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Ether.fi is a decentralized liquid staking protocol that enables users to stake their ETH while retaining self-custody and on-chain control over their assets. Unlike traditional staking platforms that require users to give up custody to validators, Ether.fi introduces a non-custodial model where stakers maintain ownership throughout the staking process.
The protocol issues a liquid staking token called eETH in return for staked ETH. This token can be used across DeFi applications for lending, borrowing, or yield farming, allowing users to earn additional rewards without locking up their capital.
At the core of the Ether.fi ecosystem is the ETHFI token. ETHFI is used for protocol governance, giving holders the ability to vote on changes, delegate decisions, and shape the future of the protocol.
ETHFI is currently valued at $1.08, contributing to a total market capitalization of $605,196,284. The token reached its all-time high of $8.53 on March 27, 2024. There are 562,051,980 ETHFI tokens in circulation, out of a total supply of 998,535,999, with the maximum capped at 1,000,000,000.
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