What is the current price of Ether.fi (ETHFI)?

The current price of Ether.fi (ETHFI) is 1.6056567071010353 AUD, representing a -18.49 from the day prior.

Can I buy Ether.fi (ETHFI) on Coinstash?

Yes - you can easily buy and sell Ether.fi (ETHFI) on Coinstash. Simply login or sign up, to start buying Ether.fi (ETHFI) in minutes.

Where is the best place to buy Ether.fi (ETHFI) in Australia?

The best place to buy Ether.fi (ETHFI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Ether.fi (ETHFI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Ether.fi (ETHFI)?

The trading volume of Ether.fi (ETHFI) is 320.1M AUD in the last 24hrs, representing a -18.49 from the day prior.

How can I buy Ether.fi (ETHFI)?

Ether.fi (ETHFI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Ether.fi (ETHFI)?

The current market cap of Ether.fi (ETHFI) is 535.3M AUD.

Can I convert Ether.fi (ETHFI) to cash?

Yes - With Coinstash you can convert your Ether.fi (ETHFI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Ether.fi (ETHFI) are there?

The current circulating supply of Ether.fi (ETHFI) is 327.8M.

Is Coinstash a safe place to buy Ether.fi (ETHFI) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Ether.fi (ETHFI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Ether.fi (ETHFI)

What is ether.fi?

Ether.fi (ETHFI) is a decentralised, non-custodial delegated staking protocol built on the Ethereum blockchain. It allows users to stake their ETH while retaining control of their private keys, addressing one of the core limitations of traditional custodial staking platforms.

A key innovation of ether.fi is eETH, a liquid staking token (LST) that users receive in exchange for staked ETH. This token can be used across various DeFi applications. Ether.fi also utilises NFTs (T-NFTs and B-NFTs) to manage validator nodes, offering transparency and traceability.

The protocol’s primary mission is to increase Ethereum staking participation while reducing centralisation risks. It does this through a non-custodial architecture and Distributed Validator Technology (DVT), which distributes control of validator keys across multiple parties, mitigating single points of failure.

How does ether.fi work?

Ether.fi is integrated into Ethereum’s Proof of Stake (PoS) consensus model, with key enhancements to improve decentralisation and security:

Blockchain: Built on Ethereum
Consensus Mechanism: Utilises Ethereum's native PoS, enhanced by delegated staking and DVT, which decentralises validator node operation.
Key Technologies:
- Distributed Validator Technology (DVT): Splits validator responsibilities across multiple operators to reduce risks of downtime or collusion.
- ECIES Encryption: Ensures secure key sharing among distributed validator participants.
- NFT Validator Management: Uses T-NFTs (representing validator slots) and B-NFTs (representing bonded ETH) for protocol transparency and flexibility.
Smart Contracts: Handle staking logic, validator registration, NFT issuance, and eETH liquidity management. All contracts are open-source and audited.

What are the potential use cases for ether.fi?

Ether.fi addresses several decentralisation and DeFi challenges through innovative staking and validator models.

Applications

Liquid Staking with eETH: Users earn staking rewards while maintaining liquidity through eETH, which can be used in other DeFi platforms.
Validator Decentralisation: Through DVT, node operations are more secure and distributed.
Restaking via EigenLayer: Allows stakers to restake eETH, providing security for emerging protocols.

Target Industries

Decentralised Finance (DeFi): Enables yield generation and composability in the Ethereum ecosystem.
Blockchain Infrastructure: Enhances validator diversity and network resilience.
Ethereum Ecosystem Security: Supports restaking and trustless node operations.

Partnerships

EigenLayer: Provides infrastructure for restaking.
Binance Launchpool: Used to distribute the ETHFI token in March 2024.
Community Comparisons: Frequently benchmarked against platforms like Lido and Rocket Pool.

What is the history of ether.fi?

Ether.fi was founded in 2022 by Mike Silagadze and Rok Kopp with the goal of creating a non-custodial staking system for Ethereum users. The founders envisioned a staking platform that empowers participants to retain key ownership while contributing to Ethereum’s network security.

Major Milestones

May 2023: Mainnet launch with delegated staking capabilities.
November 2023: Introduction of the eETH liquid staking token.
March 2024: Launch of the ETHFI governance token through Binance Launchpool.