Whats EtherFi?
EtherFi is a decentralized, non-custodial staking protocol with a Liquid Staking Derivative token. It allows users to stake their ETH and earn rewards while maintaining control of their keys. One of the distinguishing features of ether.fi is that stakers generate and hold their own staked ETH keys, which enhances security and decentralization.
The protocol also includes an NFT mechanism where a unique NFT is minted for every validator launched via ether.fi. These NFTs can be traded in a liquidity pool, providing additional flexibility and earning potential for users.
In summary, ether.fi offers a secure and user-friendly staking experience for Ethereum enthusiasts, with an emphasis on decentralization and control for the stakers.