Ether.fi (ETHFI) Announces Token Airdrop

Ether.fi, the liquid restaking protocol, has announced that it will organize an airdrop of the ETHFI token on March 18, 2024, for early contributors.

Azcnews Breaking

According to the latest announcement on March 16, the liquid restaking protocol Ether.fi has confirmed that it will organize an airdrop of ETHFI tokens on the following Monday, March 18, 2024. This project is built on EigenLayer.

Previously, Ether.fi was announced as the 49th Binance Launchpool project. ETHFI is a standard ERC-20 token on the Ethereum network, with a maximum total supply of 1 billion tokens.

The primary function of the ETHFI token is governance, allowing holders to participate in the project’s DAO organization and make decisions regarding sponsorship programs, protocol parameters, licensing for project programming changes, fund allocation, and token staking.

Upon launch, ETHFI will have 115.2 million circulating tokens, accounting for 11.52% of the total supply. 6% will be allocated to users in Season 1 of the airdrop, with the rest being used for the collaborative development plan of the Ether.fi ecosystem.

Specifically, 23.26% of the total ETHFI supply is allocated to the development team, 27.24% to the budget fund, and 32.5% to investors. However, these portions will be gradually unlocked over a period of 2-3 years.

Allocation Ether.fi
Allocation Ether.fi
Token Release Schedule
Token Release Schedule

According to DefiLlama, Ether.fi is currently the largest liquid restaking protocol with a TVL (Total Value Locked) of over $3 billion, surpassing competitors such as Puffer Finance, Renzo, Kelp DAO,… The project raised $27 million in Series A funding in February.

Related: Binance Lists ether.fi on Binance Launchpool

Conditions to receive the airdrop from Ether.fi

Airdrop Season 1 will be available to individuals who meet certain conditions, including early adopters, holders of Ether.Fan NFTs, participants in staking, holders or liquidity providers of eETH and weETH tokens, holders of the Ether.fi badge, and individuals who refer friends to the project. The snapshot for Season 1 was taken at 00:01 AM on March 15, 2024 (UTC).

Qualified users can claim the airdrop from March 18 to June 18. Unclaimed funds will be used for Season 2 of the airdrop, which is expected to distribute an additional 5% of the total ETHFI token supply, although no specific timeline has been announced yet.

4.9/5

(29 votes)
  1. Avatar of Nguyễn Hoàng Kim
    Nguyễn Hoàng Kim

    Cho mình tham gia với

  2. Avatar of
    Anonymous

    This is going to be wonderful

  3. Avatar of Godspower Okon
    Godspower Okon

    Keep me posted

    • Avatar of INZA SORO
      INZA SORO

      C’est un truc balèze je crois !

  4. Avatar of Hamman Abdurrazaq
    Hamman Abdurrazaq

    Can’t wait 🔥🔥

  5. Avatar of Abdullah abubakar
    Abdullah abubakar

    Abdullhi ax coiner is good projet

  6. Avatar of Yao bruno Konan
    Yao bruno Konan

    Je suis heureux de pouvoir participer à cet Airdrop initié par ETHFI

  7. Avatar of Yao bruno Konan
    Yao bruno Konan

    Un Airdrop très prometteur

  8. Avatar of
    Anonymous

    Hmm interesting

  9. Avatar of
    Anonymous

    I love to be part of this great project

  10. Avatar of Nam tiến
    Nam tiến

    Giữ cho tôi một chỗ

  11. Avatar of Amit Aggrawal
    Amit Aggrawal

    Good project

    • Avatar of Franklin Uche
      Franklin Uche

      Great future updates

  12. Avatar of Emmanuel Ayegba
    Emmanuel Ayegba

    Nice update.

  13. Avatar of Usman Sadiq
    Usman Sadiq

    AZC is our dream. I love it

  14. Avatar of Rajakamran
    Rajakamran

    Hi l Am newe you zae

    • Avatar of
      Anonymous

      Nice update

  15. Avatar of Victor
    Victor

    Spectacular

  16. Avatar of Jonah nkwegu
    Jonah nkwegu

    Nice update

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