ETHFI
Ether.fi
Market cap$571M
ether.fi is a liquid staking protocol built on the Ethereum blockchain that allows users to stake their ETH while maintaining liquidity and earning staking rewards. The protocol enables users to deposit Ethereum and receive eETH, a liquid staking token that represents their staked position while remaining tradable and composable across decentralized finance applications. ether.fi operates through a network of node operators who validate transactions on the Ethereum network, and the protocol distributes staking rewards to token holders. ETHFI is the native governance token of the ether.fi ecosystem, granting holders the ability to participate in protocol governance decisions, propose changes, and vote on matters affecting the platform's development and direction. The token also plays a role in the protocol's economic incentives, aligning stakeholder interests with the long-term success of the liquid staking platform. By combining Ethereum staking accessibility with DeFi composability, ether.fi addresses the challenge of capital efficiency for users who want exposure to staking rewards without sacrificing the ability to use their assets elsewhere in the blockchain ecosystem.