Ether.fi (ETHFI) is the governance token for the ether.fi protocol, a decentralized staking protocol built on the Ethereum blockchain. Its primary function is to empower the DAO (Decentralized Autonomous Organization) community to manage and make crucial decisions about the protocol and its future direction.
Key aspects of the ether.fi protocol:
* Liquid Restaking: Ether.fi allows users to stake their ETH and receive a liquid restaking token called eETH. This eETH can then be used in other DeFi protocols, maximizing capital efficiency and earning additional rewards
