This article provides a brief introduction to the liquid staking protocol ether.fi's liquid staking token, eETH, as presented by Founder & CEO Mike Silagadze.

EtherFi launches eETH: a new liquid staking token on Ethereum

The below transcript has been edited for clarity.

Recently, EtherFi introduced eETH, its new liquid staking token on the Ethereum blockchain, bringing some unique features to the forefront of staking protocols.

Key features of eETH:

eETH is notable for two main reasons. Firstly, it adopts a non-custodial approach, allowing stakers to retain control over their keys, a distinct difference from other staking protocols where node operators usually control the keys. Secondly, eETH offers automatic restaking. This means that users holding eETH can accumulate staking and restaking rewards, including loyalty points from both ether.fi and EigenLayer, without needing to take additional steps.

Performance since launch:

The launch of eETH occurred on November 15th and has seen significant engagement, with around $50 million in ETH staked since then.

Native restaking

eETH's integration with EigenLayer and other restaking protocols ensures that it is automatically restaked. This process is seamless for the user, requiring no additional action. Furthermore, eETH can be used in various DeFi protocols, increasing its utility within the ecosystem.

Loyalty points

Users can acquire eETH by minting it on ether.fi 1:1 with ETH. The process is straightforward, with the option to purchase eETH from exchanges if it trades below its peg value.

Holding eETH enables users to accumulate both ether.fi and EigenLayer loyalty points. These loyalty points do not expire, and are visible on the ether.fi platform.

ether.fi is enthusiastic about the future of eETH and encourages users to participate in this new staking opportunity. For those interested in staying updated with ether.fi’s developments, follow their Twitter or join their Discord.

Explore ether.fi's dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/angle

Mike on X (Twitter): https://twitter.com/MikeSilagadze

ether.fi on X (Twitter): https://twitter.com/ether_fi

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