DeFi
Ether.Fi Launches Season 2 of its ETHFI Token Airdrop
The Liquid re-staking protocol is now entering the third phase of its $ETHFI distribution campaign to users.
Ether.Fi, the largest liquid re-staking protocol by total value locked (TVL), is entering the third phase of its airdrop, after claims for its Season 2 went live.
The token rose 2% in the hours after the airdrop request went live, before giving up its gains and falling 4.6%. $ETHFI is down 71% since its launch day on March 18, after falling 21% over the past week, and now sits at a fully diluted value (FDV) of $2.2 billion.
ETHFI Price – CoinGecko
Seasons 1 and 2 represent 11% of the total token supply that Ether.fi plans to distribute to users. Users eligible for the airdrop include eETH or weETH holders, and holders of the ether.fan NFT.
Season 3 will run from July 1 to September 14 and will distribute an additional 2.5% of the token supply. The new season will also introduce the “Perks Passport,” which allows stakers to earn double rewards from Ether.Fi’s partner protocols.
Ether.Fi is a liquid staking protocol, where users stake ETH and receive natively staked eETH in return, which can be used in compatible decentralized finance (DeFi) protocols. Those using liquid staking protocols earn yield on their capital while accumulating points, in the case of protocols that run incentive programs, without sacrificing liquidity.
The protocol also offers liquid vaults for eETH, ETH, and USDC to pool yields from partner protocols, as well as its upcoming Ether.fi Cash feature, where users can load their Ether.fi balances onto a Visa card for in-store purchases.
Ether.fi currently holds $6.65 billion in TVL, making it the fifth-largest protocol in all of DeFi according to DeFiLlama.