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Binance’s 49th Launchpool project, ether.fi (ETHFI), has received a significant listing announcement from OKX. Accordingly, the major cryptocurrency exchange OKX has announced that it will list ETHFI and shared all the details of the listing process.
Details of the ETHFI Listing
OKX, one of the leading cryptocurrency exchanges, has announced that it will list the native asset ETHFI of the innovative decentralized liquid staking platform ether.fi. For users wanting to prepare for the listing, the exchange has started ETHFI deposit services today at 09:00 AM local time, while the highly anticipated listing will commence on March 18 at 03:10 PM local time. ETHFI withdrawal services will begin on March 19 at 01:00 PM local time.
The inclusion of ETHFI on OKX’s trading platform is part of the cryptocurrency exchange’s commitment to providing its users with access to the latest altcoins and emerging decentralized finance (DeFi) protocols. By listing ETHFI, OKX offers its global user base the opportunity to join the growing ecosystem of Ethereum-based decentralized applications and staking solutions.
What is ether.fi (ETHFI)?
The protocol behind ETHFI, ether.fi, offers a new staking protocol for Ethereum by leveraging Eigenlayer to natively re-stake deposited ETH.
This approach increases economic security for external systems such as rollups and oracles, consequently increasing returns for ETH stakers. In the protocol, ETH stakers receive a liquid staking token called eETH, which can be used in various DeFi protocols. It is important to note that ETHFI serves as the governance token for ether.fi.
At its core, ether.fi functions as a decentralized liquid staking platform, enabling users to stake ETH to support node operators and earn rewards. Notably, each validator created through the staking process is associated with a unique NFT that encompasses different characteristics of the validator and metadata storage capabilities. This innovative feature empowers developers with richer data sets, paving the way for the development of advanced staking infrastructure.
