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EtherFi is a non-custodial staking protocol with a Liquid Staking Derivatives token. It enables users to stake their ETH natively to enhance Ethereum security, earn rewards, and receive Liquid Staking Derivatives tokens in return.
The platform is powered by the native $ETHFI token, which is used to reward stakers and node runners, pay fees within the protocol, and participate in DAO votings.
Recently, EtherFi announced the IEO and subsequent listing of the $ETHFI token on the Binance exchange, allocating 2% of the total supply (20M $ETHFI) for the Binance Launchpool.
CoinLaunch Score:
Last update:
High
15 Mar 2024
ether.fi - IEO Round on Binance Overview
start date:
14 Mar 2024
end date:
18 Mar 2024
price:
N/A
tokens for sale:
20,000,000
Raise:
N/A
Min. Buy:
N/A
Max. Buy:
N/A
Industry:
Blockchain Service
Lock-up:
Launchpad
No lockup
Binance Launchpad
How to join ether.fi - IEO Round on Binance ?
To participate in the EtherFi IEO on Binance, users need to complete KYC verification on their Binance account and acquire some $BNB or $FDUSD tokens. Then, visit the $ETHFI Launchpool page and stake any amount of $BNB or $FDUSD to start farming $ETHFI tokens. The farming of EtherFi tokens started on March 14, 2024, and will finish at the token listing at 12:00 UTC on March 18, 2024.
On a daily basis, launchpool farmers will receive $ETHFI according to the share of their tokens contributed either in BNB or in FDUSD pool. For the Binance Launchpool, EtherFi allocated 20 million $ETHFI tokens, but the allocation for one pool is significantly larger than for the other:
- 16,000,000 ETHFI in rewards for the BNB staking pool;
- 4,000,000 ETHFI in rewards for the FDUSD pool.
❗️PRO TIP: However, usually, the amount of $FDUSD invested for farming in dollar equivalent is significantly lower than in the BNB pool, which means you might potentially have a bigger share of the rewards in the FDUSD pool. That's why the CoinLaunch team recommends calculating your share and rewards from both the BNB and FDUSD pools to determine which pool could potentially bring you more $ETHFI rewards.
For more information, read the official Binance post.
Step-by-step Guide
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