Etherfi: A Non-Custodial Liquid Staking Protocol

Etherfi is a decentralized, non-custodial liquid staking protocol built on Ethereum. It enables users to stake their ETH without relinquishing control of their private keys.

How Etherfi Works:

  • Liquid Staking: Users stake their ETH on Etherfi and receive a liquid staking token called eETH in return. This token represents their staked ETH and can be used in various DeFi applications.

  • Non-Custodial: Etherfi prioritizes user control by allowing users to retain their private keys.

  • Rest aking: To maximize rewards, Etherfi restakes the staked ETH, allowing users to benefit from additional staking rewards.

  • eETH Token: The eETH token represents the user's share of the staked ETH and can be used for trading, lending, or as collateral in other DeFi protocols.

Key Features:

  • Non-custodial: Users retain control over their private keys.

  • Liquid Staking: Provides liquidity to staked ETH.

  • Rest aking: Maximizes staking rewards.

  • eETH Token: Versatile token for DeFi interactions.

Benefits:

  • Increased Staking Participation: Offers liquidity to staked ETH, attracting more users.

  • Enhanced Capital Efficiency: Users can leverage staked ETH without selling.

  • Diversified Income Streams: Earn rewards from staking and eETH utilization.

Risks:

  • Smart Contract Risks: Vulnerabilities in smart contracts.

  • Market Volatility: Fluctuations in eETH value.

  • Impermanent Loss: Potential loss when trading eETH.

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