Ether.fi (ETHFI): The 49th project on Binance Launchpool – X100 Investment Odds

Ether.fi (ETHFI): The 49th project on Binance Launchpool – X100 Investment Odds

In a demonstration of ongoing innovation within the DeFi industry, Binance, a prominent global cryptocurrency exchange, has unveiled the 49th project on its Launchpool platform: ether.fi (ETHFI). This decentralized, non-custodial delegated staking protocol offers users the chance to participate in staking and farming endeavors, thereby broadening the horizons within the cryptocurrency landscape.

Users will stake their BNB and FDUSD into separate pools to farm ETHFI tokens over a four-day period, starting exactly at 00:00 UTC on March 14, 2024.

After the farming phase, Binance will list ETHFI at 12:00 UTC on March 18, 2024, offering users various trading pairs, including ETHFI/BTC, ETHFI /USDT, ETHFI/BNB, ETHFI/FDUSD and ETHFI/ TRY.

Key details of the ETHFI Launchpool include:

  • Token name: ether.fi (ETHFI)
  • Maximum token supply: 1,000,000,000 ETHFI
  • Launchpool Token Reward: 20,000,000 ETHFI (2% of max supply)
  • Initial circulating supply: 115,200,000 ETHFI (11.52% of maximum supply)
  • Smart contract details: Ethereum
  • Staking terms: KYC required
  • Hourly hardcap per user:
    • 16,666.66 ETHFI in BNB pool
    • 4,166.66 ETHFI in FDUSD pool

Launchpool will have two supported pools:

  1. Stake BNB: Users can stake their BNB to farm ETHFI, with 16,000,000 ETHFI allocated as rewards (80%).
  2. FDUSD Staking: FDUSD Hodlers can participate in staking activities, with 4,000,000 ETHFI reserved for rewards (20%).

The farming period will last from 00:00 UTC March 14, 2024 to 23:59 UTC March 17, 2024 (6:59 March 18 Vietnam time) . During this time, users can participate in staking activities to earn ETHFI tokens based on their contributions.

This distribution mechanism ensures fair and transparent reward distribution to participants throughout the farming period.

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