Ether.fi is a decentralized, non-custodial protocol for delegated staking with the LSD (Liquid Staking Derivative) token.

The protocol is going to provide a decentralized non-custodial staking solution where stakers earn income from staked assets, and which encrypts the validator key. Validators, in turn, support the operation of the protocol, receiving in return income from auction fees, income from liquidity pool trading fees, and income from infrastructure services.

If you are interested in learning more about the technical side of the project, you can check out their documentation.

Team:

The founder (CEO) of the project is Mike Silagadze - the same one who founded and led Top Hat. The rest of the team members can be found here.

Investments:

• The project has raised $5.3 million from Arrington Capital, Arthur Hayes, North Island Ventures and other fund;
• The project has raised $27 million from CoinFund, ConsenSys, Arrington Capital, OKX Ventures and other fund.

Thoughts on the project:

The project is at the very beginning of development and has already attracted a good amount of investment from good funds and integrated with large re-staking aggregators and liquidity providers such as EigenLayer, Curve, Balancer and others. According to recent statements by the project team, a certain understanding has formed that their protocol token will be used and ether.fi users will be able to be rewarded for supplying liquidity. Now we have the opportunity to receive loyalty points for providing ETH to pools, most likely we will have the opportunity to receive rewards for the points accumulated during the provision of liquidity. Most likely, in the future these points can be exchanged for a native protocol token.

Providing liquidity to any protocol is inherently risky. When deciding to provide liquidity to a protocol, consider all possible risks. In the instructions below we will show you how to use the protocol to earn points.