Ether.fi

Ether.fi (ETHFI) is the governance token of Ether.fi, a decentralized finance protocol built around liquid staking on Ethereum. ETHFI gives holders a say in the direction of a platform that lets users stake ETH while keeping their capital liquid and usable across the wider DeFi economy.

What is Ether.fi?

Ether.fi is a DeFi protocol in the liquid staking sector. Traditional Ethereum staking locks ETH to help secure the network, but that capital then sits idle. Liquid staking solves this by issuing a tradable token that represents the staked position, so users continue earning staking rewards while deploying the same value elsewhere. Ether.fi has become one of the more prominent protocols pursuing this model, with an emphasis on non-custodial staking.

How does Ether.fi work?

When users stake ETH through Ether.fi, they receive a liquid staking token that accrues staking yield and can be used across DeFi. ETHFI itself is the protocol's governance asset rather than the staking receipt; it lets holders vote on parameters, incentives and treasury decisions. The protocol operates across multiple Ethereum-aligned networks, including Arbitrum, Base and Scroll, extending its reach beyond Ethereum mainnet. ETHFI was also distributed through a Binance Launchpool campaign.

• Non-custodial liquid staking that keeps staked ETH productive
• ETHFI holders govern protocol parameters and incentives
• Deployed across Ethereum, Arbitrum, Base and Scroll ecosystems
• Distributed in part through a Binance Launchpool program

Ether.fi tokenomics and supply

ETHFI has a maximum supply of 1 billion tokens. Around 927 million currently circulate against a total near 999 million, meaning most of the supply is already in the market with a small remainder still to be released. As a governance token, its value is linked to the growth and revenue of the Ether.fi protocol rather than to staking yield directly, since the staking rewards flow through the separate liquid staking token.

What is Ether.fi used for?

ETHFI is used to participate in protocol governance and to align incentives among stakers, liquidity providers and the community. The broader Ether.fi platform is used by people who want exposure to Ethereum staking rewards without giving up liquidity, and increasingly by those exploring restaking strategies that put staked ETH to work securing additional services.

Where to buy Ether.fi

ETHFI is listed on numerous major exchanges. Compare venues using our best crypto exchanges ranking, and because it operates across several networks, our best crypto wallets guide can help you select a wallet that supports the chain you plan to use for staking or governance.

Is Ether.fi a good investment?

ETHFI is tied to the fortunes of a competitive DeFi sector where liquid staking and restaking protocols vie for deposits. It has fallen substantially from its all-time high near 8.53, and governance tokens can be volatile and sensitive to protocol performance and smart contract risk. Approach any position with caution; this is general information, not financial advice.