EtherFi is a liquid staking protocol built on the Ethereum chain. Their mission is to simplify and democratise access to Ethereum staking by offering a liquid derivative token, $eETH, pegged to staked ETH. Unlike traditional staking methods, $eETH allows users to freely trade their staked assets while still earning staking rewards.
Currently, EtherFi is offering points for EtherFi as well as EigenLayer to users who stake ETH. These points can potentially achieve you EtherFI & EigenLayer airdrop upon the official launch. This guide will walk you through the steps involved in staking Ethereum on EtherFi and maximise your potential airdrop rewards.
EtherFi has not conducted any fundraising rounds to date. The project is currently bootstrapped and self-funded. This can be seen as a positive sign, as it indicates the team’s commitment to organic growth and aligns with their focus on decentralisation.
Here’s how you can participate in the EtherFi Early Adopter program and potentially get EtherFi’s tokens:
Visit the EtherFi website and connect your Ethereum wallet by clicking right top Connect Wallet Option, such as MetaMask. Ensure you are on the Ethereum mainnet.
Go to the eETH tab where you can stake you ETH. Enter the amount of ETH you want to stake, you can also see the how many eETH you will receive after staking ETH then click on Stake. Deposit at least 0.1 ETH or an equivalent amount of an ETH
Your loyalty points accrue over time based on the amount of ETH staked and the duration of your participation. Points are distributed daily according to a pre-defined formula. Monitor your accumulated loyalty points on the EtherFi website in Portfolio Tab. The higher your points, the greater your potential airdrop allocation.
EtherFi is still under development, and the official launch date and tokenomics are not yet finalised. Follow the project through their official channels for updates and further instructions regarding the airdrop.
Official EtherFi website : https://www.ether.fi/
Twitter : https://twitter.com/ether_fi
Discord : https://discord.gg/hP3NY2Hv
Telegram : https://t.me/etherfifam
Consider joining the EtherFi community on Discord or Telegram to connect with other participants, ask questions, and stay informed about the latest developments.
Remember that airdrop farming involves inherent risks. The final tokenomics and airdrop criteria are not set in stone, and the platform is still under development. Ensure you understand the risks before participating.
Do your own research (DYOR) on EtherFi and the liquid staking space before committing any funds.
This guide is for informational purposes only and should not be considered financial advice. Please do your own research and due diligence before participating in any airdrop or investing in any cryptocurrency project.
By following these steps and staying informed, you can maximise your chances of receiving airdropped EtherFI tokens and potentially benefit from the growth of the EtherFi protocol.
Blog Source : My Own Website -
https://minnowtraders.com/2024/01/22/etherfi-x-eigenlayer/
