2024

Launchpool

<div class="coinjournal">
 <ul>
 <li>ETHFI, the governance token of liquid restaking protocol Ether.Fi, fell nearly 30% after its market debut.</li>
 <li>Ether.Fi’s token listed on major exchanges like Binance and OKX.</li>
 </ul>
 The price of ETHFI, the governance token of liquid restaking protocol Ether.Fi, has declined 30% just hours after its market debut.
 ETHFI listed on major exchanges, including Binance and OKX, and traded to highs of $5.32. However, with profit taking in full swing, the token’s price has fallen by about 30% to hit lows of $3.30.
 According to CoinGecko, Ether.Fi has a market cap of $394 million at the time of writing and a fully diluted valuation (FDV) of $3.4 billion. The token’s circulation supply is 115.2 million ETHFI while total supply is 1 billion ETHFI.
 Ether.Fi was seeing <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> volumes of $250 million. DeFiLlama data shows total value locked (TVL) at $2.97 billion. That’s slightly down from the peak of $3.13 billion on March 15, 2024.
 <h2 id="span-style-font-weight-400-ethfi-tokenomics-span">ETHFI tokenomics</h2>
 Ether.Fi is a huge protocol in the liquid restaking space and interest and hype around it was huge. 
 Launching in the <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> Launchpool was one of the biggest in recent listings. After its season 1 airdrop of 6% of total supply, season 2 will introduce 5%. The season 1 airdrop claims window will remain open for 90 days, the platform noted.
 While analysts are bullish on the future of Ether.Fi as a project, the one disquieting factor for holders is the project’s tokenomics.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 ETHFI token allocations aim to promote long term, deep engagement in key governance decisions toward the continued success of the https://t.co/gbHcksxzp2 protocol.
 The <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>FI airdrop will consist of 2 seasons. Season 1 is 6% of the full <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> supply. Season 2 will get 5% of the… pic.twitter.com/SBOIJQAfOR
 — <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>er.fi (@<a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>er_fi) March 16, 2024
 </blockquote>
 
 With 1 billion tokens, nearly 56% of that – 55.76% to be precise – will go to private investors and core contributors. Private investors have 32.5% of the ETHFI supply while core team members will have 23.26% of the total supply, according to the project’s tokenomics details.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ether-fi-ethfi-token-dumps-after-trading-debut-tbt82856.html">https://thebittimes.com/ether-fi-ethfi-token-dumps-after-trading-debut-tbt82856.html</a>

Ether.Fi (ETHFI) token dumps after trading debut

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