$ETHFI airdrop strategy ⚡️

Ether Fi is an LSD protocol, like Lido and Rocketpool.

Thread; how to potentially qualify for a Ether_Fi airdrop 🪂

1/8

What is Ether Fi?

A Liquid Staking Solution. You stake your ETH, and accrue interest rewards derived from Node operators securing Ethereum.

You can learn more about how it works technically:

🔗 etherfi.gitbook.io/etherfi/getting-started/introduction

2/8

In their latest medium article, they explicitly say "No token"

They've also tweeted about it.

3/8

In the other hand, within their docs, they explicitly also say

"Governance

In the works ..."

"EtherFI DAO"

"ETHFI Token"

So not sure which one is correct here

4/8

Ether Fi also has an "Early Adopter Program".

They are rewarding points to users that stake.

There was a snapshot taken in April, and they say there is a second coming soon.

No relation between these points to any token or airdrops so far. This is speculation.

5/8

What is the strategy?

Stake your ETH, rETH, stETH, or frax ETH: 🔗 mainnet.ether.fi/eap

They accept any of those tokens as deposits.

They also have 35M of TVL in their contract: 🔗 etherscan.io/address/0x7623e9dc0da6ff821ddb9ebaba794054e078f8c4

6/8

Risks?

This is a new protocol, it comes with smart contract risks.

It has been audited by Certik and Zellik: 🔗 etherfi.gitbook.io/etherfi/security/audits

I would only use funds that you can afford to lose.

7/8

Funding?

They have received 5.3M USD in funding, according to Crunchbase.

Seed round 💰

8/8

Not for United States users.

Directly, at least.

Sorry friends, I don't believe they would do this if they could prevent it.

I will update when there is news ⚡️