ether fi
About ether.fi (ETHFI)
The price of ether fi (EETH) is $2,354.24 today, as of Sep 16 08:18 p.m., with a 24-hour trading volume of $0. Over the last 24 hours, the price has decreased by -5.06%. ether fi currently has a circulating supply of 0 and a market cap of $0.
$ETHFI (ETHFI) is the governance token that drives the ether.fi network, a decentralized, non-custodial delegated Ethereum staking protocol. $ETHFI will enable community members to manage critical aspects of the protocol and direct the growth strategy of weETH, the wrapped non-rebasing version of ether.fi’s Liquid Restaking token eETH. $ETHFI is the governance token for both eETH and weETH holders and is set to launch in mid-March of 2024.
$ETHFI token holders will be able to propose and approve:
- Major protocol upgrades
- Changes to key economic parameters, such as fees designated to the protocol
- Software development contributor permissions
- Whitelisting of node operators that run ETH nodes on behalf of the protocol
- Where and how ETH is restaked within the Actively Validated Services (AVS) ecosystem which utilizes the EigenLayer protocol
- Treasury diversification activities
$ETHFI also plays a role in securing the network. ether.fi node operators will be required to stake $ETHFI as “skin in the game” in order to ensure the nodes operate with minimal slashing risk. Once a node operator is approved by the community, they will deposit a specific amount of $ETHFI per node before receiving delegated validator keys. This stake needs to be maintained in order to continue operating the node. Rewards are derived from consensus rewards, transaction fees and maximum extractable value (MEV).