# How big is the potential of the ETHfi project in terms of staking?
49th project on Binance Launchpool – ether.fi (ETHFI). Built as a decentralized, non-custodial delegated staking protocol, ETHFI trading will begin on Binance starting March 18, 2024, at 12:00 (UTC).
For example:
- ETH holders want to earn more profits, they will bring ETH into liquid staking protocols to earn more profits (eg: Lido, Rocket, Yearn,...) => after staking in the above protocols, they will receive About LST token + interest: (LST token is like a debt paper representing the ETH I have staked into the protocol)
- Liquid restaking was born so that users can bring debt papers (LST tokens) into the Liquid restaking protocol and receive an additional debt paper called (LRT) + interest.
The initial LST amount you bring into the Liquid restaking protocol will be brought to the Restaking (EigenLayer) staking protocols for profit.
- LRTs received from Liquid staking protocols can participate in: Defi, provide liquidity, mortgage, borrow ETH and continue the loop as above. (APY will probably be quite high)
Detailed information about ETHFI on Launchpool:
- Token name: ether.fi (ETHFI)
- Total token supply: 1,000,000,000 ETHFI
- Launchpool token reward: 20,000,000 ETHFI (2% of total maximum token supply)
- Initial circulating supply: 115,200,000 ETHFI (11.52% of total maximum token supply)
- Smart contract details: Ethereum
- Staking terms: Compulsory completion of KYC process
- Hourly Hard Cap per user:
16,666.66 ETHFI in BNB pool
4,166.66 ETHFI in FDUSD pool
Supported pools:
➡️Stake BNB: Reward is 16,000,000 ETHFI (80%)
➡️ Stake FDUSD: Reward is 4,000,000 ETHFI (20%)
