ETHFI Staking

Staking ETHFI

ETHFI stakers earn ether.fi loyalty points, Karak points and more to come!

Here's how it works:

Go to the ETHFI tab in the ether.fi dapp here: https://app.ether.fi/ethfi
Choose the amount of ETHFI you would like to stake
Stake your ETHFI
The ETHFI vault will automatically re-stake ETHFI on Karak to earn 2x Karak points. You will also earn ether.fi points. In the future, the vault will add additional strategies to earn more rewards on your ETHFI
Earn points and future rewards automatically!

FAQs:

Can I participate in DAO voting with staked ETHFI? Yes! You can vote on ether.fi DAO proposals through Snapshot
Can I delegate my staked ETHFI for them to vote on my behalf? Yes. Please note that if you have previously delegated using Agora (vote.ether.fi), staking your ETHFI will undelegate from Agora and re-delegate via the ETHFi staking contract. In future, you will be able to see all Delegates and re-delegate through the ETHFI tab.
How many points do I earn? Staked ETHFI loyalty points are earned at the relative base rate of loyalty points earned on weETH. The ratio of points is based on the relative price of ETHFI to weETH at launch of the staking contract. This earning amount will be updated monthly when required to reflect the 30 day trailing price of ETHFI, relative to the 30 day trailing price to weETH. Calculation: Based on the relative price of ETHFI to weETH on July 16th, it was determined that 1 weETH = ~1750 ETHFI. Given the base rate of 1 weETH receives 10,000 loyalty points / day, the amount of Loyalty points / ETHFI / day is set at 5.7. 1 weETH = 10,000 Loyalty points / day 1 ETHFI = 5.7 Loyalty points / day As an example, if a user was to stake $1,000 worth of weETH and $1,000 worth of ETHFI, that user would be earning 2x ether.fi loyalty points / day compared to the base rate of just holding weETH. Since the governance proposal, it has been determined that at times, ether.fi has to rely on partner endpoints that can result in short term point issues/deviations. These issues stem from endpoints going down, syncing issues with the database, etc. As a result, the most simplistic and elegant approach was to base ETHFI loyalty point earnings on the amount of ETHFI staked. Under this approach, there is also no minimum ETHFI stake amount required.
Can I withdraw my staked ETHFI? Members can request to withdraw their ETHFI at any time. Withdrawals are queued and typically take up to 10 days to fulfill.
Which points do I earn by staking Ethfi? Currently, users who stake ETHFI on mainnet can earn Karak points and Symbiotic points alongside Etherfi points. Users on Arbitrum are currently earning Karak points alongside Ether.fi points. As Symbiotic becomes available on Arbitrum and Base, ETHFI stakers on those networks will earn Symbiotic points as well.

Contract & Audit Info:

Audits:

https://0xmacro.com/library/audits/sevenSeas-12.html

Contracts:

0x86B5780b606940Eb59A062aA85a07959518c0161

AccountantWithRateProviders: 0x05A1552c5e18F5A0BB9571b5F2D6a4765ebdA32b

BoringVault: 0x86B5780b606940Eb59A062aA85a07959518c0161

DecoderAndSanitizer: 0xbaAf0D2849D79d33c1F0AAb5Ff9DF65063bd946c

DelayedWithdraw: 0x1509b1fdD01cAF9697aff514b9574B4A27173Dd2

Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B

ManagerWithMerkleVerification: 0xb623FaF559b414A1C7EF2d15f3260CA0Fd239431

RolesAuthority: 0x3994741A5B29c60D0AB318dE1024f9256fE959dC

TellerWithMultiAssetSupport: 0xe2acf9f80a2756E51D1e53F9f41583C84279Fb1f

About ETHFI

ETHFI is the governance token that drives the ether.fi protocol, enabling the DAO community members to manage critical aspects of the protocol and direct the growth strategy of weETH, eETH and the protocol's future growth.

As a portion of protocol and re-staking rewards are directed toward the DAO treasury, the ETHFI token now plays a vital role in controlling and governing this treasury, and the future of the protocol at large.

$ETHFI token holders will be able to propose and approve:

Major protocol upgrades
Changes to key economic parameters, such as fees designated to the protocol
Software development contributor permissions
Whitelisting of node operators that run ETH nodes on behalf of the protocol
Where and how ETH is restaked within the Actively Validated Services (AVS) ecosystem which utilizes the EigenLayer protocol
Treasury diversification activities