Binance announces ETHFI Launchpool farming as EtherFi\u2019s first points campaign wraps up.<\/p>\n
EtherFi, the leading liquid restaking protocol, has moved its token generation one month ahead of schedule, with Binance announcing plans to list the token on March 18.<\/p>\n
On March 12, Binance\u00a0announced<\/a>\u00a0that the ETHFI token would become the first 49th project onboarded to its Launchpool platform.<\/p>\n The campaign will distribute 2% of the ETHFI token\u2019s maximum supply to users who stake either Binance\u2019s BNB token or the FDUSD stablecoin over four days starting March 14. BNB stakers will receive 80% of available tokens, with 20% going to FDUSD stakers.<\/p>\n Binance will then list the ETHFI token on its main exchange from March 18, initially hosting pairings against USDT, FDUSD, BTC, BNB, and TRY. Binance said 11.52% of ETHFI\u2019s supply will circulate at the time of listing.<\/p>\n <\/p>\n The Launchpool campaign is set to kick off less than one day before the conclusion of the first season of EtherFi\u2019s points campaign, which incentivizes early eETH adopters with\u00a0points<\/a> distributions. Points holders will receive up to 6% of ETHFI\u2019s supply via an upcoming airdrop.<\/p>\n EtherFi is the leading liquid restaking protocol with a $3 billion total value locked (TVL) after growing more than 2,800% since the start of 2024, according to DeFi Llama.<\/p>\n Liquid restaking protocols<\/a> offer users exposure to both Ethereum staking rewards and\u00a0EigenLayer<\/a>, the pioneering restaking protocol, without requiring users to lock up their assets. EigenLayer allows users to earn additional yield on top of staking rewards by validating both the Ethereum network and third-party actively validated services.<\/p>\n Liquid staking protocols now a nearly $7 billion TVL, while EigenLayer has ballooned to $12.3 billion.<\/p>\nEtherFi expedites roadmap<\/h2>\n