$ETH staking protocols will be the real big things 🪂 in 2024 and these 2 are top with high potential.

Keep Reading for a chance to be EARLY 🐦 / GIVEAWAY

🧵A-Thread by #AlphaInsiders🕵️⚡️

🔴 Dont Farm Airdrops

• Disclaimer

ether.fi is a decentralized, non-custodial delegated staking protocol with a Liquid Staking Derivative token. One of the distinguishing characteristics of ether.fi is that stalkers control their keys.

The ether.fi mechanism also allows for the creation of a node services marketplace where stakers and node operators can enroll nodes to provide infrastructure services and the revenue from these services is shared with stakers and node operators.

OK, here is the deal like any other staking protocol (in this case with no governance token) they have some kind of pointing system that can (will) lead to getting an Airdrop (if/when happens). You saw it already on @swellnetworkio (Pearls) or @eigenlayer

You could collect/earn loyalty points by simply staking your $ETH and minting an NFT, The more and longer you hold the more points you could earn.

As you can see these points going to be very important 🪂

• More details: https://twitter.com/ether_fi/status/1722547844316598691

When a user stakes their assets, they receive an equivalent amount of Liquid Staking Tokens. These LSTs can then be traded, sold, or used in other DeFi protocols, providing liquidity to the staker even while their original assets remain staked.

In addition to the benefits stated above you can now stake the LST you got from staking on Protocol A you get to Stake the LST on Protocol B and earn from 2 places or be eligible for 2 Airdrops.

This is a great opportunity we saw pools on @eigenlayer getting filled in hours if not minutes when they open / FYI they have reached $256.31m TVL according to @DefiLlama

Now What if I tell you there is still a way to benefit from both ether.fi & Eigen Layer!

@ether_fi $eETH launch coming November 15th

ether.fi is launching eETH, a Liquid Staking Token (LST) that will allow users to stake their ETH to accrue staking rewards and automatically restake their ETH in EigenLayer.

The limits only exist for LST's that are looking to restake the LST into EigenLayer (stETH, rETH, cbETH)

EigenLayer isn't finalized for active validators, so reward estimates are uncertain. BUT Ether fi will distribute rewards to early depositors in the protocol.

● No need to restake ETH on EigenLayer / All handled by ether fi - Same for ether.fan holdings

● You are still able to use eETH anywhere DeFi

● eETH will later come on L2

● More ecosystem partners will add support of $eETH

● You can migrate my loyalty points attached to your ether.fan to your eETH deposits

● ether.fan holders who have held their ether.fan 6 months from the initial mint date will no longer pay a burn fee.

Upon the mainnet launch on November 15th, 2023, you can mint eETH using the ether.fi Dapp. Just stake your ETH as with other liquid staking protocols, and you'll receive eETH in return.

@ether_fi raised $5.3M in a seed funding round and yet before launching its LST they reached +35M TVL and @eigenlayer have raised almost 65M in 2 rounds and have +256M TVL. Both projects got no native/governance token yet 🧠

You can apply to be WL for minting here https://app.ether.fi/ Keep an eye on their social or discord server for updates and opportunities. https://discord.gg/HGeDUn8EeP If you already deposited ETH and Minted NFT of Ethe Fan you don't need to do anything

Thrilled to announce that all 0500AM NFT Holders will be WLed for $eETH launch on Nov 15th. 0500AM NFT forever will be your key to early access to top projects.

More to come

nft://1/0x4478260Da07FD1dbFaBa4B55FD5d24B32ef8a6a8/?showBuying=true&showMeta=true

But in celebration of the coming launch, we will also giveaway 10 WL spots among the users who Like and RT the first post.

Another giveaway will be held on Debank / Make sure to follow

DeBank | Your go-to portfolio tracker for Ethereum and EVM

Your go-to portfolio tracker for Ethereum and EVM

https://debank.com