Chapter 1: Introduction to EtherFi

Ether.fi is an innovative decentralized platform that offers a non-custodial delegated staking protocol along with a Liquid Staking Derivative token. A key feature of ether.fi is that it enables stakers to retain control over their private keys. Furthermore, the platform facilitates the development of a marketplace for node services, allowing both stakers and node operators to register nodes for infrastructure services. Revenue generated from these services is shared among stakers and node operators, enhancing the ecosystem's attractiveness.

The protocol is set to integrate with EigenLayer, further expanding its node service capabilities.

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Funding Overview

Ether.fi has successfully raised a total of $5.3 million over a single funding round, which was a Seed round completed on February 28, 2023. The project is backed by seven investors, with Arrington Capital and Version One Ventures being the most notable.

Token Confirmation

The governance token for Ether.fi, known as $ETHFI, has been officially confirmed. Details can be found in their whitepaper, which highlights decentralization as a primary goal.

How to Qualify for the Airdrop

#### Method 1: Direct Deposit

To participate in the airdrop, you can deposit ETH directly on EtherFi. The Early Adopter program is currently available, offering an opportunity to be among the first users and increasing your chances of qualifying for future airdrop rewards.

2. Deposit ETH using the Ethereum mainnet.
3. The minimum deposit amount is 0.1 ETH.

Once completed, you will have successfully deposited ETH on EtherFi, positioning yourself for potential airdrop rewards.

Method 2: Combined Approach

This method may allow you to qualify for airdrops from both Metamask and EtherFi. It involves additional Ethereum transactions, leading to higher gas fees, but can save ETH by leveraging the amount used in Metamask.

Here’s how it works:

1. Stake ETH on Metamask's staking aggregator to receive stETH.
2. Swap stETH for wstETH using the Metamask swap aggregator.
3. Finally, deposit wstETH on EtherFi.

Withdrawal Policy

You can withdraw your funds at any time without incurring penalties, though you may forfeit any bonus points.

For the combined method, you should stake approximately 0.11 ETH on Metamask. As you swap stETH to wstETH, you will receive around 0.1 wstETH in return (the value remains the same, but the token quantity decreases). If you prefer not to use this combined method, simply deposit over 0.1 ETH on EtherFi.

Update

EtherFi has transitioned to ether.fan, a platform where users can stake their ETH and mint fan NFTs, unlocking a plethora of rewards and exclusive benefits.

Conclusion

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For those interested in the latest opportunities, check out the following videos:

This video discusses the EtherFi Airdrop Season 2, detailing how to maximize your chances of receiving rewards.

Learn more about the EtherFi Season 2 Airdrop Guide in this informative video, which outlines the steps necessary to qualify for rewards.

Keep exploring these opportunities and stay updated on the latest trends in cryptocurrency!