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ether.fi (ETHFI)

Past
Total Raise: $27,000,000
Date: 28 Feb - 18 Mar

Ether.Fi is a non-custodial native ETH staking protocol with a liquid staking derivative tokens. It allows users to provide their Ethereum to support nodes and receive rewards while maintaining full control of their own funds.

Recently, the platform presented its native $ETHFI token, which is designed for paying protocol fees, rewarding stakers and node runners, and participating in governance votings.

Additionally to token release, EtherFi announced the listing of $ETHFI and its IEO on Binance, allocating 2% of the total $ETHFI supply to the Binance launchpool.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

ether.fi Overview

Ticker: ETHFI
Country: Cayman Islands
Industry: Blockchain Service
Founded: 2022
Whitelist: No
Blockchain Network: Ethereum
KYC: Yes
Bounty: Yes
MVP: Yes
Type: IEO, Equity
Security Audit: Yes

ether.fi Review

EtherFi is a decentralized staking protocol on the Ethereum chain network with its own Liquid Staking Derivatives (LSD) token. It aims to incentivize the security of the Ethereum chain network by offering users a safe, non-custodial solution for contributing ETH to the node validators and earning APR. 

The platform offers four different ways to stake own ETH and contribute to the protocol:

  • Mint eETH (0.001 ETH+): Users can stake and delegate their tokens to validators to earn APR and receive the LSD token - eETH. It can be used for native staking on EigenLayer or utilized in other DeFi apps.
  • Become a Solo Staker (0 ETH+): Anyone with enough computer power can become a Solo Staker and operate a staking node to receive rewards. However, if users contribute less than 2 ETH, they need to disclose personal information (doxxed) to qualify.
  • Bond 2 ETH for BNFT: Similarly to solo staking, users can bond 2 ETH to receive their unique BNFT and become a node operator. Unlike the option above, users don’t need to disclose personal information, instead, they bond 2 ETH.
  • Stake full 32 ETH: Users can contribute 32 ETH to become independent node validators and earn rewards for both providing ETH and running a node. 

Read more info about the staking in EtherFi docs

Ether.Fi crypto protocol is powered by its native ETHFI token, which serves multiple purposes including paying fees, rewarding node validators as well as ETH contributors, and participating in DAO votings.

In the past, the company has conducted a few private token sales  with the involvement of top-tier funds such as Arrington XRP Capital, ConsenSys, CoinFund, and 24 other funds and investors. Up to date, Ether.Fi has raised over $27M. Recently, in 2024, Ether Fi announced its first public sale round - IEO on Binance, allocating over 2% for the Binance Launchpool event.

Taking into consideration this information, the CoinLaunch team analyzed the project in eight key areas including marketing, tokenomics, security, etc., and found some important pros and cons you need to consider before investing in Ether.Fi token.

 

EtherFi pros:

  • Impressive $3B EtherFi TVL;
  • Relatively low token inflation rate (0.46%) during the first year after TGE;
  • Low FDV/Initial Market Cap ratio (11.52%);
  • Strong Growth Marketing and PR performance;
  • Relatively experienced team; 
  • Presence of security audits from a few top-tier companies;
  • Support from top-tier funds;

EtherFi cons:

  • Weak marketing infrastructure and SEO performance;
  • Quite high token inflation rate in the second year after TGE
  • Lack of transparency in tokenomics: token price at each investment round, vesting, etc.

ether.fi Token Economy

Total Raise: $27,000,000
Total Supply: 1,000,000,000
Private/Pre-sale: (0%)
Public Sale: 20,000,000 (2%)
Fully Diluted Valuation (FDV): $166,000,000
Initial Circulation Supply: $19,100,000 (11.51% of FDV)

ether.fi Token Sale (ICO & IDO) Rounds

IEO: 14 Mar - 18 Mar

Price: N/A
Tokens for sale: 20,000,000
Raise: N/A
Lock-Up: No lockup
Private: 28 Feb - 28 Feb

Price: N/A
Tokens for sale: N/A
Raise: $21,700,000
Lock-Up: N/A
Seed: 28 Feb - 28 Feb

Price: N/A
Tokens for sale: N/A
Raise: $5,300,000
Lock-Up: N/A
IEO: 17 Mar - 18 Mar

Price: $3
Tokens for sale: 6,666
Raise: $20,000
Lock-Up: No lock-up

ether.fi Token Release Schedule

etherfi token release schedule

ether.fi Funds and Backers
(3/22)

Submit
arrington capital logo
Arrington Capital
Score: High
7 numbers of
investment
Read More
OKX Ventures logo
OKX Ventures
Score:
6 numbers of
investment
Read More
Amber Group Logo
Amber Group
Score: Medium
5 numbers of
investment
Read More
View All

ether.fi Influencers
(3/8)

Submit
DoubleTop
Score: High
10 numbers of
investment
Read More
Top 7 ICO logo
TOP 7 ICO
Score: Medium
8 numbers of
investment
Read More
CryptoDiffer Logo
CryptoDiffer
Score: High
7 numbers of
investment
Read More
View All

ether.fi Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  15 Mar 2024 Upgrade

ether.fi Team

Mike Silagadze
Mike Silagadze
CEO
Jozef Vogel
Jozef Vogel
COO
Rok Kopp
Rok Kopp
Chief Growth Officer

ether.fi News

ether.fi Roadmap

June 2023
  • Delegated staking with self-custody of keys
August 2023
  • Solo node operators integration phase 1;
  • DVT integration phase 1.
October 2023
  • Open source smart contracts
November 2023
  • eETH launch with permissionless minting and redemptions
Feb 2024
  • Open source everything
April 2024
  • DVT integration phase 2, permissionless solo staking;
  • DAO Governance & TGE.
TBD

Contracts ossification

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