Etherfi, a widely known liquid restaking protocol on the Ethereum blockchain, will launch its personal crypto ETHERFI tomorrow with a parallel airdrop devoted to the platform’s early customers.
The brand new forex, farmable alternatively by means of Binance Launchpool till 00:59 tonight, will probably be distributed amongst all holders of “Etherfi factors” who in latest months have locked their ether on the protocol receiving eETH in change.
This airdrop may open the doorways to different token distributions by the restaking protocol ecosystem, equivalent to Eigenlayer and Swell.
Beneath are all the small print on confirm your eligibility for Etherfi and prepare for the upcoming airdrops.
The itemizing of the crypto Etherfi is accompanied by an airdrop to early customers who’ve used the restaking protocol
Tomorrow the ETHERFI token of the homonymous liquid restaking platform will probably be formally listed on Binance and main exchanges, with the possible simultaneous airdrop for protocol stakeholders.
On this initiative, a small proportion of the provision of the brand new crypto will probably be distributed to Etherfi stakers who’ve locked their ETH in latest months.
contributing to extend the TVL of the challenge (+2.9 billion {dollars} because the starting of January).
Person participations are labeled based mostly on the quantity of ether deposited and the time the identical cash stay locked, and are counted by means of a factors system, the place 1 “Etherfi loyalty level” corresponds to a stake of 0.001 ETH for someday.
These factors will probably be transformed straight into the ETHERFI crypto by means of an airdrop, and will probably be redeemable presumably ranging from tomorrow.
The Etherfi workforce has not but launched particulars of the airdrop: so let’s keep watch over challenge’s account X to see if extra info equivalent to tokenomics of the brand new crypto, allocation distribution, web site to examine your eligibility and make the declare will probably be revealed by tomorrow.
In the intervening time we nonetheless have no idea how a lot the financial prize of this airdrop corresponds to, however based mostly on the info current on the prediction market “Whales Market”, we will see how Etherfi factors are traded within the secondary market at a value ranging between 0.005 and 0.0017 {dollars}.
Clearly the precise worth of the factors may range, but it surely may plausibly fall inside the described vary.
The ETHERFi itemizing, as already anticipated, was supported by the Binance Launchpool, the place much less skilled customers had the chance to farm the brand new crypto in another manner, nonetheless acquiring a decrease yield in comparison with what the airdrop hunters will obtain.
Given the recognition of the protocol and its exponential development recorded in latest months, with billions of {dollars} pouring into the protocol with a view to generate extra yield past the ETH stake and an opportunity to additionally earn the airdrop.
We count on a distribution of tokens worthy of observe, which can absolutely be appreciated by the Ethereum neighborhood.
The CEO of Etherfi, in a latest interview with The Defiant, acknowledged that though an in depth breakdown of how the tokens will probably be distributed has not but been outlined, customers will probably be glad with the result.
Different restaking tasks with doable airdrop on the horizon
Along with Etherfi, the panorama of restaking protocols may maintain many extra surprises for crypto farmers, with a number of airdrops on the horizon within the coming weeks.
To start with Eigenlayer positions itself because the undisputed king of this development, able to airdrop hundreds of thousands of {dollars} value of EIGEN tokens to protocol stakers.
Additionally on this case, the distribution marketing campaign of the brand new crypto follows a factors system (Eigenlayer factors) that rewards customers based mostly on their loyalty and participation.
It’s value noting that by utilizing Etherfi, you robotically qualify for the Eigenlayer airdrop, even benefiting from a lift in incomes factors.
These are traded upfront on Whales Market at a value of about 0.2 {dollars} per unit.
Contemplating the TVL skyrocketing for this protocol, with locked funds lately reaching the insane quantity of 12.3 billion {dollars}, we will assure that the launch of the brand new EigenLayer token will go down in historical past.
If you wish to take part within the airdrop, you should still be in time to deposit your ETH or your liquid counterparts to earn sufficient factors for a superb airdrop, however we advise towards taking part with a small measurement contemplating additionally the excessive community charges.
Indicatively, the minimal quantity value taking part is 3-4 ETH.
TVL chart on EigenLayer
One other challenge on this class to keep watch over is Swell, a liquid staking protocol on which buyers count on a devoted airdrop for early customers.
Even in Swell, neighborhood participation is calculated within the type of factors, this time known as “Pearls“, which can possible be transformed into SWELL tokens on the anticipated TGE in April/Could.
These “Pearls” will not be listed on prediction markets like Whales Market, so we can not outline a reference value.
Additionally on this case we advise towards attempting to acquire the airdrop reward if we shouldn’t have a minimum of some ETH to place at stake.
Anyway, judging from the quickly rising TVL like the remainder of the restaking sector and the keenness of buyers for any such protocol, we will already say that Swell’s airdrop will probably be among the best of 2024.
TVL chart on Swell, DefiLlama