Ether.Fi is a fundamentally new staking protocol for Ethereum. Ether.Fi allows participants to maintain control over their keys while delegating stakes. Deposits in Ether.Fi are initially redistributed via Eigenlayer. Eigenlayer repurposes ETH staking to support external systems (such as accumulation packets, oracles) with a level of economic security, increasing earnings for ETH stakers in the process. $ETHFI is the native utility and governance token for the Ether.Fi protocol. It is used by the community to manage key aspects of the protocol, including: The Ether.Fi Treasury; Key protocol updates; Protocol fees and payouts.

Project site | Whitepaper | Binance on ETHFI | Detailed Terms

Terms

Users will be able to place their BNB and FDUSD in separate pools for farming ETHFI tokens over four days, starting from March 14, 2024, at 03:00 MSK.

Supported Pools

BNB Staking: 16,000,000 ETHFI as a reward (80%)

FDUSD Staking: 4,000,000 ETHFI as a reward (20%)

Listing

Then Binance will list ETHFI on March 18, 2024, at 15:00 MSK and will open trading with the pairs ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD, and ETHFI/TRY. Seed Tag will be applied to ETHFI.

Please note:

• User balance snapshots and total pool balances will be taken several times at any moment each hour to obtain average hourly balances of users and calculate user rewards. User rewards will be updated every hour.
• Users will be able to accumulate their rewards (calculated every hour) and request these rewards at any time directly to their spot accounts.
• The Annual Percentage Yield (APY) of each pool and the total pool balance will be updated in real time.
• Tokens can only be placed in one pool at a time. For example, User A cannot place the same BNB in two different pools at the same time but can place 50% of their BNB in Pool A and 50% in Pool B.
• Users will be able to withdraw their funds from staking at any time without delays and immediately participate in any other available pools.
• Tokens placed in each pool and any unclaimed rewards will be automatically transferred to each user's spot account at the end of each farming period.
• Binance BNB Vault and Locked Products will support Launchpool. Users who have placed their BNB in BNB Vault and Locked Products will automatically participate in Launchpool and receive new token rewards.
• If more than one Launchpool project is running simultaneously, users' BNB assets in BNB Vault and Locked Products will be split and distributed equally across each project, unless otherwise specified.
• BNB Vault assets providing collateral for Binance Loans (flexible rate) are not eligible for Launchpool rewards.
• BNB placed in Launchpool will still provide users with standard BNB ownership benefits, such as airdrops, eligibility for participation in Launchpad, and VIP benefits.

Our participation

Results

Farming ETHFI on Binance is completed!

Held 10,000 FDUSD in the pool. Over 4 days, 20 ETHFI coins were accrued. Listing on March 18, 2024, at 15:00 MSK, we'll see how much it can sell for. P.S. On the first day of listing, the coin traded for 3-4 dollars.

On March 26, 2024, we sold 20 free ETHFI coins received from the pool at $5 each. The total came to $100 (1% of the deposit amount over 4 days). Which is quite good for a risk-free investment.