Simplify the complex and explain#EtherFiin 10 sentences [Liquid restaking boss]
1. Your keys, Your crypto: Etherfi’s non-custodial, decentralized entrusted pledge agreement. The core point is that the user controls the private key, not the node operator.
2. Investors: It recently completed a $23 million Series A round of financing, led by Bullish Capital and CoinFund, and also attracted participation from well-known investors such as Consensys, OKX Ventures and Draper Dragon.
3. Early supporter: A project supported by BitMEX co-founder Arthur Hayes, with investment from Arthur Hayes Family Office Fund Maelstrom
4. Team: Founder Mike Silagadze, also CEO of quantitative DeFi fund company Gadze Finance, and founder of Canadian higher education platform Top Hat (2021 Series E financing of US$130 million)
5. Staking mode: Etherfi launched the eETH token, which supports automatic re-staking on EigenLayer to provide users with additional rewards.
6. Total Locked Value (TVL): Etherfi occupies a leading position in the Liquidity Staking Protocol (LRT). Etherfi’s TVL is from 3 billion US dollars, while the same track Puffer is 1.3 billion US dollars.
7. The LRT protocol allows pledged assets to be withdrawn from the original route without loss, avoiding the slippage and loss of withdrawal through the LP pool exchange. Puffer exchanges for a horse with higher losses in Curve.
8. Binance Launchpool is online: Etherfi will be online on Binance Launchpool from March 14 to 17, 2024. Binance plans to officially list ETHFI and open trading on March 18, 2024.
9. Maximum token supply: 1,000,000,000 ETHFI, Binance Launchpool token reward: 20,000,000 ETHFI, accounting for 2%, initial circulation: 115,200,000 ETHFI, accounting for 11.52% of the maximum token supply
10. The average BNB mining income is 135% annualized, and the low value is 70% annualized. Based on 4 days of mining, the price range is about 4.1-6.3 US dollars.
Liquid restaking project collection
https://defillama.com/protocols/liquid%20restaking
