jakiro
Author: Climber, Bitchain Vision Realm
On March 18, Ethereum Re -Purchase Agreement Ether.Fi launched major exchanges.After opening the market, it fell to nearly $ 3, and has risen all the way, and has risen to $ 8.66 in less than two weeks.It is rare for the new project in the short term. In addition, the pledged track has become more and more intense. Ether.fi, the leading head, is naturally worthy of attention.
This article will fully interpret Ether.Fi, head project of this track, to help readers understand the project while finding out the value of them.
Strong manifestation
From the perspective of currency price trend, Ether.Fi has been on the market so far.As of the writing, the minimum price of ETHFI was $ 2.83, with a maximum of 8.66 US dollars, and the increase was 208%during the period.For the new currency of the exchange, double the increase in a short period of time is also more objective.
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Judging from the data performance of the project chain, according to Defilama data, the current Ether.Fi TVL is US $ 3.252 billion.It can be seen from the figure above that about January this year, Ether.Fi TVL has entered a high -growth model. So far, it has risen from nearly $ 100 million in three months by more than $ 3 billion, an increase of 30 times.
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Compared with other competitors of the same track, it can be clearly seen that Ether.fi far ahead of other similar opponents, TVL is about twice the second Renzo.From the perspective of TVL increase, the monthly growth rates of Ether.Fi, Renzo, and Swell Network are all about 100%, especially Renzo.
Regarding the general high growth of the re -pledged track TVL, an industry senior analyst said that this is mainly due to the huge expected needs for project parties who can provide consensus and security.At the same time, the pledged track is also optimistic about the people and the management.
Bitchain Vision Realm in early February this yearThe continuous heating of the pledged track compares the development status of the project“One article compared the development of several head projects in detail, and pointed out that the possibility of the influence of the Ethereum Cankun upgrade and the pledge of the pledged track broke out.
Ether.fi Introduction
Ether.Fi is a non -custody pledge agreement built on Ethereum, which was founded by Mike Silagadze and was launched in 2023.
Unlike other liquid pledges, Ether.Fi allows participants to retain their controls during the tokens and can exit the verification device at any time to retract their ETH.
This is mainly reflected in two aspects:
The pledged ETH key generated and held his own pledged ETH key.
NFT is cast for each verification device started by Ether.Fi.
For most other entrusted pledge agreements, the starting point is that the pledgers are deposited into their ETH and matched with node operators.Node operatorGenerate and hold a pledge certificate.Although this method can make the agreement a non -hosting, in fact, in most cases it has created a mechanism for hosting or semi -custody.This may make pledges face a significant and opaque risk of opponents.
Through Ether.Fi, pledges can control their keys and retain their eth’s custody rights, and at the same time entrust the pledge to node operators, which greatly reduces their risks.
In terms of technical principles, two keys will occur in POS pledge of Ethereum: withdrawal key and verification key.The withdrawal key is used to extract the user’s assets, andVerification keyIt is that node operators need to use the key to verify the block to obtain verification rewards within the specified time.
Ether.Fi realizes the withdrawal key and verification key separation management through key management technology, further optimizing the security of ETH pledge services.At the same time, it has also created a node service market. The pledgee and node operators can register nodes to provide infrastructure services, and the income of these services shared with the stakeholders and the node operators.
Users can get investment returns by depositing funds into Ether.Fi and pledged rewards (suppliers). In the process, Ether.Fi can also automatically pledge user deposits to EIGENLAYER to obtain income. Eigenlayer uses pledge to pledgeETH supports external systems (such as RollUps, prophecy machines), which can increase the benefits of ETH pledges by establishing an economic security layer.
The sum of all pledge rewards is distributed between pledges, node operators and agreements, with 90%, 5%, and 5%, respectively.Users can be obtained in the general: Ethereum forces; Ether.fi loyal points; re -pledged rewards (including Eigenlayer points); providing liquidity rewards for the DEFI protocol.
In terms of financing information:
Ether.Fi completed $ 5.3 million in financing on February 2, 2023. North Island Ventures, Chapter One and Node Capital led, and Arthur Hayes, founder of Bitmex.
In addition, Ether.Fi also completed $ 23 million in financing in February this year. The financing includes the support of over 95 investment institutions and individual investors including Amber Group, BanklessVC, and OKX Ventures.
At present, Ether.Fi publishes information about 5 team members in the official DOCS, of which founder Mike Silagadze: Currently the CEO of DEFI Fund Gadze Finance, and is also the Canadian Higher Education Platform Top Hat (2021 E round of financing of 130 million US dollars))Founder.
Token economics:
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Ether.Fi token economic model shows that Ether.Fi token ETHFI has a total supply of 1 billion pieces, and the initial circulation supply is 115.2 billion. 2% of the token distribution is used for Binance Launchpool. 11% will be assigned to airdrops.32.5% were allocated to airdrop investors and consultants, 23.26% were assigned to teams, 1% were assigned to Protocol Guild, 27.24% were allocated to Dao Treasury, and 3% were used to provide liquidity.
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However, from the perspective of unlocking time, ETHFI will not be greatly released until next year, and it will only reach more than 60%in 2026. This reflects that ETHFI’s market chips have certain scarcity.
However, from Ether.Fi’s airdrop information on March 18, the top 20 addresses in the reward list have contributed one -third of TVL (273,000 ETH) to Ether.Fi, and won 9.96 million ETHFIairdrop.
The largest number of airdrops was Justin Sun, which deposited 120,000 ETH ($ 435 million) to Ether.Fi on the 13th to obtain 3.45 million ETHFI airdrops.From the perspective of pledged short -term investment, it is about 1: 3, that is, the user pledged 1 ETF to get 3 ETHFI. At the highest price of ETHFI, it was not $ 26.
Project progress and roadmap
In March of this year, Ether.Fi opened StakeRank in the second quarter of points. The time was from March 15th to June 30th. The award will account for 5%of ETHFI’s total supply.Not long ago, Ether.Fi conducted 68 million ETHFI (6.8%of the total) airdrops. At the same time, the project also launched RestAKing Paradigm products with Manta Network.
In February, the Defi yield market PENDLE announced the cooperation with Etherence Ether.fi to launch the first LRT asset EETH in Arbitrum.In January, Ether.Fi announced the establishment of a consultant committee, including SASSAL.ETH, Polygon founder Sandeep Nailwal, Arrington Capital founder Michael Arrington, and Ethereum Foundation member SnapCrackle.eth.
In November last year, Ether.Fi main online and released the liquid pledged token EETH.In October, Ether.Fi launched a mobile pledged token (LST) EETH, and also announced its decentralized roadmap.In May, Ether.Fi launched the first stage of the main network.
According to its official website line diagram, display:
In August last year, Ether.Fi and Obol Labs jointly launched the first DVT main network verification device, and then incorporated them into the first batch of verification device of the main network.run.
In October last year, Ether.Fi opened the smart contract kit.In November, EETH was launched. EETH was Ether.fi’s liquid Stake tokens. Users will be able to participate in Ethereum pledged in a completely unauthorized manner and buy and sell pledged assets as required.
In April this year, Ether.Fi is expected to complete the second stage of DVT integration.In stage 1 in DVT, Ether.Fi cooperates with Obol Labs to provide the main network DVT -verification shared by different individuals, and no one has a complete verification key key.The second stage will turn to fully automated integration. Users will arrive, apply, and begin as separate pledges, and will not be managed and assisted by Ether.fi and Obol.
At the same time, Ether.Fi will also achieve DAO governance and TGE.
In addition, the Ether.Fi main network V3 is scheduled to be released in the early second quarter, which will include some special features, such as users can use 2 ETH Bond to run personal nodes.
summary
Since last year, more and more discussions and research around the pledged track.At the beginning of this year, there was a lot of comprehensive outbreaks of the pledged track, and Ether.Fi took the lead in the exchanges as the leader of the track and performed well, which could not help investors more optimistic about the track.
For users who are favored by pledge, safety and yields are the biggest considerations.Ether.Fi’s DVT technology can greatly ensure the security of user pledge bids, and relatively speaking, it can also provide users with good benefits.Therefore, it is indeed a certain prospect for the current Ether.Fi products and services, but it still needs time inspection at the level of smart contracts and technical security.
