Ether.fi, the largest liquidity restaking protocol on Ethereum, has released details for its ETHFI governance token airdrop. The first-season snapshot was finalized on March 15, with distribution beginning today at 8 PM UTC. Binance will list ETHFI simultaneously. TRON founder Justin Sun qualifies for 3.45 million ETHFI tokens.
ETHFI Airdrop: Claim Window Opens at 8 PM UTC
Key details about the ETHFI token:
- Total supply: 1 billion
- Initial circulation: 115.2 million
- Season 1 allocation: 6.8% of total supply
- Claim period: 90 days via official portal
Unclaimed tokens will roll over to Season 2, which will distribute 5% of remaining supply based on activity between March 15 and a future date.
👉 How to secure your ETHFI tokens safely
Eligibility Criteria
- Holding eETH tokens
- Participating in referral programs
- Early adopter program participation
- NFT holders receive priority access
Smaller wallets can claim immediately, while "whale wallets" face a 3-month vesting period.
Justin Sun's Allocation Sparks Community Discussion
The Block reported community concerns after Justin Sun's 20,000 ETH deposit qualified him for 3.45 million tokens. Ether.fi founder Mike Silagadze addressed this on Discord:
"We don't change rules for large depositors. We appreciate Justin's support and will honor our established criteria."
The protocol subsequently increased small-staker allocations from 6% to 6.8% of total supply.
Revised Airdrop Structure Benefits Small Stakers
Updated distribution:
| Category | Allocation |
|---|---|
| Stakers | 90% |
| Partners | 6% |
| Early adopters | 4% |
The linear distribution model now favors smaller participants. Official warnings emphasize vigilance against phishing attempts.
Binance Launchpool Timeline
- Farming concluded: 8 AM UTC today
- Trading begins: 8 PM UTC tonight
FAQs
When does the ETHFI claim period end?
You have 90 days from March 18 at 8 PM UTC to claim your tokens.
What happens to unclaimed ETHFI?
Unclaimed tokens will be added to Season 2's airdrop pool.
How can I verify my eligibility?
Use the official eligibility checker at Ether.fi's portal.
Are there any vesting periods?
Only for wallets with >20,000 ETH deposits (3-month vesting).
👉 Complete guide to token vesting schedules
Risk Disclosure
Cryptocurrency investments carry substantial risk. Prices may fluctuate significantly, potentially resulting in total capital loss. Carefully consider your risk tolerance before participating.