Introduction to Ether.fi and Restaking
Ether.fi makes history as the first restaking protocol listed on Binance Launchpool, with an estimated fully diluted valuation (FDV) between $4.5B-$8.66B. This innovative project currently leads the restaking sector with $2.46B in TVL from 619,000 staked ETH.
What Makes Restaking Unique?
- Security Sharing: Developed by EigenLayer, restaking allows already-staked ETH/LST tokens to secure additional protocols
- AVS Advantage: Utilizes Ethereum's validation system via Active Validation Services (AVS)
- Flexible Assets: Supports 7 token types including ETH, stETH, cbETH, and wrapped variants
👉 Discover how restaking revolutionizes DeFi security
Key Features of Ether.fi
- Instant Withdrawals: Unique among LRT protocols with direct exits (others require LP pools)
- Dynamic Timing: Withdrawal speeds adjust based on liquidity reserves
- Verified Security: Currently undergoing EigenLayer Pod validation processes
Investment and Tokenomics
Funding Milestones
- Feb 2024: $27M round led by Bullish & CoinFund (95+ investors)
- Feb 2023: $5.3M from North Island Ventures, ChapterOne, and BitMEX founder Arthur Hayes
Launchpool Details
| Parameter | Value |
|---|---|
| Mining Period | Mar 14-18, 2024 (4 days) |
| Total Supply | 1,000,000,000 ETHFI |
| Initial Circulation | 11.52% (115.2M tokens) |
| Mining Allocation | 2% (20M tokens) |
| Pool Distribution | 80% BNB / 20% FDUSD |
Price Projections and Market Analysis
Valuation Benchmarks
- Optimistic Scenario: $8.66/token ($10B circulating, $86.6B FDV)
- Conservative Estimate: $4.50/token ($5.18B circulating, $45B FDV)
Supporting Metrics
- Loyalty Points Value: $84.5M (0.00241USDT/pt)
- EigenLayer Valuation: $86.6M estimate
👉 Why ETHFI could reshape liquid restaking
FAQs: Your Ether.fi Questions Answered
Q: How does ether.fi differ from traditional staking?
A: It enables "security recycling" where staked ETH can simultaneously validate multiple protocols.
Q: What risks should investors consider?
A: As Binance's first restaking project, expect higher volatility. Initial valuations sit at historic highs for Launchpool listings.
Q: When will trading begin?
A: March 18, 2024 at 20:00 UTC+8 following the 4-day mining period.
Q: How does the point system work?
A: 350.7B loyalty points currently equate to ~$0.00241 each, serving as an ancillary valuation metric.
Q: What's the withdrawal process like?