Etherfi |
Last updated
Last updated
Etherfi is a decentralized, non-custodial liquid staking protocol built on the Ethereum blockchain. It allows users to stake their ETH without relinquishing control of their private keys.
Liquid Staking: Users can stake their ETH on Etherfi and receive a liquid staking token called eETH in return. This token represents their staked ETH and can be used in various DeFi applications.
Non-Custodial: Etherfi emphasizes user control over their assets, ensuring that users retain their private keys.
Rest aking: To maximize rewards, Etherfi restakes the staked ETH, allowing users to benefit from additional staking rewards.
eETH Token: The eETH token represents the user's share of the staked ETH and can be used for trading, lending, or as collateral in other DeFi protocols.
Non-Custodial: Users maintain control of their private keys.
Liquid Staking: Provides liquidity to staked ETH.
Rest aking: Maximizes staking rewards.
eETH Token: Offers a versatile token for DeFi interactions.
Increased Staking Participation: By offering liquidity, Etherfi can attract more users to staking.
Enhanced Capital Efficiency: Users can leverage their staked ETH without selling it.
Diversified Income Streams: Users can earn rewards from both staking and utilizing eETH in DeFi.
Smart Contract Risks: As with any DeFi protocol, there are risks associated with smart contract vulnerabilities.
Market Volatility: The value of eETH can fluctuate based on market conditions.
Impermanent Loss: Trading eETH might expose users to impermanent loss.
