- Ether.fi launches its ICO, raising $5.3 million with 76 days to go.
- A decentralized, non-custodial protocol offering a token for Liquid Storage Derivatives (LSD).
- Inspired by DeFi pioneers like RocketPool and Lido, with a focus on decentralization and community.
- Features include staking delegation, liquidity pooling, and innovative contract services.
- It was founded by Mike Silagadze with the aim of revolutionizing staking with a sustainable model.
Ether.fi is emerging as a leading protocol in the decentralized finance (DeFi) space. The solution offers a delegated, non-custodial storage solution complemented by Liquid Storage Derived (LSD) code. With an ongoing ICO sale that has already raised $5.3 million, Ether.fi stands on the shoulders of giants, recognizing the contributions of DeFi pioneers like RocketPool, StakeWise, Diva, and Lido. She also strives to continue her steps. Decentralization, a non-custodial ethos, sustainability and alignment with community interests are among its goals.
DeFi Blueprint: Staking, NFTs, and Liquidity
The founding team designed this platform around the key stakeholders: stakeholders, node operators, and users of the node services. It also features a clear roadmap that includes delegated staking, liquidity pool, and contract services. In the delegated signing phase, stakeholders with 32 ETH can participate in the auction mechanism for node operator assignments. For their efforts, they will receive a staking vault and two NFTs (T-NFT and B-NFT) that play crucial roles in the staking process. B-NFT, in particular, acts as a deductible to reduce insurance, offering an innovative approach to generating revenue and protecting stakeholders.
For those who have less than 32 ETH, Ether.fi also offers the opportunity to mint Ethereum by contributing to the liquidity pool. Moreover, it allows users to participate in staking with flexible liquidity options. This comprehensiveness makes Ether.fi more attractive, as well as accessible to a wider range of investors.
Ether.fi expands with NFT-based node services
The platform also plans to expand into contract services, a speculative but promising phase aimed at registering nodes for services through NFT metadata parameters. Additionally, this phase highlights Ether.fi's ambition to simplify staking operations and, at the same time, enhance the overall utility and functionality of the DeFi ecosystem.
ICO gains support Ether.fi's bold future
Mike Silagadze, an experienced businessman with a vision for the future of cryptocurrencies, is the founder of this project. With $5.3 million already raised and strong support from notable investors like North Island Ventures and Chapter One, Ether.fi looks set for a major launch on March 4 at ETHDenver. The company will use the funds to expand the engineering team and establish strategic partnerships.
As the ICO sale continues, with 76 days left on the clock, Ether.fi promises a new era of staking. It also embodies the dynamic and innovative spirit of the DeFi community. With a minimum stake of 32 ETH and a broad coalition of 35 investors, Ether.fi is set to redefine what is possible in decentralized finance, making it a project to watch in the coming months.
