OKX, a leading cryptocurrency exchange platform, has announced plans to list ether.fi (ETHFI) on spot trading markets, marking a significant development in the crypto space.
OKX Announces to List Ether.Fi (ETHFI) for Spot Trading
The listing of ETHFI brings a new dimension to the platform’s offerings and opens up opportunities for traders and enthusiasts alike.
According to the announcement made by OKX, the listing of ETHFI will follow a structured schedule to ensure a seamless trading experience for users. The program is as follows:
ETHFI Deposit Opening: It will start at 06:00 Turkey time on March 15, 2024.
ETHFI/USDT Spot Trading Launch: Scheduled on March 18, 2024 at 15:10.
ETHFI Withdrawal Opening: Will start at 13:00 on March 19, 2024.
Ether.Fi, the protocol behind ETHFI, is a new staking platform designed specifically for Ethereum.
In particular, deposits made to Ether.Fi are automatically re-staking with Eigenlayer, a system that reuses staked ETH to power external systems such as rollups and Oracles, thus improving the economic security layer.
This process provides higher returns for ETH stakers. In exchange for their deposits, users receive eETH, a liquid staking token that can be used across various decentralized finance (DeFi) protocols. ETHFI serves as the governance token of Ether.Fi.
The basic details about ether.fi (ETHFI) are as follows:
Entity Name: ether.fi
Ticker: ETHFI
Maximum Supply: 1,000,000,000
Contract Address: 0xFe0c30065B384F05761f15d0CC899D4F9F9Cc0eB
*This is not investment advice.