Binance Lists ether.fi on Binance Launchpool

The cryptocurrency exchange platform Binance has announced its 49th launchpool project, which is ether.fi. Read the details here!

Azcnews Breaking (63)

Binance is delighted to announce the 49th project on Binance Launchpool – ether.fi (ETHFI), a decentralized, non-custodial staking protocol. The webpage is expected to be available within 24 hours before the Launchpool commences.

Users will be able to stake their BNB and FDUSD into separate pools to farm ETHFI tokens over a period of four days, with farming starting from 00:00 on March 14, 2024 (UTC).

Subsequently, Binance will list ETHFI at 12:00 on March 18, 2024 (UTC) and commence trading with ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD, and ETHFI/TRY trading pairs. The Seed Tag will be applied to ETHFI.

Register for token trading on Binance here.

ether.fi Launchpool Details

Binance Announcement ether.fi

Ether.fi is a project providing staking services on Ethereum, allowing users to stake ETH to receive rewards and eETH (token representing staked ETH), continuing to be used in DeFi projects.

Initially, the project solely focused on the LSD domain. However, following the surge of EigenLayer (a project introducing the Restaking mechanism), ether.fi shifted its focus and concentrated on activities within the LRT domain.

  • Token Name: ether.fi (ETHFI)
  • Max Token Supply: 1,000,000,000 ETHFI
  • Launchpool Token Rewards: 20,000,000 ETHFI (2% of max token supply)
  • Initial Circulating Supply: 115,200,000 ETHFI (11.52% of max token supply)
  • Smart Contract Details: Ethereum
  • Staking Terms: KYC required
  • Hourly Hard Cap per User:
    • 16,666.66 ETHFI in BNB pool
    • 4,166.66 ETHFI in FDUSD pool

Related: What is etherFi? An Overview of the etherFi Project

Supported Pools

  • Stake BNB (webpage will be available in approximately 24 hours): 16,000,000 ETHFI in rewards (80%)
  • Stake FDUSD (webpage will be available in approximately 24 hours): 4,000,000 ETHFI in rewards (20%)
  • Farming Period: From 00:00 on March 14, 2024, to 23:59 on March 17, 2024 (UTC).

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