EtherFi – A standout non-custodial delegated staking protocol

[Incarts]

Staking has proven to be one of the profitable products of DeFi, however the complexity can be a turnoff for interested individuals. Good news is – delegated staking eases the process since it lets you lend your asset to someone who has it all set up while you reap your rewards.

While many delegated staking solutions have been introduced in the past, EtherFi has caught my attention. It is a decentralized, non-custodial delegated staking protocol with a Liquid Staking token lets users maximize their staking and re-staking rewards while maintaining composibility for DeFi applications.

For one, it promotes freedom and improves rewards, since your staked ETH earns you staking yields and restaking yields via Eigenlayer. Moreover, EtherFi promotes decentralisation and reduces the counterparty risk of node operators and the protocol by entrusting stakers control over their keys, allowing nodes to be launched across the globe. 

Holders of Ether.fi native token $ETHFI possess governance rights to participate and shape the protocol, community and its ecosystem, which explains the growing demand for the token on Bitget since trading opened.

DeFi paves the way for the inflow of passive income, do you see Ether.Fi unlocking those?

 

 

 

Edited March 18 by Incarts

[Imam]

One of the best time to accumulate 🤞

[gandalf03]

14 hours ago, Incarts said:

Staking has proven to be one of the profitable products of DeFi, however the complexity can be a turnoff for interested individuals. Good news is – delegated staking eases the process since it lets you lend your asset to someone who has it all set up while you reap your rewards.

While many delegated staking solutions have been introduced in the past, EtherFi has caught my attention. It is a decentralized, non-custodial delegated staking protocol with a Liquid Staking token lets users maximize their staking and re-staking rewards while maintaining composibility for DeFi applications.

For one, it promotes freedom and improves rewards, since your staked ETH earns you staking yields and restaking yields via Eigenlayer. Moreover, EtherFi promotes decentralisation and reduces the counterparty risk of node operators and the protocol by entrusting stakers control over their keys, allowing nodes to be launched across the globe. 

Holders of Ether.fi native token $ETHFI possess governance rights to participate and shape the protocol, community and its ecosystem, which explains the growing demand for the token on Bitget since trading opened.

DeFi paves the way for the inflow of passive income, do you see Ether.Fi unlocking those?

 

 

 

Interesting question but I think Ether.Fi could do just that taking cognizance of its rich features IMHO.

I'm also taking part in the ongoing airdrop campaign at the Trade Smarter Exchange to add more to my existing bags. 

[Imam]

On 19/03/2024 at 15:58, gandalf03 said:

Interesting question but I think Ether.Fi could do just that taking cognizance of its rich features IMHO.

I'm also taking part in the ongoing airdrop campaign at the Trade Smarter Exchange to add more to my existing bags. 

& If you've joined/bought it. then do check out bruh! We're almost 30%+ on our spot positions.

[AhmedMarsh]

The emergence of EtherFi as a non-custodial delegated staking protocol is a significant development in the crypto space. With its focus on decentralization and security, EtherFi offers a promising solution for users.  As the platform continues to evolve, it will be interesting to see how it gains traction and contributes to the broader DeFi ecosystem. But this is just my analysis and my opinion...

[Imam]

So far so good! Not gonna sell this soon!