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Ether fi Price in India (ETHFI)

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ETHFI to INR Converter

As per last price at 00:00:00, 01/01/70

INR

ETHFI

TRADE ETHFI NOW

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ETHFI Performance

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ETHFI Market Information

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ETHFI Price Today

The live price of Ether fi is ₹ 0 per (ETHFI / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. ETHFI to INR price is updated in real-time. Ether fi is +0% in the last 24 hours with a circulating supply of .

About Ether fi (ETHFI)

What is Ether.fi?

Ether.fi is a liquid staking protocol on the Ethereum blockchain that allows users to stake their ETH holdings and maintain control over their keys in a non-custodial framework. The protocol stands out in the DeFi space as it offers a unique approach to ETH staking. To be sure, it allows users to earn rewards and participate in platform governance while having control over their assets.

Ether.fi offers native restaking, which allows staked ETH to be reused for other networks or applications, leading to higher yields over time.

Primary features of Ether.fi

Here are some of the standout features of Ether.fi.

• Liquid staking functionality: Instead of locking up their ETH for long periods, stakers receive liquid tokens called eETH to represent their locked ETH. These tokens can be traded or used in other dApps within the Ethereum ecosystem.

• NFTs for validators: Ether.fi also allows the creation of a unique NFT for validators involved in the staking process. This enhances the security and independence of the participants in the protocol. 

• Integration with EigenLayer: With the integration of EigenLayer, users can earn additional yield on top of Ethereum’s staking rewards without locking assets, providing flexibility in restaking.

• Native Token (eETH): The platform’s native token, eETH, works with Ether.fi’s governance token to let users easily manage staking and restaking. This offers automatic restaking and dual rewards from Ether.fi and EigenLayer.

Is ETHFI a promising cryptocurrency?

Ether.fi (ETHFI) is currently positioned among the top 150 cryptos by market capitalization, as of June 2024. In terms of daily trading volume, it ranks among the top 84 cryptos, showing higher trader involvement. Ether.fi’s strong influence in the DeFi space and the broader crypto space coupled with its innovative approach to staking ETH positions Ether.fi as a promising crypto. 

How to use ETHFI?

ETHFI offers several utilities to users including: 

• The ETHFI token is used for platform governance by enabling token holders to participate in decision-making processes and other major developments in the protocol. 

• Users can stake their ETH and receive a liquid staking token called eETH, which can be used for yield farming.

• Ether.fi with the integration of EigenLayer offers native restaking to offer additional rewards for stakers.

• wETH holders can redeem eETH for ETH with no withdrawal hassle.

Pros & Cons of MANTA

Pros

• Dual returns from staking with the integration of EigenLayer.

• Allows liquidity of assets through eETH tokens.

• Token holders can participate in governance and contribute to protocol maintenance, earning rewards in the process.

Cons

• Like any other crypto, ETHFI is prone to market risk and fluctuations. 

• It is focused on the DeFi sector which would be unappealing to new crypto investors. 

• Being built on Ethereum, Ether.fi is tied to the Ethereum network. So, any issues with the Ethereum network such as high transaction fees and congestion impact Ether.fi.

Trade ETHFI on CoinSwitch

• Start trading in ETHFI by downloading the CoinSwitch app and signing up for an account.

• You can buy ETHFI for as low as ₹100.

• CoinSwitch’s user-friendly interface and easy-to-use mechanism offer an ideal platform to start trading in ETHFI.

Ether.fi ICO summary

Ether.fi was founded by Mike Silagadze and Rok Kopp in 2022. However, its mainnet was launched in May 2023, while its native token, ETHFI, was launched in March 2024. Ether.fi held private token sales involving top-tier funds like Arrington XRP Capital, ConsenSys, CoinFund, and 24 other investors. In 2024, the protocol announced its first public sale round with an IEO on Binance, allocating over 2% for the Binance Launchpool event. Besides, Ether.fi recently raised $23 million in Series A funding, bringing its total funding to $27M.

Bitcoin Resources

1. How do I buy Ether fi?

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To buy Ether fi, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find Ether fi.

Step 3:

Once you find Ether fi and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of Ether fi?

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The price of 1 Ether fi is ₹0.

Note: Ether fi prices are subject to change in the future based on market trends.

3. What is the price of Ether fi today?

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The current price of 1 Ether fi is ₹0.

Note: Ether fi prices are subject to change in the future based on market trends.

4. Can I buy Ether fi for ₹100?

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Yes! You can buy Ether fi for as low as ₹100 on the CoinSwitch app.

5. How much is 1 Ether fi in rupees?

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The current value of 1 ETHFI is ₹0.

6. What is the current trend in Ether fi?

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ETHFI has been NaN% in the last 24 hours.

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ETHFI to INR Converter

As per last price at 00:00:00, 01/01/70

INR

ETHFI

TRADE ETHFI NOW

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