On October 15, Ether.fi will debut its staking rewards, making it worthwhile for weETH and eETH holders to engage with the platform.
In Brief
Users who possess weETH or eETH will soon be able to earn incentives through staking and restaking activities, alongside points for Season 4, all thanks to Ether.fi's new program.
This protocol focuses on non-custodial delegated staking, Ether.fi and has confirmed that staking rewards will start being issued on October 15, allowing those who hold weETH or eETH to benefit from staking, restaking, and Seasonal rewards, all in the form of Ether.fi points.
The inaugural distribution of LRT² tokens is set for every Thursday, and these tokens will be distributed linearly. Those with weETH or eETH can expect to begin accumulating LRT² automatically.
LRT² tokens signify a share of the reward pool that emerges from the restaking efforts within LRT infrastructures. These tokens are completely backed and can be exchanged for core reward tokens, including EIGEN, which represents the native token of the EigenLayer, a notable restaking protocol on Ethereum.
Ether.fi is expanding their incentive offerings with new AVS rewards alongside extra ETHFI tokens.
In the upcoming weeks, Ether.fi will unveil additional rewards under the actively validated service (AVS) initiative, aiming to create exclusive opportunities for the community. These will come from strategic partnerships within the AVS network.
All eETH tokens, whether stored independently or actively utilized within a decentralized finance (DeFi) protocol, will generate restaking yields uniformly. Rewards will be distributed linearly, with weETH and eETH holders automatically accruing LRT². To celebrate the LRT² launch, additional ETHFI incentives will also be available for all participants.
To claim their rewards, users can simply navigate to their Portfolio page and select the LRT² rewards section. They will also have the flexibility to redeem the underlying tokens, giving them access to EIGEN and other tokens related to AVS.
Meanwhile, Season 4 rewards LRT² tokens will be issued at the end of the season. Additionally, Ether.fi points will play a role in the allocation of further LRT² tokens from partner protocols.
Ether.fi This protocol facilitates staking of ETH in exchange for eETH, a liquid staking token designed to enhance engagement in DeFi ventures. Earlier this year, Ether.fi succeeded in raising $27 million from venture capital heavyweights Bullish and CoinFund. Currently, Ether.fi stands as the premier Ethereum liquid restaking platform, boasting over $5 billion in total value locked (TVL), according to DeFiLlama.
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