• Ticker: ETHFI
• Network: Ethereum
• Category: DeFi
• Address: Etherscan

About ETHFI

EtherFi is a non-custodial Ethereum staking and restaking protocol that integrates with EigenLayer to maximize reward opportunities while maintaining decentralization. Through EtherFi, users can stake their ETH without handing over control of their private keys. In return, they receive liquid staking tokens like eETH or weETH, which can be freely used in DeFi applications while still earning staking rewards.

The ETHFI token powers governance, incentivizes participation, and aligns the interests of validators, stakers, and developers in the ecosystem. Additionally, EtherFi introduces NFT-based loyalty programs (Ether.Fan) and supports advanced integrations across DeFi platforms, making it one of the most innovative staking solutions in the Ethereum ecosystem.

Key Points

• Non-custodial security: Users retain control of their validator keys, avoiding centralization risks seen in other protocols.
• Liquid restaking: By restaking ETH and receiving eETH/weETH, users can unlock additional DeFi opportunities while still earning yield.
• EigenLayer integration: EtherFi leverages EigenLayer to enable restaking, allowing multiple reward streams beyond traditional staking.
• Governance role: ETHFI holders participate in governance, deciding on protocol upgrades, slashing conditions, and treasury allocations.
• NFT loyalty program: Ether.Fan NFTs create additional engagement, offering rewards for participation in staking campaigns.

FAQs

1. What is ETHFI used for?

ETHFI serves as the governance token of the EtherFi protocol, allowing holders to vote on critical parameters, including protocol upgrades, reward distributions, and validator selection. It also acts as an incentive mechanism, rewarding those who actively contribute to protocol security and growth.

2. How does EtherFi work?

EtherFi works by allowing users to stake ETH directly into the protocol. In exchange, they receive eETH or weETH, liquid staking tokens representing their deposited ETH. These tokens can be freely used in decentralized finance (DeFi) to earn additional yield while maintaining exposure to ETH staking rewards. Additionally, EtherFi integrates with EigenLayer, enabling restaking and enhancing security for external protocols while granting participants extra rewards and points.

3. Does ETHFI generate staking rewards?

While ETHFI itself is not a yield-bearing token, it is distributed as an incentive to active participants. Users who stake ETH through EtherFi and interact with its ecosystem may receive ETHFI as rewards, in addition to the staking and EigenLayer points they earn from their eETH/weETH.

4. What makes EtherFi different from other liquid staking protocols?

Unlike competitors such as Lido or Rocket Pool, EtherFi is fully non-custodial, so users retain ownership of their validator keys. This design increases decentralization and minimizes reliance on a centralized operator. Additionally, EtherFi combines staking with restaking, allowing participants to earn multiple reward streams. The platform’s loyalty programs and NFT integration also set it apart, offering unique engagement mechanisms.

5. Can ETHFI be used for payments?

No, ETHFI is not a payment token. Its primary use is within governance and as an incentive mechanism for staking participants, node operators, and contributors to the EtherFi ecosystem.

6. How can I buy ETHFI on Bitso?

1. Log in to your Bitso account or sign up if you don’t have one.
2. Go to “Buy/Sell” and select any of your available fiat currencies (MXN, ARS, BRL, COP, or USD) as your base.
3. Choose ETHFI as the token you want to purchase.
4. Enter the amount, review the details, and confirm your transaction.
5. You can track the token’s performance directly in the app.

Note: ETHFI is only available through conversions on Bitso. It is not supported on Bitso Alpha, and deposits/withdrawals from external wallets are disabled. However, you can send and receive ETHFI between Bitso users using Bitso Transfer.

Example Use Case

Sofía wants to stake her ETH without giving up custody of her keys. She uses EtherFi to deposit ETH and receives eETH in return, which she can use across DeFi protocols for extra yield. At the same time, she earns EigenLayer points and ETHFI incentives. Later, she uses her ETHFI tokens to vote on a proposal to adjust staking rewards, actively influencing the protocol’s future.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. The cryptocurrency market is highly volatile, and token values can fluctuate quickly. Bitso encourages all users to conduct their own research (DYOR) before buying, selling, or holding any digital asset.