> For the complete documentation index, see [llms.txt](https://web-ethrt-fi-org.gitbook.io/us/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://web-ethrt-fi-org.gitbook.io/us/getting-started-blocked-access-or-etherfi.md).

# Getting Started-Blocked Access | etherfi

Our principles guide our actions, and we want the Ethereum community to hold us accountable for living up to them.

{% embed url="<https://www.ether.fi/>" %}

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### 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.