Ether.fi Launches Third Phase of ETHFI Airdrop
Ether.fi, the largest liquid restaking protocol by total value locked (TVL), is kicking off the third phase of its ETHFI airdrop. This comes after Season 2 claims went live. The token saw a slight bump in price after the airdrop went live but then gave up its gains.
More on the Airdrop
- Seasons 1 and 2 distributed 11% of the total ETHFI supply.
- Season 3, running from July 1 to September 14, will distribute an additional 2.5%.
- Eligible users include holders of eETH or weETH and those who hold the Ether.fi NFT.
- This season introduces the “Perks Passport,” allowing stakers to earn dual rewards through Ether.fi’s partner protocols.
What is Ether.fi?
Ether.fi is a liquid restaking protocol. Users stake ETH and receive natively restaked eETH, which can be used on compatible DeFi protocols. This allows users to earn yield on their capital without sacrificing liquidity.
Ether.fi also features liquid vaults for eETH, ETH, and USDC to aggregate yields from partner protocols. It has an upcoming Ether.fi Cash feature, where users can load their Ether.fi balances onto a Visa card for in-store purchases.
With $6.65 billion in TVL, Ether.fi is currently the fifth largest protocol in DeFi.
