ether.fi price

FAQ About ETHFI

• What is ETHFI?

  Ether.Fi is a decentralized, non-custodial liquid restaking protocol. It solves the issue of liquidity lockup in ETH staking and maximizes returns through EigenLayer integration, all while maintaining non-custodial key control.

• What is the core utility of the ETHFI token in the protocol?

  ETHFI is the governance token of the Ether.Fi protocol. Holders can propose and vote on key matters, including protocol upgrades, fee structures, fund allocation, and strategies for the eETH and weETH tokens.

• What is the difference between eETH and weETH?

  eETH is Ether.Fi's Liquid Restaking Token (LRT), a rebasing token that automatically increases in balance as rewards are earned. weETH is the wrapped, non-rebasing version of eETH, designed for use in decentralizaed finance (DeFi) protocols, with its value appreciating over time relative to eETH.

• What is the total supply of ETHFI? How is it distributed?

  The total supply of ETHFI is capped at 1 billion tokens. Distribution is mainly allocated to the community (including airdrops), the protocol treasury, early investors, and the core team.

• What are the main use cases of ETHFI?

  ETHFI is used for protocol governance, staking rewards, node operator incentives, and integration with decentralized finance (DeFi) protocols.

• Is ETHFI token secure?

  Ether.Fi uses non-custodial staking and Distributed Validator Technology (DVT) to enhance security and decentralization.

• Is ETHFI a good long-term investment?

  ETHFI, as the core token of Ethereum’s liquid staking protocol, has long-term growth potential.

• What is the relationship between ETHFI and eETH?

  ETHFI is the governance token, while eETH is the liquid staking token used to earn rewards.