Participate now to be an Early Adopter and eligible to mint the free NFT
Ether fi
Progress mission: 0 of 4
Rewards
Rewards
Undisclosed
Past rewards
$1,700 $9,600
Details
Minimal cost
~$20
Minimum deposit
$200
Time required
5 min.
Category
Mainnet
Rating
5/10
Risk
Medium
Ether fi has secured $5.3 million from various investors and has an experienced team. Its user base is small, offering a chance to be an early adopter. The main activity is staking, which is fairly straightforward.
However, it requires a minimum of 0.1 ETH, which can be costly. Only join if you're okay with the risks of being early in the project. Additionally, your staked ETH is re-invested in EigenLayer, potentially giving you a chance to benefit from two opportunities at once.
Airdrop
Now, you can check if you are eligible for the airdrop, and if so, claim your ETHFI tokens on the official claim page!
Pros & Cons
Why is it worth it?
Dual Opportunities
Can engage in two different opportunities simultaneously.
Token Indication
A tweet suggests a token launch for decentralization around March 2024.
Small Competition
Only 12,000 unique eETH holders, indicating small competition.
Risks to consider
Financial Involvement Required
A minimum of 0.1 ETH required to join in.
Security Concerns
Being early stage, it's not fully tested against hacks and external threats.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximise your chances of benefiting from this opportunity.
- Deposit ETH for Staking: The main task in this staking protocol is to deposit Ethereum (ETH) into the system. Staking means locking up your ETH to support the network and earn rewards.
- Deposit Amounts for Ranking: To be among the top 50% of users, deposit more than 0.1 ETH. For the top 25%, you need to deposit over 0.2 ETH, according to Dune Analytics.
- No Further Actions Required: Once you deposit your ETH, no additional actions are needed. Just make sure not to withdraw your deposit for at least 3 months, preferably 6 months, to maximize benefits.
- Dual Participation with EigenLayer: By joining this opportunity, you also automatically participate in the EigenLayer project. Your deposited ETH is restaked in EigenLayer, giving you a chance to benefit from two opportunities at once.