đžExciting news for crypto enthusiasts! Binance is set to launch ETHFI, the token of ether.fi, a leading decentralized staking protocol, on its Launchpool platform as project #49 . This collaboration offers an opportunity to earn ETHFI rewards by staking BNB or FDUSD starting March 14th, 00:00 UTC.
đžHere are the key details:
- Farming Period: March 14th - 17th
- Token Listing: March 18th, 12:00 UTC
- Max ETHFI Supply: 1 billion
- Launchpool Rewards:20 million ETHFI (2% of total)
đžPlease note that KYC is required, and full details along with a research report are available on the Binance website. Participation restrictions apply, with certain countries excluded.
Ether.fi, known for its innovative approach to ETH staking, offers a unique experience:
- Native Liquid Staking: Stake ETH and receive eETH (native liquid restaking token) in a 1:1 ratio.
- Amplified Returns: Utilize eETH in various ether.fi liquidity pools (Pendle, Balancer, Curve, etc.) to earn additional rewards like APR, restaking APR, and platform-specific tokens.
- Seamless User Experience: The platform boasts a user-friendly interface, making staking and managing assets effortless.
- Extensive DeFi Integration: eETH compatibility with leading DeFi protocols expands its utility and earning potential.
- Single-Token Liquidity Provision:Minimize impermanent loss risks by providing liquidity with just eETH in specific pools.
- Node Service:Contribute to the platform's infrastructure by running a node and earn block rewards.
The symbiotic relationship between Binance Launchpool and ether.fi is evident. Binance offers a platform for wider ETHFI distribution and initial acquisition, while ether.fi provides a robust staking ecosystem to unlock the true potential of eETH. #binance #HotTrends #Earn2Write #launchpool
