The Launch of Etherfi’s Crypto Token ETHERFI and the Accompanying Airdrop
Etherfi, a popular liquid restaking protocol on the Ethereum blockchain, is set to launch its own cryptocurrency ETHERFI, along with a parallel airdrop dedicated to early users of the platform. The new currency, which can be farmed through Binance Launchpool until 00:59 tonight, will be distributed among all holders of “Etherfi points” who have locked their ether on the protocol in recent months and received eETH in return. This airdrop could pave the way for other token distributions by restaking protocol ecosystems like Eigenlayer and Swell.
The Listing of Etherfi’s Crypto Token and Airdrop for Early Users
Tomorrow, the ETHERFI token of the liquid restaking platform Etherfi will be officially listed on Binance and major exchanges. As part of this listing, a small percentage of the new crypto supply will be distributed to Etherfi stakers who have locked their ETH recently. This move is expected to contribute to an increase in the Total Value Locked (TVL) of the project, which has seen a $2.9 billion growth since January.
- User participations are categorized based on the amount of ether deposited and the duration for which the coins remain locked.
- Points system in place where 1 “Etherfi loyalty point” equals a stake of 0.001 ETH for one day.
- These points will be converted directly into ETHERFI through an airdrop.
- Details of the airdrop, including tokenomics, allocation distribution, and eligibility verification process, are yet to be released by the Etherfi team.
- The value of Etherfi points in secondary markets ranges between $0.005 and $0.0017.
Other Restaking Projects with Potential Airdrops on the Horizon
Aside from Etherfi, other restaking protocols may surprise crypto farmers with upcoming airdrops in the following weeks. Eigenlayer stands out as one such project ready to airdrop millions worth of EIGEN tokens to protocol stakers based on their loyalty and participation using Eigenlayer points. Users engaging with Etherfi automatically qualify for Eigenlayer’s airdrop and receive additional benefits.
- Eigenlayer points are currently traded at around $0.2 per unit on Whales Market.
- With Eigenlayer’s TVL exceeding $12.3 billion due to increasing locked funds, anticipation for the token launch is high.
- To participate in Eigenlayer’s airdrop, depositing at least 3-4 ETH is recommended considering network fees.
Another noteworthy project is Swell, a liquid staking protocol expected to offer an exclusive airdrop to early users using “Pearls” as participation points that will likely convert into SWELL tokens during their TGE scheduled for April/May. While Pearls’ price is unknown as they are not listed on prediction markets like Whales Market, it is advisable to have some ETH at stake before attempting to claim Swell’s airdrop reward due to growing TVL and investor enthusiasm for such protocols.
Hot Take: Get Ready for Etherfi’s Airdrop Tomorrow!
As you prepare for Etherfi’s upcoming token launch and airdrop tomorrow, ensure you’ve met all eligibility requirements by holding Etherfi points from recent staking activities. Stay tuned for further announcements from the Etherfi team regarding specific details about the airdrop distribution process and how you can claim your share of ETHERFI tokens!
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