Dear Users,
Binance Launchpool has launched its 49th project – ether.fi (ETHFI), a decentralized, non-custodial delegated staking protocol.
Key Participation Details
- Staking Period: March 14, 2024 (08:00 UTC+8) to March 18, 2024 (07:59 UTC+8)
- Supported Pools: Stake BNB or FDUSD to earn ETHFI rewards over 4 days.
- Total Reward Pool: 20,000,000 ETHFI (2% of max token supply).
Project Overview
ether.fi (ETHFI)
- Max Token Supply: 1,000,000,000 ETHFI
- Initial Circulating Supply: 115,200,000 ETHFI (11.52% of total)
- Blockchain: Ethereum
- Research Report: Available within 1 hour of this announcement.
Staking Pools Allocation
| Pool | Reward Allocation | Daily Cap (ETHFI) |
|------------|-------------------|-------------------|
| BNB | 16,000,000 ETHFI (80%) | 4,000,000 ETHFI |
| FDUSD | 4,000,000 ETHFI (20%) | 1,000,000 ETHFI |
👉 Learn how to maximize your staking rewards
Trading & Listing
Binance will list ETHFI on March 18, 2024 (20:00 UTC+8) with the following pairs:
- ETHFI/BTC
- ETHFI/USDT
- ETHFI/BNB
- ETHFI/FDUSD
- ETHFI/TRY
Note: Trading follows Seed Tag rules.
Participation Rules
- KYC Required: Users must complete identity verification.
Hourly Caps:
- BNB Pool: 16,666.66 ETHFI/hour
- FDUSD Pool: 4,166.66 ETHFI/hour
- Automatic Redemption: Unclaimed rewards and staked assets return to spot accounts post-mining.
Restricted Regions: Australia, Canada, Cuba, Crimea, Iran, Japan, Netherlands, North Korea, Syria, USA (including territories), Ukraine (non-government-controlled areas), and others.
👉 Check eligibility for global crypto opportunities
FAQ
1. How are rewards calculated?
Rewards are based on hourly snapshots of your average holdings.
2. Can I stake both BNB and FDUSD?
Yes, but rewards are calculated separately per pool.
3. When can I withdraw staked assets?
Assets can be redeemed anytime or auto-returned when the pool ends.
4. Are BNB rewards affected by other Launchpool projects?
BNB holdings are evenly distributed across concurrent projects unless specified.
5. What happens if my country is restricted?
You cannot participate; check the updated list for changes.
Final Notes
- No Pre-Sales: Beware of scams offering early ETHFI sales.
- Dynamic Adjustments: Staking APRs update in real-time based on pool liquidity.
Stay informed with Binance’s official channels for updates.
Last Updated: March 12, 2024