News

Don’t Miss Out: ether.fi’s Mainnet Launch For ETH Delegated Staking In April

Key Points:

  • ether.fi will launch in three phases, with Phase 1 in April, followed by Phase 2 in Q2/Q3 2023, and Phase 3 in Q4 2023/Q1 2024.
  • ether.fi is a decentralized staking protocol that offers high returns and low costs.
ether.fi is a non-custodial, decentralized staking protocol that offers stakeholders complete control over their assets while leveraging the power of permissionless decentralization. The protocol offers a secure and seamless delegated staking service that provides higher returns and lower costs through innovative revenue streams and aggressive operational efficiency optimizations.

The launch of ether.fi will occur in three phases. Phase 1 will take place in April and will involve the protocol going live on the mainnet with ETH delegated staking following Shanghai. Phase 2, which is scheduled for Q2 23 or Q3 23, will see the eETH liquidity pool go live. Finally, Phase 3 is scheduled for Q4 23 or Q1 24, and will involve the launch of the Permissionless Node Marketplace.

In Phase 1, ether.fi will release a desktop app for delegated staking via an auction mechanism. The staking rewards and unstaked ETH can be withdrawn, and the protocol will offer transferrable NFTs and bond NFTs that confer ownership of the withdrawal safe. The protocol treasury contract will also be launched.

Phase 2 will involve the integration of an oracle for validator node information and launching the ether.fi Liquid Staking Derivative (LSD) token, eETH. An ether.fi liquidity pool will be available for trades of ETH, eETH, and T-NFT. The protocol treasury management contract will also be launched.

Finally, Phase 3 will see the release of the ether.fi node client, the integration of Distributed Validator Technology, and the launch of ether.fi infrastructure services and the ether.fi infrastructure service billing contract.

Stakers with less than 32 ETH, or those who don’t wish to take on the responsibility of monitoring validator nodes, can participate in ether.fi staking by minting eETH in the NFT liquidity pool. The pool contains a mixture of assets consisting of ETH and T-NFTs, and at any given time, ETH represents a small percentage of the pool assets.

Bond holders can deposit their ETH into the pool and enter a queue to be allocated a B-NFT. These stakers perform a similar role to full-node stakers who have sold their T-NFT. When the amount of ETH in the liquidity pool crosses above a threshold, the next bond-holder staker in the queue is assigned.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

4 hours ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

4 hours ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

7 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

9 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

12 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

13 hours ago

This website uses cookies.