EtherFi also revealed its tokenomics for the first time.<\/p>\n
EtherFi, the leading liquid restaking protocol, has announced that its highly-anticipated airdrop will take place on March 18.<\/p>\n
On March 16, the project\u00a0announced<\/a>\u00a0that eETH users, EtherFi points holders, EtherFans NFT holders, and solo Ethereum stakers will be able to claim a portion of 6% of ETHFI\u2019s total supply from March 18, with claims closing 90 days later. EtherFi’s total supply is capped at one billion tokens.<\/p>\n The launch of EtherFi\u2019s token and DAO will coincide with the asset debuting on the Binance centralized exchange, with Binance\u00a0Launchpool farmers<\/a>\u00a0also receiving 2% of ETHFI\u2019s supply. Roughly 11.5% of the token\u2019s total supply is set to enter supply at launch. <\/p>\n \u201cThe EtherFi Foundation is thrilled to announce the launch of the ETHFI token, signaling the next major step in decentralization of the EtherFi protocol,\u201d the project\u00a0tweeted<\/a>. \u201cETHFI token allocations aim to promote long-term, deep engagement in key governance decisions toward the continued success of the EtherFi protocol.\u201d<\/p>\n <\/p>\n The team added that a second airdrop season will distribute 5% of the token to users at a later date. EtherFi will add any unclaimed tokens from the first drop to the second season\u2019s allocation.<\/p>\n EtherFi is the leading liquid restaking token (LRT) provider, currently boasting a total value locked of $2.9 billion and ranking as the 11th-largest DeFi protocol overall, according to DeFi Llama.<\/p>\n EtherFi currently holds more than 800,000 ETH, with roughly 250,000 wallets staking Ethereum via its protocol.<\/p>\n EtherFi said its token will accrue value in addition to facilitating governance participation. The project set to launch its first governance proposal outlining plans for a value accrual mechanism soon.<\/p>\n EtherFi also\u00a0revealed<\/a>\u00a0its tokenomics for the first time, with 11% earmarked for user airdrops, 32.5% going to investors, 23.26% allocated to core contributors, EtherFi\u2019s treasury taking 27.24%, and EtherFi Foundation partners set to receive 6%.<\/p>\n Investors\u2019 tokens are subject to a two-year vesting schedule, while 1% of the Treasury allocation will go to the\u00a0Ethereum Protocol Guild<\/a>\u00a0\u2014 a collective of core Ethereum developers. EtherFi will distribute the entire supply for its token before the end of 2030.<\/p>\n The majority of tokens earmarked for foundation partners will enter circulation alongside the season one airdrop allocation at launch.<\/p>\n <\/p>\n