"EtherFi Token's Volatile Debut and Airdrop Controversy"
Originally Published 1 year ago — by 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.