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Etherfi

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SEC Approves Ether ETFs, Sparking Major Investments

Originally Published 1 year ago — by CoinDesk

Featured image for SEC Approves Ether ETFs, Sparking Major Investments
Source: CoinDesk

Ether.fi has seen nearly $1 billion in ether deposits over the past ten days, driven by anticipation of a spot ether ETF approval in the U.S. This has boosted the protocol's total value locked to an all-time high of $5.4 billion. Ether.fi's CEO believes that ETF approval will increase awareness of Ethereum and smart contracts, and that staking could eventually be incorporated into ETF products. The protocol's native token, ETHFI, has surged 41% in the past week.

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"EtherFi Token's Volatile Debut and Airdrop Controversy"

Originally Published 1 year ago — by CoinDesk

Featured image for "EtherFi Token's Volatile Debut and Airdrop Controversy"
Source: CoinDesk

ETHFI, the governance token of Ether.Fi, debuted at $4.13 after being distributed via an airdrop and Binance Launchpad, but has since dropped by over 20%, trading at $3.60 on Binance with a trading volume of over $118 million in the first 45 minutes. The token has a fully diluted value of $3.6 billion, with a max supply of one billion tokens. Ether.Fi's total value locked has surged 117% in the last 30 days, approaching $3 billion, and offers restaking strategies for generating additional yield.

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