Not just another decentralized app, EtherFi opens the door to a more inclusive world of ETH staking and restaking without the barrier of fees or complexity to contribute to the power and decentralization of Ethereum.
Ether.fi (ETHFI) crypto asset is now listed on INDODAX on the ERC-20 network.
Interested in Ether.fi (ETHFI) and how to buy it? Learn more before investing by reading below!
About Ether.fi (ETHFI)
EtherFi is a decentralized application (DApp) that provides flexible services for staking and restaking ETH, helping users optimize their investment while contributing to Ethereum’s security and decentralization.
EtherFi offers various options for staking and restaking ETH at more affordable costs than the typical requirement of staking 32 ETH. Most staking alternatives on the EtherFi platform are non-custodial, allowing users to control their funds by owning the keys.
Therefore, EtherFi addresses the high-cost issue of participating in Ethereum staking while providing benefits such as increased flexibility and greater user control over their funds.
For more information, visit the official website of Ether.fi (ETHFI) at https://www.ether.fi/
Challenges, Opportunities, and Utilities
EtherFi was created to address several issues with the conventional Ethereum staking system. The conventional staking system requires a minimum of 32 ETH to participate, which is a large sum for most staking enthusiasts.
Additionally, most staking platforms operate in a custodial manner where users lose control over the keys to their funds. The conventional staking model is rigid as it only accepts staking 32 ETH at once.
To solve these problems, EtherFi offers more affordable and flexible staking and restaking options for ETH in a non-custodial manner, such as staking as low as 0.001 ETH.
By doing so, EtherFi aims to make Ethereum staking more affordable and flexible and give users full control over their funds.
In its development, ETHFI’s advantages include:
- It offers various more flexible staking and restaking options for ETH at more affordable costs, such as staking as low as 0.001 ETH.
- Most of its services are non-custodial, giving users full control over the keys to their funds.
- It supports solo staking without the 32 ETH requirement through distributed validator key technology (DVT).
- It provides restaking services through EigenLayer for earning additional rewards.
$ETHFI is the native utility and governance token for the Ether.Fi protocol. The community uses it to govern key aspects of the protocol, including:
- The Ether.Fi treasury
- Key protocol upgrades
- Protocol fees and distributions
Founder and Investor of Ether.fi (ETHFI)
Mike Silagadze is the founder and CEO of Ether.fi.
With fundraising of $32.32M, ETHFI is backed by investors and venture capitals such as CoinFund, Bullish, OKX Ventures, Arrington XRP Capital, etc.
Crypto Asset Ranking Information
As of April 1, 2024, the CoinMarketCap ranking of Ether.fi (ETHFI) is #124, with a market cap of USD 755,291,315. It has a circulating supply of 115,200,000 ETHFI and a maximum supply of 1,000,000,000 ETHFI.
How to Buy Ether.fi (ETHFI) on INDODAX
Now that you’ve discovered more about Ether.fi (ETHFI), you can start investing in Ether.fi (ETHFI) easily and securely on INDODAX.
You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.
To buy Ether.fi (ETHFI) crypto asset on INDODAX, follow the steps below:
- Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
- Then, deposit by reading how to make a deposit below
- After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
- Search for ETHFI in the IDR market, and click to visit the crypto asset page
- On the crypto asset page, enter the balance and desired ETHFI purchase price, or buy instantly at the current price
- Next, you should wait for the price to increase for some time
- Once the price increases, your assets can be sold at a higher price with the Instant method
- If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number
INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.
Let’s invest in Ether.fi (ETHFI) on INDODAX now!
