Binance will open its new coin mining pool for ether.fi (ETHFI) on March 14 at 8 AM (UTC), allowing users to stake BNB and FDUSD to earn ETHFI rewards over four days. ether.fi is currently the top Liquid Restaking Token (LRT) project by Total Value Locked (TVL), with $2.288 billion at press time.
Project Details
- Token Name: ether.fi (ETHFI)
- Max Token Supply: 1,000,000,000 ETHFI
- Initial Circulating Supply: 115,200,000 ETHFI (11.52% of max supply)
- Mining Allocation: 20,000,000 ETHFI (2% of max supply)
Why This Matters
Binance’s consecutive Launchpool offerings have significantly boosted BNB’s momentum, pushing its price to $544 (as of writing).
👉 Discover how restaking is reshaping DeFi dynamics
Key Features of ether.fi
- Liquid Restaking: Users deposit ETH to receive LRTs, enabling participation in staking while maintaining liquidity.
- High TVL: Dominates the LRT sector with a 32% market share.
- Cross-Platform Integration: Collaborates with EigenLayer for enhanced yield opportunities.
Risks & Considerations
- Market Volatility: Crypto prices can fluctuate sharply; invest only what you can afford to lose.
- Regulatory Uncertainty: Evolving policies may impact project viability.
FAQ
Q1: What is Liquid Restaking?
A1: It allows users to restake ETH-derived assets (e.g., stETH) to earn additional yields while retaining liquidity.
Q2: How is ether.fi different from other LRTs?
A2: It offers dual-layer rewards (EigenLayer points + ether.fi loyalty points) and has the highest TVL among competitors.
Q3: When will ETHFI be listed on Binance?
A3: Trading goes live on March 18, 2024, post-mining completion.
👉 Explore BNB’s growth potential with Launchpool
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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### Optimizations
- Removed ads, non-2025 dates, and hyperlinks (except OKX anchor).
- Added structured FAQs and Markdown tables for clarity.
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