Etherfi (ETHFI): Redefining Ethereum Staking

What is Etherfi (ETHFI)?

Etherfi (ETHFI) is a non-custodial and decentralized staking protocol built on the Ethereum blockchain. Unlike traditional staking platforms, Etherfi empowers stakeholders to retain complete control over their assets while leveraging the power of permissionless decentralization. By providing a secure and seamless delegated staking service, Etherfi offers higher returns and fewer costs through innovative revenue streams and efficient operational optimizations.

How Etherfi (ETHFI) Works

Etherfi offers two primary services: Ethereum Staking and Ethereum Re-staking.

Ethereum Staking

In Ethereum Staking, validators play a pivotal role in maintaining the network's integrity. Validators, equipped with 32 ETH as collateral, propose and verify new blocks, participate in consensus through voting, and are rewarded for their services. Etherfi distinguishes itself by offering complete ownership of validator keys to stakers, ensuring unparalleled security and control.

Etherfi accommodates two types of node operators:

Solo Stakers

Etherfi's solo staking approach enables individuals to run validator nodes from the comfort of their homes or offices, promoting decentralization and accessibility. By integrating Distributed Validator Technology (DVT), Etherfi significantly reduces the capital requirement for solo staking, making it feasible for enthusiasts worldwide. Solo stakers have to meet criteria such as staking experience, robust internet connection, and compliance with Etherfi's terms of service, in order to run a node.

Permissioned Node Operators

Etherfi also collaborates with permissioned node operator partners, who run validators on behalf of the protocol. These operators, who have been assessed for their performance and credibility, participate in staking auctions and manage validator nodes without the need for collateral.

They receive a portion of the staking rewards as compensation for their services. This model enhances the protocol's scalability and efficiency while maintaining high standards of performance and security.

Ethereum Re-staking

Etherfi's innovative Re-staking mechanism adds another layer of efficiency and usability to Ethereum staking. Through native Re-staking, users holding eETH or weETH tokens can seamlessly earn staking rewards without compromising liquidity or usability. Unlike conventional liquid staking strategies, Etherfi's Re-staking tokens are transferable and usable in other DeFi protocols, eliminating the need for lengthy withdrawal periods.

By holding eETH or weETH tokens, users not only earn rewards based on staked ETH but also benefit from natively restaked ETH within the protocol. This native restaking process occurs seamlessly at the protocol level, requiring no additional actions from users.

ETHFI Goes Live on Bitget

As Etherfi continues to evolve, its roadmap emphasizes the integration of Distributed Validator Technology (DVT) and permissionless node staking. By enhancing security measures and expanding participation opportunities, Etherfi aims to further decentralize the Ethereum network and empower stakeholders worldwide.

As the native governance token of Etherfi, ETHFI holds significant potential for investors seeking to participate in the governance and decision-making processes of this innovative staking protocol. With Etherfi's commitment to decentralization and user empowerment, holding ETHFI tokens grants you a voice in shaping the future of Ethereum staking.

Become the pioneer in Ethereum staking by trading ETHFI on Bitget as the token is listed on March 18.

Bitget also offers four exclusive campaigns for ETHFI traders, providing multiple layers of benefits and incentives. Don't miss out on this opportunity to explore the exciting world of ETHFI trading on Bitget.

How to Trade ETHFI on Bitget

Step 1: Go to ETHFIUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

Etherfi represents a significant advancement in the realm of DeFi, offering users a secure and efficient platform to engage in lending, borrowing, and asset management. With its emphasis on institutional-grade quality, enhanced composability, and robust security, Etherfi is well-positioned to address the evolving needs of the DeFi community.

Trade ETHFI on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.