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1. What is ether.fi airdrop?
1.1. What is ether.fi?
ether.fi is a native Liquid Restaking Protocol (nLRP), allowing users to stake ETH and receive the platform's native liquid restaking token, eETH, at a 1:1 ratio.
With eETH, users can continue to increase capital efficiency by using eETH to provide liquidity into supported ether.fi pools and receive rewards, including APR, APR restaking, points ether.fi bonus and EigenLayer bonus points .
In addition, ether.fi also provides node service, allowing users to register to run nodes to serve the platform's infrastructure and receive block rewards..
1.2. What is ether.fi airdrop?
ether.fi airdrop is an occasion where participants are granted free tokens. The eligibility criteria often include holding a specific cryptocurrency or completing certain tasks.
Recently, ether.fi airdrop has recently been launched on March 18, with 6% of the total supply of 1 billion tokens set to be allocated to users in the Season 1 airdrop, while the rest will be used for ether.fi's ecosystem development cooperation plan.
The Season 1 airdrop will be available to individuals who meet ether.fi's requirements, including: early adopter program participants, Ether.Fan NFT holders, protocol staking participants, and token holders. eETH and weETH tokens or provide liquidity for these two tokens, ether.fi badge holders, people who refer friends to the project. The Season 1 snapshot time is at 07:01 AM on March 15, 2024 (Vietnam time).
Eligible users will be able to claim the airdrop from March 18 until June 18. Unclaimed funds will be applied to the Season 2 airdrop, which will continue to use reward points to calculate user participation. Airdrop Season 2 is expected to distribute an additional 5% of the total ETHFI token supply, but a specific time has not been announced.
The https://t.co/gbHcksxzp2 DAO is coming on March 18th! Some quick hits and a 🧵
— ether.fi (@ether_fi) March 16, 2024
1. https://t.co/gbHcksxzp2 DAO launches March 18
2. Airdrop is live on 3/18. Check your ETHFI eligibility now at https://t.co/A5bDr0VuBR
3. 6% airdrop in Season 1 and 5% airdrop in Season 2
4.… pic.twitter.com/vTKmnYYHac
Moreover, just 2 days before the launching, Justin Sun, founder of the TRON network, deposited more than 480 million USD ETH into ether.fi to prepare for the ETHFI token airdrop event.
Justin Sun’s wallet got nearly 6% of the $ETHFI airdrop supply, nearly $20M
— Blur (@BlurCrypto) March 16, 2024
Top 500 wallets have about 85% total
Linear distribution advocates, remind me again how this is a good solution? pic.twitter.com/WgLWl9ipSy
In most airdrop cases, the organization's goal is either to boost liquidity or attract investors. The ether.fi airdrop has prioritized transparency to counteract participants applying with multiple addresses.
In response to heated opinions and community concerns over the airdrop distribution plan, ether.fi's founder, Mike Silagadze, has stepped forward to address this issue. He has pledged to implement necessary changes before the token distribution.
2. How to hunt ether.fi airdrop
It can be seen that the ether.fi platform offers a variety of rewards which create excitement in the community and encourage users to experience the platform. Users can participate in the ether.fi airdrop hunt through activities such as selling 2 ETH bonds to receive BNFT, participating in running nodes...
The simplest way for people with little capital is to mint eETH, the process follows these steps:
Step 1: Access ether.fi here.
Step 2: Connect the cryptocurrency wallet to the platform, currently ether.fi supports MetaMask and WalletConnect wallets.
Step 3: Stake ETH to ether.fi and receive eETH.
Step 4: Use eETH to provide liquidity to the Pendle pool or wrap eETH to receive weETH and provide liquidity to Term, Balancer, Gravita...
By staking ETH and providing liquidity into supporting platform pools, users will receive:
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APR
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Restaking APR
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Bonus points from ether.fi
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Bonus points from EigenLayer
According to the platform, the formula for calculating bonus points is as follows: Amount of ETH staked * 1000 * number of days staked
Note: Continuously update ether.fi activities on social network channels such as X (old Twitter) and the platform's official website to not miss any project announcements.
3. Crucial dates for the ether.fi airdrop
- Launch of the Claim Page
The initial vital date to remember is the unveiling of the claim page. This is the platform where participants will be able to claim their ETHFI tokens. Stay alert to news and updates from the ether.fi project to ensure you don’t miss this significant event. The claim page is your portal to obtaining your tokens, so be prepared to act when it becomes operational.
- Release of the Testnet
Before the primary distribution of ETHFI tokens, the project will launch its testnet. This is a noteworthy milestone as it enables users to test the functionality and performance of the ether.fi platform in a simulated setting. Keep an eye out for updates on the testnet release date, as it will offer valuable insights into the project’s progress and readiness for launch.
- Distribution of Tokens
The date that many participants are eagerly awaiting is the commencement of token distribution. This is when eligible users will receive their ETHFI tokens based on their involvement in the airdrop. The quantity of tokens you receive will be determined by various factors, including your tier level and the rules set forth by the ether.fi project. Monitor the distribution process closely to ensure a seamless claiming experience.
4. Conclusion
Undoubtedly, the announcement of the ether.fi airdrop has caused ripples in the crypto community, eliciting a range of responses from enthusiasm to wariness. As the event draws nearer, the community stays involved, exchanging thoughts and conjectures. Regardless of whether you’re an experienced investor or a novice exploring the field, the ether.fi airdrop is an occasion that has seized the community’s interest, offering both potential and fascination.
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