# Getting Started # Introduction ether.fi: Truly decentralized staking. Keep your keys. Build the network. {% embed url="" %} ## Links [ether.fi](https://ether.fi) [Decentralized Application](/etherfi/getting-started/decentralized-application) [Whitepaper](/etherfi/ether.fi-whitepaper) [Twitter](https://twitter.com/ether_fi) [Discord](https://discord.com/invite/zqGzcuQWvD) [Medium](https://etherfi.medium.com/) # Stake with Ether.fi We aim to bolster Ethereum's decentralization by simplifying non-custodial staking. While recognizing the complexities of staking, we strive to enable participation for all users. Achieving decentralization requires a collective effort, with individuals contributing diverse skills to the network. Given this, we have built solutions for users just beginning their Ethereum journey along with long time Ethereum contributoors 🫡 These options are provided below.
OptionsPermission TypeComplexityKey ManagementStaking min.
Mint eETHPermissionlessEasyRelies on security of other stakers.01
Mint weETHs, weETHk or eBTCPermissionlessEasyRelies on our vault partners.01
Operation Solo StakerPermissioned (Until Q3 2024)Intermediate to advancedDVT for key management0
Bond 2 ETH for BNFTPermissioned
(Until Q3 2024)		ComplexOwn your keys2 ETH
**How to get involved:** * To mint **eETH**, **weETHs**, **weETHk** or **eBTC** simply go to the [ether.fi dapp](https://app.ether.fi) and stake your tokens! * To become a **Solo Staker**, see [onboarding docs](/etherfi/solo-stakers/operation-solo-staker) đź’Ş * To **Bond 2 ETH for BNFT** see our [stakers guide](/etherfi/solo-stakers/32-eth-stakers). Note that this is still permissioned. # Loyalty Points How do loyalty points work on ether.fi? *This will address Loyalty Points as they relate to eETH/weETH only. With regards to* [*ether.fan*](http://ether.fan/)*, Loyalty Points will continue to accrue in the same way they always have. For more, see* [*ether.fan Loyalty Points*](https://etherfi.gitbook.io/etherfi/getting-started/pages/hNcbUTeajT66s8MRKnhc#ether.fan-loyalty-points)*. One other important clarification is that ALL LOYALTY POINTS (from* [*ether.fi*](http://ether.fi/) *or ether.fan) ARE THE SAME. This includes Loyalty Points earned from the Early Adopter Pool, ether.fan, eETH and weETH. A point is a point. There are simply just some more nuanced use cases for them in ether.fan that relate to the gamified environment that the community has created, and we envision the same for eETH as we continue to hit on our roadmap.*​ ### **ether.fi Loyalty Points** eETH/weETH holders, eBTC, eUSD, Liquid vaults and using ether.fi assets in integrated DeFi protocols will earn [ether.fi](http://ether.fi/) Loyalty Points. 1. The protocol will pass 100% of points and any benefits from points to users and will not withhold ANY points 2. The points you see in your dashboard is an estimate that accounts for the point delay in activating a natively restaked validator, as points only begin to accrue once the validator is active on the beacon chain. This variation can range from 10-20% depending on the volume of ETH inflow into the protocol on a day. The protocol only grants points based on your eETH/weETH balance, in your wallet or in an LP/vault, and the amount of eETH you have can fluctuate if you're in an LP. See [Integrations - Points](/etherfi/getting-started/loyalty-points/integrations-points) for further details of each integration. **Where will Loyalty Points be displayed.** They are shown on the [ether.fi Dapp Portfolio tab](https://app.ether.fi/portfolio) once you connect your wallet. These points will accrue in real time.​ **What can I do with Loyalty Points?** Loyalty Points play a role in understanding your participation in the ether.fi protocol, reviewed at the end of a [Season](https://etherfi.gitbook.io/etherfi/events/previous-seasons) where additional rewards are distributed to stakers. ​**How to earn Loyalty Points.** The easiest way is to simply stake your assets on [ether.fi](http://ether.fi/) or depositing into a [Liquid vault](https://app.ether.fi/liquid). As we continue to rollout our partnerships and integrations, we will implement programs for users to begin earning additional points for LP’ing into DeFi protocols that we integrate with, referring frens, quests to L2’s, etc. etc. Please be aware that you **will only continue to earn Loyalty Points** if your wallet is holding ether.fi assets such as weETH or eBTC, holding a Liquid vault position, or if you have followed one of the ecosystem paths that we have provided on our [DeFi tab](https://app.ether.fi/defi).​ **Loyalty Points Formula:** Season 1 Rules: Staking .001 Ether, earned you 1 points / day. This simply meant that loyalty points earned = ETH staked \* 1000\* days staked Example: If you had 5 ETH staked for 6 days, you would have received 30k loyalty points (5 \* 1000 \*6) đź’Ş For our whales, there was a sizeable cap on total loyalty points earned of 10¹².​\ \ Season 2+ Rules: For Season 2, all points earned after March 15th will now receive an automatic 10x boost! This means staking .001 Ether now earns you 10 points / day To put it simply, Season 2 loyalty points earned = ETH staked \* 10000 \* days staked. Example: If you have 5 ETH staked for 6 days, you will now receive 300k loyalty points (5 \* 10000 \*6) đź’Şđź’Şđź’Ş Please note that this equation does not include potential multipliers such as StakeRank and DeFi integration boosts. **Can I lose my Loyalty Points?** No. You will not lose any of your Loyalty Points in relation to your ether.fi assets and positions. They will simply stop accruing if you no longer hold these assets in your wallet. As mentioned, once turned on, activities such as LP’ing into various protocols and moving your ETH to L2’s will also continue to generate you Loyalty Points. Join the discord for updates on this rollout as eETH becomes composable throughout all of DeFi. **Risks Involved with Points Earned from Liquidity Pools (LP)** Please note that the point tracking ratio on liquidity pools is always changing. Points are given to the pool based on the ratio of our token (weETH) to another token(s) in the pool. For that reason, the ratio of points given out is constantly changing. To compensate for less points, there may be a boost; please take all of this into consideration if you are trying to maximize points. ​**Loyalty Points for Operation Solo Stakers, Bond holders (B-NFT’s) and 32 ETH Stakers** These members are pivotal pieces of our ecosystem and we want to ensure we recognize them as such. Rest assured we have extra boosts and acknowledgements for the foundational backbone of the protocol and Ethereum network. More to come on this for your service. 🫡​ **Can I transfer my Loyalty Points?** No.​ **Badges** Badges are a way to collect additional loyalty points by performing certain actions. We are constantly adding more badges for various events! [See our badges page for more info.](/etherfi/getting-started/loyalty-points/badges) **See info on** [Integrations - Points](/etherfi/getting-started/loyalty-points/integrations-points) ### Points Incident of *Feb 13-Feb 21* We take points very seriously and we know you do as well, for that reason we are documenting the events of the past week, explaining why we've been changing the underlying infrastructure and how some errors were introduced during the migration. When we initially built our initial points system, it was within the span of a few days and many late nights, we imagined having 1 or 2 DeFi integrations a month and a relatively small amount of traffic, since the initial version was generally keeping up we didn't think much of it until things started picking up this year and DeFi integrations are now being added every week. We kicked off on our journey to build a new and improved service that syncs all the degen data on the blockchain where eETH is being used, this service is much faster at syncing everything from scratch and has better recovery built in, in case of failure. We proceeded to deploy this new service on **13 Feb 2024** and did some testing after which we got really excited and released it into the wild, we were also excited because we knew this new service would increase the points in a lot of valid cases, since the previous service had downtime and did experience some errors that we noted quite a while back, causing some distribution failures. The only thing we missed was that unfortunately the UI still had older logic in place where points being calculated in a specific way related to the old service but not account for the new service, this affected EigenLayer points and ether.fi loyalty points, causing a very unfortunate bug where points for DeFi integrations were being double counted and showing another 2x boost on top of already boosted point generation :scream: We initially deployed the first fix for this **16 Feb 2024** believing only EigenLayer points were affected, but during testing with our beta-tester group on **20 Feb 2024** for the latest release for new DeFi integrations, we came to the conclusion that the bug affecting EigenLayer points also affected ether.fi loyalty points, were are deploying a fix for this today, **21 Feb 2024**. *TLDR* A new points service was released recently and while the points service is much improved on the previous version, a UI bug caused some points to be double counted. This has now been resolved, and all points should now reflect correctly. For many ether.fi users that saw their points increase at a double rate during that time period will see a significant point reduction in their dashboard. To give greater transparency moving forward, we are working on a points history view in the dapp that will display points as they are earned over time. Apologies to all either.fi members impacted by this display issue. # Badges Ether.fi Badges serve as Loyalty Point recognition, highlighting accomplishments and contributions of users within the protocol ecosystem. Each badge is uniquely designed for active eETH/weETH holders and participation in ether.fi community and events. There are two types of badges, variable and static. The variable badges have levels that you can unlock as you progress or stake more, where static badges are a one of kind badge that's unlocked by a certain action. As variable badges can increase with progress / more ETH staked, the same holds true if there is a reduction in the eETH/weETH held by the wallet. This means that points can go down by the same proportional amount. For static badges, they will remain as long as there is eETH/weETH held in the associated wallet. [**See your Portfolio tab**](https://app.ether.fi/portfolio) for current available badges # Referrals This referral program covers ETH deposits on Ethereum mainnet and L2s at app.ether.fi. Each 0.1 ETH staked via ether.fi earns the person who stakes and the person who referred 10000 loyalty points. **Note**: Referral points may take up to 2 hours to display in your Portfolio. ### Referrals on ether.fi Referrals are now live for ether.fi eETH staking! You can generate your referral link by connecting your wallet on [https://www.ether.fi](https://www.ether.fi/) and then navigating to the portfolio page where you'll find a button to generate the link. On sharing your link with your friend, they should see a confirmation message when they stake ETH. For every 0.1 ETH staked, you and your friend will both earn 10,000 loyalty points! Happy staking and remember to spread the cheer to everyone! ### Other notables The protocol reserves the right to review and remove any instances of users gaming the referral point program. This program is meant to promote the ecosystem and is not designed for users to gain an unfair advantage through wallet manipulation tactics. # Integrations - Points Users who provide liquidity and deposit in particular pools that the protocol has integrated have the opportunity to earn yield from those protocols, while still accruing ether.fi loyalty points and may also earn additional protocol partner points. Below is a breakdown of the pools supported along with a how to of how to deposit to ensure rewards are earned. [See your DeFi tab ](https://app.ether.fi/defi)for current protocol integrations with points tracking See examples below of previous DeFi integrations and how points are tracked across these protocols * [Pendle](#pendle) * [Liquid Lockers](#liquid-lockers) * [Bribe Pools](#bribe-pools) * [Morpho Blue](#morpho-blue) * [Silo](#silo) * [Curve](#curve) * [Maverick](#maverick) * [Gravita](#gravita) * [Term Finance](#term-finance) * [Sommelier](#sommelier) * [Prisma](#prisma) * [Zircuit](#zircuit) * [Gearbox](#gearbox) * [Asymetrix](#asymetrix) * [Bunni](#bunni) * [Ion](#ion) * [Stella](#stella) * [Sturdy](#sturdy) * [f(x)](#f-x) * [IPOR](#ipor) * [InstaDapp](#instadapp) * [Vector Reserve](#vector-reserve) * [Beefy](#beefy) * [AAVE](#aave) ### Pendle The yield market on Pendle can be largely separated into 3 positions for eETH: 1. [PT - Fixed yield](#id-1.-pt-eeth) 2. [LP - Single asset exposure farming strategy](#id-2.-eeth-lp) 3. [YT - Yield strategy. Biggest risk/reward](#id-3.-yt-eeth) [Liquid lockers](#liquid-lockers) for Pendle enables users to enjoy boosted Pendle rewards by providing liquidity without needing to hold any vePENDLE, while continuing to earn both ether.fi loyalty points. #### 1. PT-eETH PT = principal token representing the principal only at maturity. This strategy consists of depositing your eETH into the Pendle protocol for a fixed duration, and earning a fixed yield at maturity. In this scenario you’re earning staking yield (\~27% at time of writing) for the duration of your deposit. Note that this strategy does not earn you EiegenLayer and [Ether.fi](http://Ether.fi) points. You are simply locking in a fixed yield in ETH.
In the image above, 1 ETH enables you to purchase 1.0979 PT. In other words, you’re foregoing points for a guaranteed 9.79% return until maturity. At the time of writing, that translates to \~27.18% APY. Note: PT is not locked, you can sell PT at any time at the market rate #### 2. eETH-LP By providing liquidity to the pool, you will be getting a yield burger. * [Ether.fi](http://Ether.fi) Loyalty points * ETH staking yield * Swap fees * Pendle incentives * PT eETH fixed yield. The LP position consists of PT-eETH + SY-eETH. SY portion earns yield. This is also single asset exposure, meaning IL is minimal. The ratio of PT-eETH and SY-eETH in LP can be checked [here](https://app.pendle.finance/trade/pools/0xf32e58f92e60f4b0a37a69b95d642a471365eae8/zap/in?chain=ethereum). Note: The ratio of LP is always changing. ***Zero Price Impact Mode Enabled:*** To maximize point earnings ([ether.fi](http://ether.fi) points) without participating in liquid lockers, enable zero price impact when zapping in.
If zero price impact mode is enabled, a portion of eETH (SY-eETH) will be converted to YT-eETH and a portion of eETH (SY-eETH) will be converted to PT-eETH to create LP-eETH (PT-eETH/SY-eETH) SY-eETH and YT-eETH can earn points. You will earn Etherfi Loyalty points from the amount (SY-eETH + YT-eETH). It will be 2x Etherfi Loyalty points point from amount eETH you deposit to create LP on Pendle. ***Zero Price Impact Mode Disabled:*** The eETH LP is a SY/PT position. With this mode disabled, zapping into Pendle converts a portion of your eETH (or SY-eETH) into PT-eETH to LP. The YT-eETH are sold for equivalent amounts of PT/SY to be LP-ed. This increases your LP, in turn you will lose YT therefore reducing your points earnings to no more than 1x Etherfi loyalty points.
Regarding the 1x Etherfi loyalty points - The ratio of PT-eTH and SY-eETH (eETH) in LP is always changing, so amount of SY-eETH (eETH) in LP will always change therefore the points you earn will change. Points earned will not be fixed Note that depositing this position into a liquid locker increases your Etherfi Loyalty points earnings may get an additional boost. For further reading - see Pendle doc's[ here](https://pendle.gitbook.io/pendle-academy/ecosystem-and-resources/lrt-points-trading) #### 3. YT-eETH This is where things get interesting. Enter leveraged points. YT is the yield token (for points and yield), representing the yield of the underlying asset until maturity. Every 1 YT-eETH you own will stream all the yield and points generated by 1 eETH to you until maturity. At the current time of writing, every 1 eETH gives you yield and points exposure to a 11.18 eETH position. The price of YT is subject to market rates depending on how the market values it.
Note: YT is not locked, you can sell YT at any time at the market rate This is where points speculations comes into play when determining if YT is priced correctly, which is not for discussion here. Normally, you look at the long yield APY to determine the price you’re willing to pay. But again, in this case with eETH, there are other factors to consider such as [Ether.fi](http://Ether.fi) loyalty points . Degen responsibly. #### Liquid Lockers Liquid lockers currently integrated into ether.fi's point tracking are listed below: [Equilibria](https://equilibria.fi/stake)
[Penpie](https://www.pendle.magpiexyz.io/stake/0xF32e58F92e60f4b0A37A69b95d642A471365EAe8)
Stakedao - coming soon. This locker is not currently retroactively being tracked. *Acknowledgements to Pendle Intern for the thread work in helping to construct the above* ### Bribe Pools #### Penpie We are currently tracking ether.fi points for the Penpie Bribe Pools on Ethereum. We are also tracking points off-chain for Arbitrum, and they will be retroactively rewarded. Learn more about this pool [here](https://www.pendle.magpiexyz.io/bribe/). #### Equilibria We are currently tracking ether.fi points for the Equilibria Bribe Pools on Ethereum. Learn more about this pool [here](https://equilibria.fi/vote/). ### Morpho Blue We have integrated with Morpho Blue to allow users to deposit weETH as collateral to borrow ETH. This can be done [here](https://app.morpho.org/borrow). Points are tracking on ether.fi.
Points are tracked as follows: * The weETH deposited as collateral will continue to earn ether.fi points at 1x. It would be the same as holding weETH. * Looping is permitted. Points will accrue based on the deposited collateral. * The ether.fi protocol and Morpho Blue have provided USDC and Morpho incentives to the supply side of the market; however, to further incentivize, 1x ether.fi points will be awarded for supplying ETH. They will accrue at the same value as holding weETH. We encourage users who want to learn more to refer to the Morpho Blue [AdaptativeCurveIRM](https://docs.morpho.org/concepts/morpho-blue/core-concepts/irm/). ### Silo We have integrated with Silo to allow users to deposit weETH as collateral to borrow ETH. This can be done[ here](https://app.silo.finance/silo/0xCD7ae3373F7e76A817238261b8303FA17D2AF585). Points are tracking on ether.fi.
This is a symmetric market, meaning usesrs can deposit weETH and borrow ETH, and vice versa. Points are tracked as follows: * The weETH deposited as collateral will continue to earn ether.fi points proportional to the amount of weETH in the deposit contract. As this is a symmetric market, users can deposit ETH and borrow weETH, which reduces the supply side of weETH. * Looping is permitted. Points will accrue based on the deposited collateral as above. * Both the ether.fi and Silo protocols have provided Silo incentives to the supply side of the market; however, to further incentivize, 1x ether.fi points will be awarded for supplying ETH. They will accrue at the same value as holding weETH. Additionally, we are tracking points for the weETH-ETH-USDC pool on Silo on Arbitrum. Points are currently tracking and will be retroactively rewarded. ### Curve ***Points:** Ether.fi Loyalty Points* *\*\*Update\*\* Points earned on the weETH-rswETH pool are accruing in the database and will be shown retroactively on the front end for deposits.* We have integrated LP tracking with the weETH/WETH pool deployed on Curve. Link [here](https://curve.fi/#/ethereum/pools/factory-stable-ng-22/deposit). either.fi loyalty points are awarded based on your weETH holdings in the pool, and then boosted 2x. As is the case with any other liquidity pool, loyalty points can fluctuate based on the total amount of weETH in the pool. Action required to stake in the pool 1. Stake your ETH with [ether.fi](http://ether.fi/) and wrap your eETH to weETH. weETH is the non-rebasing token that has been designed for DeFi. 2. Go to the DeFi tab and click the link that takes you directly to the Curve pool.
3. Once on the Curve pool page, connect your wallet and deposit the amount of weETH and WETH that you would like. Note the below has just been shown for illustrative purposes. This position will continue to earn [ether.fi](http://ether.fi/) loyalty points.
4. After you deposit your assets, you can then stake the LP token to earn the emissions provided by the pool.
5. You’re now staked in the Curve pool earning LP rewards, and boosted [ether.fi](http://ether.fi/) Loyalty points *Share based pool - Points earnings* You may notice a discrepancy in [ether.fi](http://ether.fi/) Loyalty Points. This is due to the fact that when you deposit to the curve pool, you receive a weETH/WETH Curve liquidity pool token representing your share of the total pool, meaning you no longer solely hold the weETH or WETH contributed, rather your current holdings represent your share of all assets in the pool. For example, say you deposited 10 weETH and no WETH, and after doing so, the pools is composed of 40 weETH and 60 WETH. As a result, you now own \~10% of the pool (10/100) assuming weETH to WETH is priced 1:1 (which is an assumption made solely for illustrative purposes). In this scenario you will only earn [ether.fi](http://ether.fi/) points on 10% of the weETH in the pool (40\*10%). To put it another way, you earn points proportional to the amount of pool tokens u hold. If you hold x pool token and there’s 10x total pool tokens then you will earn loyalty pts the pool is accruing. ### Maverick ***Points:** Ether.fi Loyalty Points* We have integrated LP tracking for the following pools deployed on Maverick: * [ETH - weETH #72](https://app.mav.xyz/boosted-positions/0x1973c07a2bb43cad0fd46eed2dd3a80628ff80b7?chain=1) * [weETH - rsWETH #92](https://app.mav.xyz/boosted-positions/0x829ceb0665b00af5b34df3c4a00fe5ca453fc261?chain=1) * [ETH - weETH #95](https://app.mav.xyz/boosted-positions/0x4650c64a8136f7bc2616a524cb44cfb240e33a40?chain=1) This tracking has been designed for users to continue to earn loyalty points while being able to provide liquidity into the pool and earn the yield associated with the pool. Action required to stake in the pool 1. Stake your ETH with [ether.fi](http://ether.fi) and wrap your eETH to weETH. weETH is the non-rebasing token that has been designed for DeFi. 2. Go to the DeFi tab and click the link that takes you directly to the Maverick pools.
3. Once on the Maverick pool page, connect your wallet and deposit the amount of weETH and ETH. This position will continue to earn [ether.fi](http://ether.fi/) loyalty points. Guide [here](https://docs.mav.xyz/guides/liquidity-providers/how-to-add-liquidity) on adding liquidity to Maverick Note that there is the “auto stake” option for your deposit. This will allow you to stake to the pool to earn the emissions provided by the pool. 4. You’re now staked in the Maverick pool earning LP rewards, and boosted [ether.fi](http://ether.fi/) Loyalty points. You may notice a discrepancy in [ether.fi](http://ether.fi/) Loyalty Points. This is due to the fact that when you deposit to the Maverick pool you hold a concentrated liquidity position, and the composition of this position can move from 0% to 100% weETH depending on the price and trading in the pool. If you want to make sure you continue to earn points you should either contribute just one side (weETH) or a wide position so the price doesn't move outside their range More information can be found [here](https://docs.mav.xyz/guides/liquidity-providers/how-to-check-position-balances) regarding your position balances. ### Gravita ***Points:** Ether.fi Loyalty Points* We have integrated tracking on Vessels on Gravita. This tracking has been designed for users to continue to earn points while being able to provide borrow GRAI against their weETH. We are currently tracking points live on the dashboard for Gravita on Ethereum, and tracking points off-chain for Gravita on Arbitrum. Points earned from the Arbitrum vessel will be rewarded retroactively. Action required to open up a vessel 1. Stake your ETH with [ether.fi](http://ether.fi) and wrap your eETH to weETH. weETH is the non-rebasing token that has been designed for DeFi. 2. Go to the DeFi tab and click the link that takes you directly to the Gravita Vessel.
3. Once on the Gravita page, you can connect your wallet and deposit the amount of weETH that you would like. This weETH deposited will continue to earn ether.fi loyalty points.
### Term Finance * Term finance is a fixed rate lending platform that allows users to use tokens as collateral to borrow ETH or USDC. * The partnership between [ether.fi](http://ether.fi/) and Term will allow users to borrow ETH against their eETH liquid restaking tokens. * The mechanism of matching lenders and borrowers and determining the interest rate is timed auction. * Borrowers specify the amount of eETH they want to provide as collateral, and the amount of ETH they want to borrow, along with the maximum interest rate they are willing to pay.. * Lenders specify the amount of ETH they are willing to lend and the minimum interest rate they are willing to accept. * When the auction time runs out a clearing interest rate is determined and the pool runs for a predetermined time - in this case for 1 month. * Something to keep in mind as a borrower is that you can borrow ETH at a certain rate and stake it into eETH, and then deposit that eETH into Pendle for as much as 25% APR - so it’s reasonable to expect that there will be some arbitrage taking place. Points will be awareded as follows: * Borrowers who supply eETH as collateral will continue to earn [ether.fi](http://ether.fi/) loyalty points as normal. * It may take a few days for points to show up on the [ether.fi](http://ether.fi/) portfolio page, but points are being tracked and will be properly awarded from day one. * Lenders will also earn [ether.fi](http://ether.fi/) points at the same rate as if they were holding eETH (i.e. 1000 points per day per 1 ETH lent.) * This makes the Term integration unique in that users can earn [ether.fi](http://ether.fi/) points and an interest rate on their ETH. * Of course this opens up the possibility of leveraged [ether.fi](http://ether.fi/) staking, by providing eETH as collateral and then staking the borrowed ETH back into eETH allowing users to double the number of points they’re earning ### Sommelier *Points: Ether.fi Loyalty Points* We have integrated point tracking on the Turbo eETH v2 vault on Sommelier. Points can be found on Sommelier [here](https://app.sommelier.finance/strategies/Turbo-eETHV2/manage). This tracking has been designed for users to earn ether.fi loyalty points on their eETH deposit. Along with the release of the Turbo eETH v2 vault, we have deprecated the Turbo eETH v1 vault. To participate in any new rewards program, you must withdraw your assets from Turbo eETH v1 and deposit into Turbo eETH v2. Learn more about the deprecated vault [here](https://app.sommelier.finance/strategies/Turbo-eETH/manage). ### Prisma *Points: Ether.fi Loyalty Points* We have integrated tracking on the weETH collateralized vault on Prisma. After depositing weETH, you'll receive ULTRA as collateral. This tracking has been designed for users to earn 2x ether.fi loyalty points on their weETH deposit. Please note, the ULTRA v1 vault has been deprecated. To participate in any new rewards program, you must migrate your assets to the v2 vault [here](https://app.prismafinance.com/vaults/select/0x1691308554C0A5A37C87E947677a4D31B9c97da9). For more information, check out Prisma's docs[ here](https://docs.prismafinance.com/guides/using-prisma-finance/opening-a-vault/wrap-your-eeth-to-weeth).
### Zircuit *Points: Ether.fi Loyalty Points* We have integrated point tracking on the Zircuit weETH Staking Pool. Along with Ether.fi loyalty points, users will also earn Zircuit points. You can read more about their point system and future plans [here](https://stake.zircuit.com/faq). ### Gearbox *Points: Ether.fi Loyalty Points* We have integrated point tracking on Gearbox. With Gearbox, you can earn passive yied by providing liquidity with your position, or you can trade on margin, leveraging your position up to 10x. Learn more about Gearbox [here](https://gearbox.fi/). ### Asymetrix *Points: Ether.fi Loyalty Points* We have integrated point tracking on Asymetrix. In addition to Ether.fi loyalty points, users will also earn Asymetrix points. Asymetrix collects ETH from multiple users and distributes all the staking rewards to one user through a raffle. Learn more about Asymetrix [here](https://eeth.asymetrix.io/). ### Bunni *Points: Ether.fi Loyalty Points* We have integrated point tracking on Bunni for the rETH - weETH pool on Ethereum. Points are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). Bunni allows users to invest in pools and receive LP tokens. Furthermore, you can stake your LP tokens to receive additional yield. Learn more about Bunni [here](https://bunni.pro/pools/ethereum/0x1d471d70ac102e61be86b7b1e7ce41574f0133be). ### Ion *Points: Ether.fi Loyalty Points* We have integrated point tracking on Ion for the wstETH - weETH lending pool on Ethereum. are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). Ion allows users to provide LRT's such as weETH as collateral to borrow other tokens, such as stETH. Learn more about Ion [here](https://www.app.ionprotocol.io/lend?collateralAsset=weETH\&lenderAsset=wstETH\&marketId=0). ### Stella *Points: Ether.fi Loyalty Points* We have integrated point tracking on Stella for their eETH Penpie lending pool on Arbitrum. are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). Stella allows users to supply ETH and borrow eETH on the Penpie Liquid Locker. Additionally, users have the option to leverage their trade Learn more about Stella [here](https://app.stellaxyz.io/strategies/0x03346cceb9344590c9d2359bfd0164c579b75fd3). ### Sturdy *Points: Ether.fi Loyalty Points* We have integrated point tracking on Sturdy for their weETH lending pool on Mode. are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). Sturdy allows users to supply weETH and borrow WETH. Learn more about Sturdy [here](https://v2.sturdy.finance/silos/mode/0x6CEf966e111362ff22d8789B1fa886e4EF674C5A/provide). ### f(x) *Points: Ether.fi Loyalty Points* We have integrated point tracking on f(x) protocol for their stablecoin rUSD on Ethereum. are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). rUSD is a stablecoin backed entirely by LRTs, starting with eETH. Learn more about f(x) [here](https://fx.aladdin.club/assets/rUSD/). ### IPOR *Points: Ether.fi Loyalty Points* We have integrated point tracking on IPOR for their weETH pool on Ethereum. Points are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). Additionally, users may earn pwIPOR incentives. IPOR refers to a series of smart contracts that provide a benchmark interest rate and enable users to access interest rate derivatives on Ethereum. For the weETH pool, the interest rate derivative is based on the AAVE v3 (mainnet) ETH borrow rate. Swaps will be denominated in ETH and underwritten by the weETH pool. Swaps are paid out in weETH. Learn more about IPOR [here](https://app.ipor.io/zap/ethereum/weeth). ### InstaDapp *Points: Ether.fi Loyalty Points* We have integrated point tracking on InstaDapp for lending weETH via Fluid on Ethereum. Points are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). InstaDapp is a full feature platform for both users and developers to leverage the full potential of DeFi. Fluid is an advanced DeFi lending and borrowing platform on InstaDapp, offering high loan-to-value ratios, innovative liquidation mechanisms, and features like smart debt and collateral. Learn more about InstaDapp [here](https://t.co/9pbNEjNsHy). ### Vector Reserve *Points: Ether.fi Loyalty Points* We have integrated point tracking on Vector Reserve for vETH on Ethereum. are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). vETH is a DeFi primative that is fully backed by LST's and LRTs. It relies on the [Liquidity Position Derivative (LPD)](https://vector-reserve.gitbook.io/vector-reserve/veth-the-first-lpd/the-lp-derivative-lpd). It is a tokenized asset or index of ETH denominated Liquidity Positions (LP) against Liquid Staked Tokens (LST) and Liquid Restaked Tokens (LRT), that encapsulates both ETH and additional yield-generating opportunities Learn more about Vector Reserve [here](https://www.vectorreserve.com/dapp/veth). ### Beefy *Points: Ether.fi Loyalty Points* We have integrated point tracking on Beefy for weETH pools on Ethereum and Arbitrum. Points are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). Beefy is a multi-chain yield optimizer that hosts a number of vaults and DeFi strategies. The following pools on Beefy are supported: * [weETH-rETH (on Ethereum)](https://app.beefy.com/vault/aura-weeth-reth) * [weETH-ezETH-rETH (on Ethereum)](https://app.beefy.com/vault/aura-weeth-ezeth-rseth) * [eETH Equilibria (on Arbitrum)](https://app.beefy.com/vault/equilibria-arb-eeth) Learn more about Beefy [here](https://app.beefy.com/). ### AAVE *Points: Ether.fi Loyalty Points* We have integrated point tracking on AAVE for weETH collateral and borrowing on Ethereum. Points are currently tracking on[ your ether.fi Portfolio tab](https://app.ether.fi/portfolio). AAVE is a decentralized crypto lending platform that lets users borrow and lend crypto. The weETH/ETH market is symmetric, meaning you can borrow or lend weETH or ETH. Learn more about AAVE [here](https://app.aave.com/markets/). # Decentralized Application Web Interface to ether.fi's Staking Smart Contracts ## Stakers * **eETH stakers - Coming soon.** [**B-NFT Staker**](broken://pages/po6XRs4DKoX7pLEdLY53) [**32 ETH Staker** ](/etherfi/solo-stakers/32-eth-stakers) [**Node operators**](/etherfi/node-operators/node-operators-guide) # Multichain Ecosystem Both weETH and eBTC are available across multiple chains via LayerZero. Users can natively mint these assets on L2s and alt-L1s directly in our dapp, then immediately use them in DeFi applications or bridge to other supported chains. Some chains, such as Arbitrum for weETH, utilize canonical bridges. These canonical bridges only support transfers between Ethereum Mainnet and the specific L2 network, with no direct L2-to-L2 bridging supported. When using the bridge tab in our dapp, the network selector will automatically redirect you to the appropriate official bridge interface for your selected chain. Note: Canonical bridge weETH deployments are separate from LayerZero-enabled chains. Users must use each chain's official bridge interface when working with these deployments. * [Cross Chain Native Staking](/etherfi/getting-started/multichain-ecosystem/cross-chain-native-staking) * [How to Bridge weETH](/etherfi/getting-started/multichain-ecosystem/how-to-bridge) * [How to Bridge eBTC](/etherfi/getting-started/multichain-ecosystem/how-to-bridge-ebtc) * [Arbitrum Canonical Bridging](/etherfi/getting-started/multichain-ecosystem/arbitrum-canonical-bridging) * [weETH Bridge Deprecation](/etherfi/getting-started/multichain-ecosystem/weeth-partial-bridge-deprecation) # Cross Chain Native Staking Mint weETH or eBTC directly on supported L2s and alt-L1s ### Benefits: * Skip mainnet minting and bridging steps * Avoid DEX fees and slippage * Get 1:1 exchange at current ETH/weETH rate ### Network Support Overview | Network | weETH | eBTC | | -------- | :---: | :--: | | Base | ✅ | ✅ | | Arbitrum | ❌ | ✅ | | Scroll | ✅ | ✅ | | Linea | ✅ | ❌ | *** Last updated: March 19, 2025 [LayerZero Audits](https://github.com/LayerZero-Labs/Audits) {% file src="/files/XlZcHvit71CbbQUyMnNb" %}
# How to bridge (To bridge to Arbitrum, please read [Arbitrum Canonical Bridging](/etherfi/getting-started/multichain-ecosystem/arbitrum-canonical-bridging)) ### To bridge weETH: 1. Naivgate to: 2. On Stargate's "Transfer" section, connect your wallet 3. For "From" select weETH as your token on any of the available networks
4. For "To" select weETH as your token and select an available network of your choice 5. Enter the total amount you'd like to bridge 6. Complete the transaction on your wallet Congratulations! You now have weETH on your selected network.

# How to bridge eBTC ### To bridge eBTC: 1. Naivgate to: 2. Select your source network ("From") and destination network ("To") for bridging. For example, if you want to bridge from Ethereum Mainnet to Arbitrum, select "Ethereum" as your "From" network and "Arbitrum" as your "To" network.
3. You can track the progress of your bridge transaction by inputing your wallet address into [LayerZero Scan](https://layerzeroscan.com/) # Arbitrum Canonical Bridging ## How to **Step 1:** Head to [app.ether.fi](https://app.ether.fi/) and click on the eETH tab **Step 2:** Connect your wallet **Step 3:** Stake ETH (or any supported liquid staking token) to receive eETH **Step 4:** Wrap wETH to receive weETH **Step 5:** Head to [arbitrum.io](https://arbitrum.io/) and navigate to the bridge tab. Make sure you’re on the Ethereum Mainnet **Step 6:** Connect your wallet **Step 7:** Search for weETH on the “From” dropdown, and Arbitrum One on the “To” dropdown \*\**DO NOT TRY TO BRIDGE eETH\*\* There is currently no market of eETH on Arbitrum.*
**Step 8:** Click “Move Funds to Arbitrum One”, and then you’re done! From there you can use your weETH on Arbitrum Dapps. # weETH Partial Bridge Deprecation #### Overview As part of hardening our cross-chain infrastructure, ether.fi is deprecating weETH bridging on a small subset of chains. Consolidating onto fewer, higher-activity chains reduces risk and allows us to focus security resources where they matter most. #### Deprecated Chains The following chains will have weETH bridging disabled on **June 30, 2026**: **Scroll, Swell, Bera, zkSync, Mode, Blast, Morph, Sonic** These were selected based on usage, TVL, and integration depth. Additional chains may be deprecated in the future based on the same criteria. Any future deprecations will be communicated with ample advance notice. #### What You Need to Do If you hold weETH on any of the deprecated chains, bridge it back to Ethereum or another supported chain before **June 30, 2026**. #### After Deprecation If you miss the deadline, recovery is still possible. Reach out to our support team and we'll process your recovery manually. A fixed fee of **0.5 weETH** applies to cover the manual handling. # FAQ eETH launched on November 15th, 2023 🚀 eETH, brought to you by ether.fi, is a Liquid Restaking Token that allows users to stake their ETH to accrue staking rewards and automatically restake their ETH in EigenLayer. weETH is the wrapped non rebasing version of eETH that can be used throughout the DeFI ecosystem. ether.fi will be working with DeFi partners to create utility for weETH including Balancer, Gravita, Pendle, Aura, Maverick, and many more, as well as other layer two protocols proceeding the launch date. Please see FAQ below outlining all the various protocol changes that have been rolled out along with answers related to restaking. This will be a living document that will evolve as we get feedback from our community. That said, we encourage our community to reach out with any questions that they have and join our discussion on [discord](https://discord.com/invite/zqGzcuQWvD). **General** 1. How do I earn rewards from my ETH being natively restaked on EigenLayer? * As EigenLayer is not yet in its final form to onboard active validator services, we can not provide a reliable estimate of these rewards. That being said, Ether.fi will be remitting any rewards received from EigenLayer that are earned from being an early depositor into the protocol. 2. Do I have to restake my ETH? * No. this is all handled by [Ether.fi](http://Ether.fi). You simply need to mint eETH and the protocol takes care of the rest. 3. How can I stake ETH on ether.fi? * refer to [Stake with Ether.fi](/etherfi/getting-started/stake-with-ether.fi) 4. Will all ETH staked in ether.fi be natively restaked? * Yes. 5. I thought there were limits on the amount of ETH or liquid staking tokens that could be deposited into EigenLayer? 🤷‍♀️ 🤷‍♂️ * **There are NO LIMITS on the amount of ETH that can be natively restaked into EigenLayer**. The limits only exist for LST's that are looking to restake the LST into EigenLayer (stETH, rETH, cbETH). Until eETH, this was the only simple way to deposit into the EigenLayer protocol. 6. Will I still be able to use my LST token in DeFi while it is deposited in ether.fi? * Staking with eETH on [ether.fi](http://ether.fi/) automatically restakes your ETH and accrues staking rewards while allowing users to use eETH in other DeFi protocols. No other liquid staking protocol has this capability. Currently when users restake their other LST's as mentioned above, they lock their tokens, which breaks composability in DeFi. That is due to these LST's not providing a **native** **EigenLayer restaking integration** **eETH** 1. How do I mint eETH? * You can mint eETH through the ether.fi Dapp. Similar to other liquid staking protocols, simply stake your ETH, and in return, receive eETH. 2. What will I be able to do with eETH * We have many ecosystem partners which will allow eETH to be composable throughout the defi ecosystem. Please stay tuned to our socials for updates on launched integrations. 3. Will eETH be available on other chains * refer to [Layerzero](https://etherfi.gitbook.io/etherfi/getting-started/multichain-ecosystem/secure-bridging-with-layerzero) 4. Can I only unwrap eETH directly on ether.fi * Yes. 5. What will be my yield on eETH? * You will earn Ethereum execution and consensus layer staking rewards + loyalty points + EigenLayer restaking rewards. As EigenLayer is not yet in its final form to onboard active validator services, we can not provide a reliable estimate of these rewards. That being said, Ether.fi will be remitting any rewards received from EigenLayer that are earned from being an early depositor into the protocol - this is inclusive of any points received. #### **weETHs, weETHk, and eBTC** **1. How do I mint weETHs, weETHk, or eBTC?** You can mint any of these tokens via our [stake page](https://app.ether.fi/eeth) on the Ether.fi Dapp. Simply choose your desired restaking token and deposit to mint the token of your choice! **2. What can I do with weETHs, weETHk, or eBTC?** We have many ecosystem partners that enable these tokens to be composable throughout the DeFi ecosystem. Stay tuned to our socials for updates on new integrations. **3. Will these tokens be available on other chains?** Although our vaults are built to be cross-chain compatible, these staking options are currently only available on the mainnet. **4. Can I only withdraw weETHs, weETHk, or eBTC directly on Ether.fi?** While you can always withdraw these tokens from our [Stake page](https://app.ether.fi/eeth), you can also choose to swap these tokens via some of our partner protocols, such as Curve. However, please note that this may incur slippage. If you want to avoid slippage, you can withdraw directly on our [Stake page](https://app.ether.fi/eeth). **5. What will be my yield on weETHs, weETHk, or eBTC?** Your rewards will vary depending on the product you choose: * **weETHs**: Earns Etherfi points, Symbiotic points, and Veda points alongside the native vault yield, represented by a 7-day trailing average APY. * **weETHk**: Earns Etherfi points, Karak points, and Veda points alongside the native vault yield, represented by a 7-day trailing average APY. * **eBTC**: Earns a variety of points including Lombard, Babylon, Eigenlayer, Karak, Symbiotic, Etherfi, and Veda points, along with an APY represented by a 7-day trailing average. **Ether.fan** With the roll-out of eETH, we want to ensure we address any questions regarding how ether.fans will co-exist. 1. Do I need to deposit the ETH in my ether.fan into EigenLayer for it to be restaked? * No. This is all handled by the protocol in the back-end. You just need to simply continue holding your ether.fan and the rest will be taken care of on your behalf. 2. Will I be able to migrate my loyalty points attached to my [ether.fan](http://ether.fan) to my eETH deposit? * Yes. Users are able to swap the ETH in their fan, and associated Loyalty Points, directly from ether.fan to eETH. Note however that if you minted your fan less than 6 months ago, you will still incur the ether.fan burn fee with this swap. 3. Will I be able to migrate the ETH wrapped in my [ether.fan](http://ether.fan) to eETH? * Yes. Users are able to swap the ETH in their fan, and associated Loyalty Points as stated above, directly from ether.fan to eETH. Note that if you minted your fan < 6 months ago, you will still incur the burn fee with this swap. As always, you can withdraw up to 49% of the ETH in your [ether.fan](http://ether.fan) and mint eETH however. This will allow you to keep the loyalty points in your ether.fan (without burning your NFT) and mint eETH with the withdrawn ETH. 4. When will the burn fee be removed? * ether.fan holders who have held their ether.fan 6 months from the initial **mint date** will no longer pay a burn fee. 5. Is it possible to use ether.fan NFT's as collateral in lending protocols in the future? * As of right now, this will only be possible for eETH. We encourage our community and other protocols that have use cases for ether.fan NFT's to contact us for partnerships. 6. I am still deposited in the EAP (early adopter pool), can I mint eETH from my EAP deposit instead of an ether.fan. * No. The migration of funds from the EAP to ether.fan / eETH is now closed. Please open a support ticket if you'd like to request assistance in withdrawing your ETH. 7. What happens to my EAP deposit? Where can I access these funds? * Your funds deposited into the EAP are not going anywhere and remain in the contract. Please note that you are not earning rewards in the Early adopter pool. We recommend that you open a ticket on ether.fi website to get support on this migration. # Events # Dine Different Invite friends and earn 10% of their spend during the event. New users that are referred earn 10% cashback on dining and groceries.
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** The Dine Different promotion rewards ether.fi Cash users for inviting friends and spending with their ether.fi Cash card on [food-related purchases](https://etherfi.gitbook.io/etherfi/events/dine-different#approved-merchant-categories) during April 1-30, 2026. * Newly **referred** **users** that join through April, 2026 get 10% off food-related purchases. * Referrers (users who invite new users) receive 10% of their referrals' spend. Additionally, each day of the campaign, users can post a picture of a food or meal they purchased with their ether.fi Cash card on Twitter or Instagram and tag the ether.fi account. A panel of judges from the ether.fi team will evaluate all daily submissions based on originality, relevance to the theme (food and meals), and artistic value, selecting 1 winner per day to have their purchase reimbursed upon producing the receipt. ether.fi reserves the right to decline awarding a prize if no entries meet a minimum standard of quality or to select additional winners at its discretion. All decisions by the judging panel are final and binding. Regional Cashback Limits apply. Cashback on spending only applies to [Approved Merchant Categories](https://app.gitbook.com/o/Nqb5aBhJRAeufIcJncEa/s/G3Lk76lfvw9ecPIg0mK8/~/edit/~/changes/826/events/dine-different#approved-merchant-categories) for this campaign. ## **Campaign Period** **🗓️ April 1, 2026, 12:00 AM UTC – April 30, 2026, 11:59 PM UTC** A referral is considered successful only if the referred account is created during this period. Only qualifying purchases completed during this period are eligible for rewards. *** ## **Rewards Distribution:** **🗓️ On or before May 31, 2026** #### **Distribution of rewards will be 10% cashback, minus:** * 3% Cashback awarded instantly at time of purchase * Referral's 1% cashback on referred member's spend bonus awarded instantly at time of purchase *** ## **Total Reward Period** * **Total campaign cap:** up to **$50,000 USD** **equivalent (USDC)** shared across all eligible participants. * Once this cap is reached, [ether.fi](http://Ether.fi) may reduce or stop future accrual of Dine Different Rewards, even within the campaign period. *** ## **Reward Structure** #### 1. Referrer (Inviting User) If you invite friends who successfully onboard during the Campaign Window: * You earn **10% cashback** on each referral’s **eligible April Qualifying Purchases**, up to the **regional per-user cap** (see **Regional Limits** below). * Your total Dine Different Rewards from all referrals combined is capped at **$2,000 USD equivalent** in cashback rewards. #### 2. Referral (Invited User) If you are invited and sign up during the Campaign Window: * You earn 10% cashback on qualifying purchases made in Approved Merchant Categories through April, 2026. (See **Approved Merchant Categories** below.) *** ## **How to Qualify** #### Successful Referral (for Referrer Rewards) A successful referral is a user who: 1. Creates an Ether.fi Cash account via your referral link through April, 2026; and 2. Successfully completes KYC (identity verification); and 3. Activates at least one card (physical or virtual). Only successful referrals count toward: Your 10% Dine Different Reward on their Earning Window Qualifying Purchases #### Qualifying Purchases For both referrers and referrals, Qualifying Purchases generally means: * Posted (not pending) card purchases made with an [ether.fi](http://Ether.fi) Cash personal card during the **Earning Window** on restaurant and grocery-related (according to the **Approved Merchant Categories**) purchases using your Card Account, minus any returns, refunds, or credit adjustments [ether.fi](http://Ether.fi) may further define or restrict eligible spend at its discretion. #### Approved Merchant Categories
Category CodeCategory Name
5411Grocery Stores and Supermarkets
5812Eating Places and Restaurants
5499Miscellaneous Food Stores, Convenience Stores and Specialty Markets
5814Quick Payment Service, Fast Food Restaurants
5813Drinking Places
5462Bakeries
We categorize 'food' groceries and restaurants based on the merchant’s category code. Merchants are assigned this code based on their primary business. Because of this, some merchants might not qualify for the promotional cashback. Note: Food-delivery apps such as Uber Eats, iFood, etc may not be applicable in some regions. *** ## Regional Cashback Limits Dine Different Rewards are subject to regional caps per user:
RegionMax Reward on Referral Spend (USD equivalent)*
USA$60 Ă— number of referrals
Canada$40 Ă— number of referrals
LATAM$15 Ă— number of referrals
Europe$40 Ă— number of referrals
Middle East$60 Ă— number of referrals
APAC$35 Ă— number of referrals
AfricaN/A
“Max Reward on Referral Spend” refers to the maximum 10% Dine Different Reward the **referrer** can earn from all referred users in that region, per referral, subject to the overall **$2,000** referrer cap and **$50,000** campaign cap. Example: Albert refers two people: Bianca, who lives in the U.S., and Roger, who lives in Canada. * From Bianca’s spending during the campaign, Albert can earn **10%**, capped at **$60**. * From Roger’s spending during the campaign, Albert can earn **10%**, capped at **$40**. If your region is not listed or is marked N/A, the promotion may not be available in your Region. *** ## **Eligibility** * Promotion available only to **supported regions** where [ether.fi](http://Ether.fi) Cash is available and where such promotions are permitted by law. * You must: * Have an active [ether.fi](http://Ether.fi) Cash account in good standing. * Have completed KYC. * Use a **personal** (non-business) card. * Business or commercial accounts may be excluded from this promotion. * Additional geographic or regulatory restrictions may apply. ## **Exclusions** The following **do not** count toward eligible spend or may reduce it: * Cash advances, ATM withdrawals, and similar cash-equivalent transactions. * P2P transfers, money orders, and gambling transactions where restricted. * Refunded, reversed, pending or chargeback transactions. * Fraudulent, abusive, or suspicious activity as determined by [ether.fi](http://Ether.fi). [ether.fi](http://Ether.fi) may update or refine the exclusions list as required by applicable law or risk policies. ## **Reward Distribution** * Rewards (USDC) are expected to be distributed on or before **May 31, 2026**, but [ether.fi](http://Ether.fi) may reasonably adjust this timeline. ## **Anti-Gaming and Fraud Monitoring** * Returned or refunded purchases will **reduce** your eligible spend and may reduce your cashback. * [ether.fi](http://Ether.fi) reserves the right to: * Disqualify users exhibiting suspicious, abusive, or fraudulent behavior. * Withhold, reduce, claw back, or cancel rewards if misuse or gaming is suspected. * Block certain account actions (such as email changes) for referred users during or after the campaign for fraud-prevention reasons. * [ether.fi](http://Ether.fi)’s decisions regarding eligibility, rewards, and disqualifications are **final and binding**. ## Miscellaneous * [ether.fi](http://Ether.fi) may modify, suspend, or terminate the Dine Different promotion at any time, including changing reward rates, caps, or dates, where permitted by law. * In the event of any conflict between these terms and other communications, these terms will govern. * Participation constitutes acceptance of these terms, the [ether.fi](http://Ether.fi) Cash terms of use, and any applicable privacy or product policies. # Ride & Dine New members can earn up to 15% cashback on restaurants, groceries and ride sharing. Invite friends and earn 10% of their spend during the campaign.
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** The Ride & Dine promotion rewards ether.fi Cash members for inviting friends and spending with their ether.fi Cash card on restaurants, groceries and ride sharing purchases during February 16 - March 31, 2026. * **New members** that join between February 16 - March 31 receive 10% cashback on their own spend for qualifying purchases. If they were referred, they will receive 15% cashback. * **Referrers** (members who invite new members) receive 10% cashback on their referrals' spend. Regional Cashback Limits apply. Cashback on food spending only applies to Approved Merchant Categories. ## **Campaign Period** 🗓️ **February 16, 2026**, 12:00 AM UTC **– March 31, 2026**, 11:59 PM UTC A referral is considered successful only if the referred account is created during this period. Only qualifying purchases completed during this period are eligible for rewards. *** ## **Rewards Distribution:** **🗓️ On or before April 31, 2026** #### **Distribution of rewards will be 10% or 15% cashback, minus:** * 3% Cashback awarded instantly at time of purchase * Referral's 1% cashback on referred member's spend bonus awarded instantly at time of purchase *** ## **Total Reward Period** * **Total campaign cap:** up to **$100,000 USD** **equivalent (USDC)** shared across all eligible participants. * Once this cap is reached, [ether.fi](http://Ether.fi) may reduce or stop future accrual of Ride & Dine Rewards, even within the campaign period. *** ## **Reward Structure** #### 1. Referrer (Inviting Member) If you invite friends who successfully onboard during the Campaign Window: * You earn **10% cashback** on each referral’s **eligible Qualifying Purchases**, up to the **regional per-member cap** (see **Regional Limits** below). #### 2. Referral (Invited New Member) If you are invited and sign up during the Campaign Window: * You earn **15% cashback** on qualifying purchases made in Approved Merchant Categories during the campaign period. (See **Approved Merchant Categories** below.) #### 3. New Member (Not Invited/Referred) If you signed up but are not referred during the Campaign Window: * You earn 10% cashback on qualifying purchases made in Approved Merchant Categories during the campaign period. (See **Approved Merchant Categories** below.) All Ride & Dine Rewards combined are capped at **$5,000 USD equivalent** in cashback rewards. The minimum payout amount is $5 USD **equivalent** in cashback rewards. *** ## **How to Qualify** #### Successful Referral (for Referrer Rewards) A successful referral is a member who: 1. Creates an Ether.fi Cash account via your referral link between February 16 – March 31, 2026; and 2. Successfully completes KYC (identity verification); and 3. Activates at least one card (physical or virtual). Only successful referrals count toward: Your 10% Ride & Dine Reward on their Qualifying Purchases within the Earning Window. #### Qualifying Purchases For both referrers and referrals, Qualifying Purchases generally means: * Posted (not pending) card purchases made with an [ether.fi](http://Ether.fi) Cash personal card during the **Earning Window** (February 16 – March 31, 2026) on purchases with Approved Merchant Categories using your Card Account, minus any returns, refunds, or credit adjustments [ether.fi](http://Ether.fi) may further define or restrict eligible spend at its discretion. #### Approved Merchant Categories
Category CodeCategory Name
5411Grocery Stores and Supermarkets
5812Eating Places and Restaurants
5499Miscellaneous Food Stores, Convenience Stores and Specialty Markets
5814Quick Payment Service, Fast Food Restaurants
5813Drinking Places
5462Bakeries
4121Taxicabs/Limousines (Rideshare)
4215Courier Services - Air and Ground, and Freight Forwarders (Food Delivery)
Note: Food-delivery apps such as Uber Eats, iFood, etc may not be applicable in some regions. *** ## Regional Cashback Limits Ride & Dine Rewards are subject to regional caps per member:
RegionMax Reward on Referral Spend (USD equivalent)*
USA$60 Ă— number of referrals
Canada$40 Ă— number of referrals
LATAM$15 Ă— number of referrals
Europe$40 Ă— number of referrals
Middle East$60 Ă— number of referrals
APAC$35 Ă— number of referrals
AfricaN/A
These caps apply to referred and non-referred users who are eligible to participate in this campaign. *** ## **Eligibility** * Promotion available only to **supported regions** where [ether.fi](http://Ether.fi) Cash is available and where such promotions are permitted by law. * You must: * Have an active [ether.fi](http://Ether.fi) Cash account in good standing. * Have completed KYC. * Use a **personal** (non-business) card. * Business or commercial accounts may be excluded from this promotion. * Additional geographic or regulatory restrictions may apply. ## **Exclusions** The following **do not** count toward eligible spend or may reduce it: * Cash advances, ATM withdrawals, and similar cash-equivalent transactions. * P2P transfers, money orders, and gambling transactions where restricted. * Refunded, reversed, pending or chargeback transactions. * Fraudulent, abusive, or suspicious activity as determined by [ether.fi](http://Ether.fi). [ether.fi](http://Ether.fi) may update or refine the exclusions list as required by applicable law or risk policies. ## **Reward Distribution** * Rewards (USDC) are expected to be distributed on or before **April 31, 2026**, but [ether.fi](http://Ether.fi) may reasonably adjust this timeline. ## **Anti-Gaming and Fraud Monitoring** * Returned or refunded purchases will **reduce** your eligible spend and may reduce your cashback. * [ether.fi](http://Ether.fi) reserves the right to: * Disqualify members exhibiting suspicious, abusive, or fraudulent behavior. * Withhold, reduce, claw back, or cancel rewards if misuse or gaming is suspected. * Block certain account actions (such as email changes) for referred members during or after the campaign for fraud-prevention reasons. * [ether.fi](http://Ether.fi)’s decisions regarding eligibility, rewards, and disqualifications are **final and binding**. ## Miscellaneous * [ether.fi](http://Ether.fi) may modify, suspend, or terminate the **Ride & Dine** promotion at any time, including changing reward rates, caps, or dates, where permitted by law. * In the event of any conflict between these terms and other communications, these terms will govern. * Participation constitutes acceptance of these terms, the [ether.fi](http://Ether.fi) Cash terms of use, and any applicable privacy or product policies. # Lunar New Year 2026 Members referred through ether.fi Affiliates get 8% cashback when they spend $88+ during the campaign. Additionally, invite friends and earn 8% of their spend.
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** The Lunar New Year promotion rewards ether.fi Cash members for inviting friends and spending with their ether.fi Cash card during February 8–28, 2026. * Newly referred members that join and spend $88 or more during the campaign period receive 8% cashback on their spend. * Referrers (members who invite new members) receive 8% of their referrals' spend. Regional Cashback Limits apply ## **Campaign Period** 🗓️ **February 8, 2026**, 12:00 AM UTC **– February 28, 2026**, 11:59 PM UTC A referral is considered successful only if the referred account is created during this period. *** ## **Rewards Distribution:** **🗓️ On or before March 31, 2026** #### **Distribution of rewards will be 8% cashback, minus:** * 3% Cashback awarded instantly at time of purchase * Referral's 1% cashback on referred member's spend bonus awarded instantly at time of purchase *** ## **Total Reward Period** * **Total campaign cap:** up to **$20,000 USD** **equivalent (USDC)** shared across all eligible participants. * Once this cap is reached, [ether.fi](http://Ether.fi) may reduce or stop future accrual of **Lunar New Year** Rewards, even within the campaign period. *** ## **Reward Structure** #### 1. Referrer (Inviting Member) If you invite friends who successfully onboard during the Campaign Window: * You earn 8**% cashback** on each referral’s **Qualifying Purchases** during the **Campaign Period**, up to the **regional per-member cap** (see **Regional Limits** below). * Your total **Lunar New Year** Rewards from all referrals combined is capped at **$500 USD equivalent** in cashback rewards. #### 2. Referral (Invited Member) If you are invited and sign up during the Campaign Window: * You earn 8% cashback on qualifying purchases made in Approved Merchant Categories during the Campaign Period. *** ## **How to Qualify** #### Successful Referral (for Referrer Rewards) A successful referral is a member who: 1. Creates an Ether.fi Cash account via your referral link between February 8–28, 2026; and 2. Successfully completes KYC (identity verification); and 3. Activates at least one card (physical or virtual). Only successful referrals count toward: Your 8% **Lunar New Year** Reward on their Earning Window. *** ## Regional Cashback Limits **Lunar New Year** Rewards are subject to regional caps per member:
RegionMax Reward on Referral Spend (USD equivalent)*
APAC$35 Ă— number of referrals
“Max Reward on Referral Spend” refers to the maximum 8% **Lunar New Year** Reward the **referrer** can earn from all referred members in that region, per referral, subject to the overall **$500** referrer cap and **$20,000** campaign cap. *** ## **Eligibility** * Promotion available only to **supported regions** where [ether.fi](http://Ether.fi) Cash is available and where such promotions are permitted by law. * You must: * Have an active [ether.fi](http://Ether.fi) Cash account in good standing. * Have completed KYC. * Use a **personal** (non-business) card. * Business or commercial accounts may be excluded from this promotion. * Additional geographic or regulatory restrictions may apply. ## **Exclusions** The following **do not** count toward eligible spend or may reduce it: * Cash advances, ATM withdrawals, and similar cash-equivalent transactions. * P2P transfers, money orders, and gambling transactions where restricted. * Refunded, reversed, pending or chargeback transactions. * Fraudulent, abusive, or suspicious activity as determined by [ether.fi](http://Ether.fi). [ether.fi](http://Ether.fi) may update or refine the exclusions list as required by applicable law or risk policies. ## **Reward Distribution** * Rewards (USDC) are expected to be distributed on or before **March 31, 2026**, but [ether.fi](http://Ether.fi) may reasonably adjust this timeline. ## **Anti-Gaming and Fraud Monitoring** * Returned or refunded purchases will **reduce** your eligible spend and may reduce your cashback. * [ether.fi](http://Ether.fi) reserves the right to: * Disqualify members exhibiting suspicious, abusive, or fraudulent behavior. * Withhold, reduce, claw back, or cancel rewards if misuse or gaming is suspected. * Block certain account actions (such as email changes) for referred members during or after the campaign for fraud-prevention reasons. * [ether.fi](http://Ether.fi)’s decisions regarding eligibility, rewards, and disqualifications are **final and binding**. ## Miscellaneous * [ether.fi](http://Ether.fi) may modify, suspend, or terminate the **Lunar New Year** promotion at any time, including changing reward rates, caps, or dates, where permitted by law. * In the event of any conflict between these terms and other communications, these terms will govern. * Participation constitutes acceptance of these terms, the [ether.fi](http://Ether.fi) Cash terms of use, and any applicable privacy or product policies. # Spend and Earn Referred users who spend US$100 by the February 15, 2026 get R$100 back. ## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** The Spend and Earn ("**Gaste e Ganhe")** promotion rewards ether.fi Cash users for inviting friends and spending with their ether.fi Cash card during February 3-15, 2026.
Regional Cashback Limits apply. Rewards apply if you are referred by eligible referrals: * zucher * rogeriom * evandropit * guioliveira * dantas * gemeos * tubacast * bevilaqua * duoporai * victoralfa * bitnoob * remora * matico * criptopro * augusto * barbara * gabrieldella
## **Campaign Period** 🗓️ **Campaign Window:** February 3, 2026, 12:00 AM UTC – February 15, 2026, 11:59 PM UTC (Only accounts created via referral during this window count as “successful referrals.”) 🗓️ **Earning Window (Spend):** February 3, 2026, 12:00 AM UTC – February 15, 2026, 11:59 PM UTC (Only Qualifying Purchases posted during February counts toward Spend and Earn ("**Gaste e Ganhe")** Rewards.) 🗓️ **Distribution Date:** On or before March 31, 2026 Distribution of rewards include * 100 Reais equivalent (USDC) to qualified user's Member Vault *** ## **Total Reward Period** * **Total campaign cap:** up to **$10,000 USD** **equivalent (USDC)** shared across all eligible participants. * Once this cap is reached, [ether.fi](http://Ether.fi) may reduce or stop future accrual of Spend and Earn ("**Gaste e Ganhe")** Rewards, even within the campaign period. *** ## **Reward Structure** #### 1. Affiliates (Inviting Member) If you invite friends who successfully onboard during the Campaign Window: * Your total Spend and Earn ("**Gaste e Ganhe")** Rewards from all referrals combined is capped at **$500 USD equivalent** in cashback rewards. #### 2. Referral (Invited User) If you are invited and sign up during the Campaign Window and spend $100 USD within the **Campaign Window**: * You earn 100 Reis equivalent (USDC), paid out by the end of March, 2026. *** ## **How to Qualify** #### Successful Referral (for Referrer Rewards) A successful referral is a user who: 1. Creates an Ether.fi Cash account via your referral link between February 3 – 15, 2026; and 2. Successfully completes KYC (identity verification); and 3. Activates at least one card (physical or virtual). 4. Spends $100 or more within the promo period. #### Qualifying Purchases For both referrers and referrals, Qualifying Purchases generally means: * Posted (not pending) card purchases made with an [ether.fi](http://Ether.fi) Cash personal card during the **Earning Window** (February 3 – 15, 2026) using your Card Account, minus any returns, refunds, or credit adjustments. [ether.fi](http://Ether.fi) may further define or restrict eligible spend at its discretion. *** ## Regional Cashback Limits **Spend and Earn** Rewards are subject to regional caps per user:
RegionMax Reward on Referral Spend (USD equivalent)*
LATAM$20 Ă— number of referrals
*** ## **Eligibility** * Promotion available only to **supported regions** where [ether.fi](http://Ether.fi) Cash is available and where such promotions are permitted by law. * You must: * Have an active [ether.fi](http://Ether.fi) Cash account in good standing. * Have completed KYC. * Use a **personal** (non-business) card. * Business or commercial accounts may be excluded from this promotion. * Additional geographic or regulatory restrictions may apply. ## **Exclusions** The following **do not** count toward eligible spend or may reduce it: * Cash advances, ATM withdrawals, and similar cash-equivalent transactions. * P2P transfers, money orders, and gambling transactions where restricted. * Refunded, reversed, pending or chargeback transactions. * Fraudulent, abusive, or suspicious activity as determined by [ether.fi](http://Ether.fi). [ether.fi](http://Ether.fi) may update or refine the exclusions list as required by applicable law or risk policies. ## **Reward Distribution** * Rewards (USDC) are expected to be distributed on or before **March 28, 2026**, but [ether.fi](http://Ether.fi) may reasonably adjust this timeline. ## **Anti-Gaming and Fraud Monitoring** * Returned or refunded purchases will **reduce** your eligible spend and may reduce your cashback. * [ether.fi](http://Ether.fi) reserves the right to: * Disqualify users exhibiting suspicious, abusive, or fraudulent behavior. * Withhold, reduce, claw back, or cancel rewards if misuse or gaming is suspected. * Block certain account actions (such as email changes) for referred users during or after the campaign for fraud-prevention reasons. * [ether.fi](http://Ether.fi)’s decisions regarding eligibility, rewards, and disqualifications are **final and binding**. ## Miscellaneous * [ether.fi](http://Ether.fi) may modify, suspend, or terminate the **Spend and Earn** promotion at any time, including changing reward rates, caps, or dates, where permitted by law. * In the event of any conflict between these terms and other communications, these terms will govern. * Participation constitutes acceptance of these terms, the [ether.fi](http://Ether.fi) Cash terms of use, and any applicable privacy or product policies. # Spend, Eat, Earn Invite friends and earn 10% of their spend during the campaign. New users can earn up to 15% cashback on restaurants and groceries!
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** The **Spend, Eat, Earn** promotion rewards ether.fi Cash users for inviting friends and spending with their ether.fi Cash card on food-related purchases during January 7-31, 2026. * New **organic users** that join between Jan 7 - February 15 get 10% off food-related purchases. * Newly **referred** **users** that join between Jan 7 - February 15 get 15% off food-related purchases. * Referrers (users who invite new users) receive 10% of their referrals' spend. Regional Cashback Limits apply. Cashback on food spending only applies to Approved Merchant Categories. ## **Campaign Period** 🗓️ **January 7, 2026**, 12:00 AM UTC **– February 15, 2026**, 11:59 PM UTC A referral is considered successful only if the referred account is created during this period. Only qualifying purchases completed during this period are eligible for rewards. *** ## **Rewards Distribution:** **🗓️ On or before March 31, 2026** #### **Distribution of rewards will be 10-15% cashback, minus:** * 3% Cashback awarded instantly at time of purchase * Referral's 1% cashback on referred member's spend bonus awarded instantly at time of purchase *** ## **Total Reward Period** * **Total campaign cap:** up to **$100,000 USD** **equivalent (USDC)** shared across all eligible participants. * Once this cap is reached, [ether.fi](http://Ether.fi) may reduce or stop future accrual of **Spend, Eat, Earn** Rewards, even within the campaign period. *** ## **Reward Structure** #### 1. Referrer (Inviting User) If you invite friends who successfully onboard during the Campaign Window: * You earn **10% cashback** on each referral’s **eligible January and February Qualifying Purchases**, up to the **regional per-user cap** (see **Regional Limits** below). * Your total **Spend, Eat, Earn** Rewards from all referrals combined is capped at **$5,000 USD equivalent** in cashback rewards. #### 2. Referral (Invited User) If you are invited and sign up during the Campaign Window: * You earn 15% cashback on qualifying purchases made in Approved Merchant Categories during the months of January and February, 2026. (See **Approved Merchant Categories** below.) #### 3. Organic New User If you organically (not invited) signed up during the Campaign Window: * You earn 10% cashback on qualifying purchases made in Approved Merchant Categories during the months of January and February, 2026. (See **Approved Merchant Categories** below.) *** ## **How to Qualify** #### Successful Referral (for Referrer Rewards) A successful referral is a user who: 1. Creates an Ether.fi Cash account via your referral link between January 7– February 28, 2026; and 2. Successfully completes KYC (identity verification); and 3. Activates at least one card (physical or virtual). Only successful referrals count toward: Your 10% Spend, Eat, Earn Reward on their Earning Window Qualifying Purchases #### Qualifying Purchases For both referrers and referrals, Qualifying Purchases generally means: * Posted (not pending) card purchases made with an [ether.fi](http://Ether.fi) Cash personal card during the **Earning Window** (January 7 – February 28, 2026) on restaurant and grocery-related (according to the Approved Merchant Categories) purchases using your Card Account, minus any returns, refunds, or credit adjustments [ether.fi](http://Ether.fi) may further define or restrict eligible spend at its discretion. #### Approved Merchant Categories
Category CodeCategory Name
5411Grocery Stores and Supermarkets
5812Eating Places and Restaurants
5499Miscellaneous Food Stores, Convenience Stores and Specialty Markets
5814Quick Payment Service, Fast Food Restaurants
5813Drinking Places
5462Bakeries
Note: Food-delivery apps such as Uber Eats, iFood, etc may not be applicable in some regions. *** ## Regional Cashback Limits **Spend, Eat, Earn** Rewards are subject to regional caps per user:
RegionMax Reward on Referral Spend (USD equivalent)*
USA$60 Ă— number of referrals
Canada$40 Ă— number of referrals
LATAM$15 Ă— number of referrals
Europe$40 Ă— number of referrals
Middle East$60 Ă— number of referrals
APAC$35 Ă— number of referrals
AfricaN/A
“Max Reward on Referral Spend” refers to the maximum 10% **Spend, Eat, Earn** Reward the **referrer** can earn from all referred users in that region, per referral, subject to the overall **$1,000** referrer cap and **$50,000** campaign cap. Example: Albert refers two people: Bianca, who lives in the U.S., and Roger, who lives in Canada. * From Bianca’s spending during the campaign, Albert can earn **10%**, capped at **$60**. * From Roger’s spending during the campaign, Albert can earn **10%**, capped at **$40**. If your region is not listed or is marked N/A, the promotion may not be available in your Region. *** ## **Eligibility** * Promotion available only to **supported regions** where [ether.fi](http://Ether.fi) Cash is available and where such promotions are permitted by law. * You must: * Have an active [ether.fi](http://Ether.fi) Cash account in good standing. * Have completed KYC. * Use a **personal** (non-business) card. * Business or commercial accounts may be excluded from this promotion. * Additional geographic or regulatory restrictions may apply. ## **Exclusions** The following **do not** count toward eligible spend or may reduce it: * Cash advances, ATM withdrawals, and similar cash-equivalent transactions. * P2P transfers, money orders, and gambling transactions where restricted. * Refunded, reversed, pending or chargeback transactions. * Fraudulent, abusive, or suspicious activity as determined by [ether.fi](http://Ether.fi). [ether.fi](http://Ether.fi) may update or refine the exclusions list as required by applicable law or risk policies. ## **Reward Distribution** * Rewards (USDC) are expected to be distributed on or before **February 28, 2026**, but [ether.fi](http://Ether.fi) may reasonably adjust this timeline. ## **Anti-Gaming and Fraud Monitoring** * Returned or refunded purchases will **reduce** your eligible spend and may reduce your cashback. * [ether.fi](http://Ether.fi) reserves the right to: * Disqualify users exhibiting suspicious, abusive, or fraudulent behavior. * Withhold, reduce, claw back, or cancel rewards if misuse or gaming is suspected. * Block certain account actions (such as email changes) for referred users during or after the campaign for fraud-prevention reasons. * [ether.fi](http://Ether.fi)’s decisions regarding eligibility, rewards, and disqualifications are **final and binding**. ## Miscellaneous * [ether.fi](http://Ether.fi) may modify, suspend, or terminate the **Spend, Eat, Earn** promotion at any time, including changing reward rates, caps, or dates, where permitted by law. * In the event of any conflict between these terms and other communications, these terms will govern. * Participation constitutes acceptance of these terms, the [ether.fi](http://Ether.fi) Cash terms of use, and any applicable privacy or product policies. # New Year's ETH It’s New Year’s ETH! Over $200,000 in rewards. Spend with the Cash card or invite friends to win tokens like BTC, ETH and more!
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. Cashback rewards distributed as cashback denominated in wETH. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). *** ## **Overview** In order to participate in the Contest new users must complete KYC, fund their account and spend more than $100 on their [ether.fi](http://ether.fi) Cash card (”Qualified New Users”). All users who refer Qualified New Users can participate as well (”Referrers”.) For the duration of the Contest all Qualified New Users and Referrers will be eligible to receive Gift Boxes. Each Gift Box will be redeemable for one or more tokens. A Qualified New User receives one Gift Box once they spend $100, and receives an additional Gift Box once they spend $1000. All Referrers receive a Gift Box for referring each Qualified New Users, up to a maximum of 10 Gift Boxes per user. Gift Boxes contain a variety of tokens that vary in value, up to a maximum of 1 ETH. *** ## **How to enter** **For new users:** * New users must create new account, complete KYC, fund their account and get a Cash card to become a Qualified New User. They can get up to two Gift Boxes — by spending $100 for 1 Gift Box and spending $1000 to get a second Gift Box. **All users, including new and existing users:** * Refer Qualified New Users who spend over $100 to earn a Gift Box. * Maximum of 10 gift boxes per user. As soon as users earn a gift box they will be able to reveal the tokens inside the Gift Box through a game of skill, described below. When revealing the contents of the Gift Box, users will choose from boxes with a corresponding code. *** ## **Contest rules** Total prize pool will be up to $222,222 USD in value, depending on the numbers of Qualified New Users and qualified referrals. See below for more details. The reward in each Gift Box will be one of the following in the table below. The quantity of each reward per 500 Gift Boxes is also indicated:
S Tier (1 per 500)A Tier (199 out of 500)D Tier (300 out of 500) 1 token
ETH40 ETHFIPEPE
1 HYPEDOGE
30 Liquid USDREZ
0.01 Liquid ETHBONK
SHIB
MOODENG
FARTCOIN
WLFI
PENGU
WIF
SNEK
RETARDIO
PNUT
CANCER
TROLL
LADYS
CUMMIES
Each 500 Gift Boxes awarded will follow a predetermined order of the rewards above assigned. The order in which the 500 rewards are claimed by users will be based on the order in which they are claimed and a selected number upon opening a Gift Box. Tokens may be distributed as liquid staked variations and users will have a choice to receive the USDC equivalent value of the reward token. *** ## **Eligibility** New Years ETH Contest (“Contest”) is open from December 22nd 2025 to December 31st 2025. The Content may be extended at the discretion of [ether.fi](http://ether.fi). The Contest is open to individuals who (i) are at least 18 years of age (or the age of majority in their jurisdiction of residence, whichever is greater), and (ii) are legal residents of jurisdictions where participation is not prohibited by law. Terms apply. * Promotion available only to **supported regions** where [Ether.fi](http://Ether.fi) Cash is available and where such promotions are permitted by law. * You must: * Have an active [Ether.fi](http://Ether.fi) Cash account in good standing. * Have completed KYC. * Use a **personal** (non-business) card. * Business or commercial accounts may be excluded from this promotion. * Additional geographic or regulatory restrictions may apply. ## **Exclusions & Restrictions** All Gift Boxes are subject to the following restrictions and may be revoked at any time for any reason by [ether.fi](http://ether.fi). The restrictions are as follow: * Users are not to farm or manufacture spend in order to reach the $100 and $1000 threshold. Any artificial spend will be grounds for disqualification. * No referral rings in order to boost Gift Boxes earned. * The following **do not** count toward eligible spend or may reduce it: * Cash advances, ATM withdrawals, and similar cash-equivalent transactions. * P2P transfers, money orders, and gambling transactions where restricted. * Refunded, reversed, pending or chargeback transactions. * Fraudulent, abusive, or suspicious activity as determined by [Ether.fi](http://Ether.fi). [Ether.fi](http://Ether.fi) may update or refine the exclusions list as required by applicable law or risk policies. ## **Reward Distribution** * Rewards are expected to be distributed on or before **January 31, 2026**, but [Ether.fi](http://Ether.fi) may reasonably adjust this timeline. ## **Anti-Gaming and Fraud Monitoring** * Returned or refunded purchases will **reduce** your eligible spend and may reduce your cashback. * [Ether.fi](http://Ether.fi) reserves the right to: * Disqualify users exhibiting suspicious, abusive, or fraudulent behavior. * Withhold, reduce, claw back, or cancel rewards if misuse or gaming is suspected. * Block certain account actions (such as email changes) for referred users during or after the campaign for fraud-prevention reasons. * [Ether.fi](http://Ether.fi)’s decisions regarding eligibility, rewards, and disqualifications are **final and binding**. ## Miscellaneous * [Ether.fi](http://Ether.fi) may modify, suspend, or terminate the **New Year's ETH** promotion at any time, including changing reward rates, caps, or dates, where permitted by law. * In the event of any conflict between these terms and other communications, these terms will govern. * Participation constitutes acceptance of these terms, the [Ether.fi](http://Ether.fi) Cash terms of use, and any applicable privacy or product policies. # 10 Days of ETHmas Invite friends, and you both earn 10% cashback on their spend back for 10 days! All cashback earned during the campaign will be denominated in wETH.
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. Cashback rewards distributed as cashback denominated in wETH. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** The 10 Days of ETHmas promotion rewards Ether.fi Cash users for inviting friends and spending with their Ether.fi Cash card during December 12-21 (inclusive). * Both the **referrer** and the **referred user** can earn **10% cashback** on eligible card spend during the campaign period, subject to regional limits, cashback cap and the overall campaign cap. * All cash back earned during this campaign will be denominated in wETH. ## **Campaign Period** **Referral Window:** 🗓️ December 12, 2025, 12:00 AM UTC – December 21, 2025, 11:59 PM UTC ("Successful referrals” are users who were referred and activated their cards within the campaign period.) **Earning Window (Spend):** 🗓️ December 12, 2025, 12:00 AM UTC – December 21, 2025, 11:59 PM UTC (Only Qualifying Purchases posted during the campaign period counts toward ETHmas Rewards.) **Distribution Date:** 🗓️ On or before January 31, 2026 Distribution of rewards will be 10% cashback, minus: * 3% Cashback awarded instantly at time of purchase * Referral's 1% cashback on referred member's spend bonus awarded instantly at time of purchase *** ## **Total Reward Period** * **Total campaign cap:** up to **$200,000 USD** **equivalent** in wETH cashback shared across all eligible participants. * Once this cap is reached, [Ether.fi](http://Ether.fi) may reduce or stop future accrual of ETHmas Rewards, even within the campaign period. *** ## **Reward Structure** #### 1. Referrer (Inviting User) If you invite friends who successfully onboard during the Referral Window: * You earn **10% cashback** on each referral’s **eligible December Qualifying Purchases**, up to the **regional per-user cap** (see **Regional Limits** below). * Your total ETHmas Rewards from all referrals combined is capped at **$5,000 USD** in cashback rewards. *** #### 2. Referral (Invited User) If you are invited and sign up during the Referral Window: * You earn **10% cashback** on your own **eligible December Qualifying Purchases**, up to your **regional self-spend cap**. *** ### Regional Limits ETHmas Rewards are subject to regional caps per user:
RegionMax Cashmas Reward on Self Spend (USD equivalent spend credit)Max Cashmas Reward on Referral Spend (USD equivalent spend credit)*
USA$60$60 Ă— number of referrals
Canada$40$40 Ă— number of referrals
LATAM$15$15 Ă— number of referrals
Europe$40$40 Ă— number of referrals
AfricaN/AN/A
Middle East$60$60 Ă— number of referrals
APAC$35$35 Ă— number of referrals
* “Max ETHmas Reward on Referral Spend” refers to the maximum 10% ETHmas Reward the **referrer** can earn from all referred users in that region, per referral, subject to the overall **$5,000** referrer cap and **$200,000** campaign cap. If your region is not listed or is marked N/A, the promotion may not be available in your Region. *** ## **How to Qualify** #### Successful Referral (for Referrer Rewards) A **successful referral** is a user who: 1. Creates an [Ether.fi](http://Ether.fi) Cash account via your referral link **between December 12–21, 2025**; and 2. Successfully completes **KYC (identity verification)**; and 3. **Activates at least one card** (physical or virtual). Only successful referrals count toward: * Your **10%** ETHmas **Reward** on their December Qualifying Purchases #### Qualifying Purchases For both referrers and referrals, Qualifying Purchases generally means: * Posted (not pending) card purchases made with an [Ether.fi](http://Ether.fi) Cash personal card during the **Earning Window** (December 12–21, 2025) on purchases of goods and services made for personal, family, or household purposes using your Card Account, minus any returns, refunds, or credit adjustments [Ether.fi](http://Ether.fi) may further define or restrict eligible spend at its discretion. *** ## **Eligibility** * Promotion available only to **supported regions** where [Ether.fi](http://Ether.fi) Cash is available and where such promotions are permitted by law. * You must: * Have an active [Ether.fi](http://Ether.fi) Cash account in good standing. * Have completed KYC. * Use a **personal** (non-business) card. * Business or commercial accounts may be excluded from this promotion. * Additional geographic or regulatory restrictions may apply. ## **Exclusions** The following **do not** count toward eligible spend or may reduce it: * Cash advances, ATM withdrawals, and similar cash-equivalent transactions. * P2P transfers, money orders, and gambling transactions where restricted. * Refunded, reversed, pending or chargeback transactions. * Fraudulent, abusive, or suspicious activity as determined by [Ether.fi](http://Ether.fi). [Ether.fi](http://Ether.fi) may update or refine the exclusions list as required by applicable law or risk policies. ## **Reward Distribution** * All ETHmas Rewards are distributed as cashback in wETH to your [Ether.fi](http://Ether.fi) Cash account. * Rewards are expected to be distributed on or before **January 31, 2026**, but [Ether.fi](http://Ether.fi) may reasonably adjust this timeline. ## **Anti-Gaming and Fraud Monitoring** * Returned or refunded purchases will **reduce** your eligible spend and may reduce your cashback. * [Ether.fi](http://Ether.fi) reserves the right to: * Disqualify users exhibiting suspicious, abusive, or fraudulent behavior. * Withhold, reduce, claw back, or cancel rewards if misuse or gaming is suspected. * Block certain account actions (such as email changes) for referred users during or after the campaign for fraud-prevention reasons. * [Ether.fi](http://Ether.fi)’s decisions regarding eligibility, rewards, and disqualifications are **final and binding**. ## Miscellaneous * [Ether.fi](http://Ether.fi) may modify, suspend, or terminate the **10 Days of** ETHmas promotion at any time, including changing reward rates, caps, or dates, where permitted by law. * In the event of any conflict between these terms and other communications, these terms will govern. * Participation constitutes acceptance of these terms, the [Ether.fi](http://Ether.fi) Cash terms of use, and any applicable privacy or product policies. # 10 Days of Cashmas Invite friends, and you both earn 10% cashback on their spend back for 10 days! Plus, refer 10+ friends for a chance to earn a VIP membership.
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. Cashback rewards distributed as spend credits, not cash. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** The 10 Days of Cashmas promotion rewards Ether.fi Cash users for inviting friends and spending with their Ether.fi Cash card during December. * Both the **referrer** and the **referred user** can earn **10% cashback** on eligible December card spend, subject to regional limits, spend credit cap and the overall campaign cap. * Highly engaged referrers can also qualify to earn a **12-month VIP card**. Cashmas promotion rewards (”Cashmas Rewards”) are distributed as spend credits. ## **Campaign Period** **Referral Window:** 🗓️ December 1, 2025, 12:00 AM UTC – December 10, 2025, 11:59 PM UTC (Only accounts created via referral during this window count as “successful referrals.”) **Earning Window (Spend):** 🗓️ December 1, 2025, 12:00 AM UTC – December 10, 2025, 11:59 PM UTC (Only Qualifying Purchases posted during December counts toward Cashmas Rewards.) **Distribution Date:** 🗓️ On or before January 31, 2026 Distribution of rewards will be 10% cashback, minus: * 3% Cashback awarded instantly at time of purchase * Referral's 1% cashback on referred member's spend bonus awarded instantly at time of purchase *** ## **Total Reward Period** * **Total campaign cap:** up to **$200,000 USD** **equivalent** in spend credits shared across all eligible participants. * Once this cap is reached, [Ether.fi](http://Ether.fi) may reduce or stop future accrual of Cashmas Rewards, even within the campaign period. *** ## **Reward Structure** #### 1. Referrer (Inviting User) If you invite friends who successfully onboard during the Referral Window: * You earn **10% cashback** on each referral’s **eligible December Qualifying Purchases**, up to the **regional per-user cap** (see **Regional Limits** below). * Your total Cashmas Rewards from all referrals combined is capped at **$5,000 USD equivalent** in spend credits. **VIP Card Rewards** If you make **10 or more successful referrals** during the campaign: * You become eligible to earn a **VIP card** valid for **12 months**. * A total of **10 VIP cards** will be awarded to the **top spenders based on personal spending** among all users who have at least 10 successful referrals. * Awardees will be notified on or around **December 25, 2025**. * VIP cards are expected to be shipped on or around **December 31, 2025**. *** #### 2. Referral (Invited User) If you are invited and sign up during the Referral Window: * You earn **10% cashback** on your own **eligible December Qualifying Purchases**, up to your **regional self-spend cap**. *** ### Regional Limits Cashmas Rewards are subject to regional caps per user:
RegionMax Cashmas Reward on Self Spend (USD equivalent spend credit)Max Cashmas Reward on Referral Spend (USD equivalent spend credit)*
USA$60$60 Ă— number of referrals
Canada$40$40 Ă— number of referrals
LATAM$15$15 Ă— number of referrals
Europe$40$40 Ă— number of referrals
AfricaN/AN/A
Middle East$60$60 Ă— number of referrals
APAC$35$35 Ă— number of referrals
* “Max Cashmas Reward on Referral Spend” refers to the maximum 10% Cashmas Reward the **referrer** can earn from all referred users in that region, per referral, subject to the overall **$5,000** referrer cap and **$200,000** campaign cap. If your region is not listed or is marked N/A, the promotion may not be available in your Region. *** ## **How to Qualify** #### Successful Referral (for Referrer Rewards) A **successful referral** is a user who: 1. Creates an [Ether.fi](http://Ether.fi) Cash account via your referral link **between December 1–10, 2025**; and 2. Successfully completes **KYC (identity verification)**; and 3. **Activates at least one card** (physical or virtual). Only successful referrals count toward: * Your **10% Cashmas Reward** on their December Qualifying Purchases * Your **10+ referral** eligibility for VIP card consideration. #### Qualifying Purchases For both referrers and referrals, Qualifying Purchases generally means: * Posted (not pending) card purchases made with an [Ether.fi](http://Ether.fi) Cash personal card during the **Earning Window** (December 1–10, 2025) on purchases of goods and services made for personal, family, or household purposes using your Card Account, minus any returns, refunds, or credit adjustments [Ether.fi](http://Ether.fi) may further define or restrict eligible spend at its discretion. *** ## **Eligibility** * Promotion available only to **supported regions** where [Ether.fi](http://Ether.fi) Cash is available and where such promotions are permitted by law. * You must: * Have an active [Ether.fi](http://Ether.fi) Cash account in good standing. * Have completed KYC. * Use a **personal** (non-business) card. * Business or commercial accounts may be excluded from this promotion. * Additional geographic or regulatory restrictions may apply. ## **Exclusions** The following **do not** count toward eligible spend or may reduce it: * Cash advances, ATM withdrawals, and similar cash-equivalent transactions. * P2P transfers, money orders, and gambling transactions where restricted. * Refunded, reversed, pending or chargeback transactions. * Fraudulent, abusive, or suspicious activity as determined by [Ether.fi](http://Ether.fi). [Ether.fi](http://Ether.fi) may update or refine the exclusions list as required by applicable law or risk policies. ## **Reward Distribution** * All Cashmas Rewards are distributed as **spend credits** to your [Ether.fi](http://Ether.fi) Cash account. * Rewards are expected to be distributed on or before **January 31, 2026**, but [Ether.fi](http://Ether.fi) may reasonably adjust this timeline. VIP cards will go out sooner. * Spend credits **cannot be redeemed for cash** and may be subject to additional terms. ## **Anti-Gaming and Fraud Monitoring** * Returned or refunded purchases will **reduce** your eligible spend and may reduce your cashback. * [Ether.fi](http://Ether.fi) reserves the right to: * Disqualify users exhibiting suspicious, abusive, or fraudulent behavior. * Withhold, reduce, claw back, or cancel rewards if misuse or gaming is suspected. * Block certain account actions (such as email changes) for referred users during or after the campaign for fraud-prevention reasons. * [Ether.fi](http://Ether.fi)’s decisions regarding eligibility, rewards, and disqualifications are **final and binding**. ## Miscellaneous * [Ether.fi](http://Ether.fi) may modify, suspend, or terminate the **10 Days of Cashmas** promotion at any time, including changing reward rates, caps, or dates, where permitted by law. * In the event of any conflict between these terms and other communications, these terms will govern. * Participation constitutes acceptance of these terms, the [Ether.fi](http://Ether.fi) Cash terms of use, and any applicable privacy or product policies. # beHype Boost Earn a 20% fixed APR equivalent reward on your beHYPE deposits!
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** To celebrate the launch of beHYPE on ether.fi Cash, users can earn a 20% fixed APR equivalent reward on their beHYPE deposits over a two-week promotional period. Deposit wHYPE or beHYPE, meet the activity requirements, and earn HYPE rewards directly into your Cash vault at the end of the campaign. ## **Campaign Period** 🗓️ November 20, 2025, 00:00AM UTC - December 4, 2025 23:59 PM UTC\ 💰 Total Reward Pool: $30,000 equivalent in HYPE\ 👥 Participant Limit: First 1,000 eligible users *** ## **Reward Structure** #### beHYPE Deposit Boost — 20% Fixed APR reward * Earn a 20% fixed APR (two-week equivalent) reward on qualifying beHYPE deposits. * Rewards distributed in HYPE, as a lump-sum at the end of the campaign. *** ## **How to Participate** 1. **Add beHYPE to your Cash Vault**\ Deposit or transfer wHYPE or beHYPE directly into your vault. 2. **Spend with Your Cash Card**\ Spend at least $50 during the campaign period to activate eligibility. 3. **Earn Your HYPE**\ Rewards are calculated after the campaign and distributed within 30 days to your Cash vault. *** ## **Eligibility** * Deposit at least $100 worth of beHYPE into their Cash vault during the campaign period. * Spend at least $50 using the ether.fi Cash Card during the campaign period. * Maximum qualifying deposit per user: $3,900. * You may deposit more, but only the first $3,900 counts toward boosted rewards. * Total supported deposits across all participants: $3.9M * Available to users in supported jurisdictions only. * All deposits must be made in beHYPE, ether.fi’s staked HYPE asset. * Accounts must remain in good standing for the duration of the campaign. * Business or commercial card are not eligible. ## **Exclusions** The following do **not** qualify: * Deposits in non-beHYPE assets. * Refunded or reversed transactions. * ATM withdrawals, cash advances, gambling, or P2P transfers. * Spend not posted during the campaign window. * Fraudulent or abusive activity. ## **Reward Distribution** * Rewards are distributed in ETHFI to each member’s account vault. * ether.fi reserves the right to verify eligibility and deny fraudulent claims. * Rewards are distributed in beHYPE directly to your Cash vault. * Distribution occurs within 60 days after the campaign ends. * There is no cash alternative. **APR Calculation** * Reward pool over two weeks: $30,000 in HYPE. * Annualized equivalent: $30,000 × 26 = $780,000. * Annualized equivalent / Total maximum supported deposits across all participants = $780k / $3.9M = 20% APR. ## **Anti-Gaming and Fraud Monitoring** * Returned/refunded purchases will reduce eligible spend. * Fake social posts or manipulated proof of purchase will be disqualified. * ether.fi reserves the right to disqualify suspicious activity. # Devconnect Double Take 20% cashback + free asado! Up to $20,000 in ETHFI rewards.
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** To celebrate Devconnect Buenos Aires, ether.fi is rewarding both new and existing members for showing up, spending locally, and sharing their experience. No app changes, no opt-in — just use your ether.fi Cash card in Argentina between November 15–22, 2025, and qualify for cashback rewards in ETHFI. ## **Campaign Period** 🗓️ November 15, 2025, 00:00 AM UTC – November 22, 2025, 23:59 PM UTC 💰 Total Reward Pool: up to $20,000 in ETHFI *** ## **Reward Structure** #### 👉 New Members: **20% cashback on all qualifying Cash card purchases made in Argentina.** * Rewards distributed in ETHFI to the member’s account vault after the campaign ends. * Must complete first Cash transaction in Argentina during campaign period. * Max. $50 per member (equivalent to $250 in spend). #### 👉 All members: **Get a free Asado — up to $25 refunded!** * Purchase an asado meal in Argentina during the campaign period. * [Post your meal on X (Twitter)](https://x.com/ether_fi) tagging @ether\_fi and using #freeasado. * Must include a photo and proof of purchase (receipt or restaurant tag). * Rewards capped at $25 per member, distributed in ETHFI after verification. *** ## **How to Participate** 1. Spend with Cash:\ Use your ether.fi Cash Card in Argentina between November 15–22. 2. New Members:\ Cashback calculated automatically post-campaign (no claim required). 3. All Members:\ [Post your Asado photo with proof of purchase on X](https://x.com/ether_fi) — tag @ether\_fi and use #freeasado to qualify. 4. Be Rewarded:\ Rewards distributed within 30 days after the campaign in ETHFI, credited directly to your account vault. *** ## **Eligibility** * All ether.fi members, globally. * Accounts in good standing. * Business cards are not eligible. * Transactions processed in Argentina between Nov 15–22. ## **Exclusions** The following does not count toward eligible spend: * ATM withdrawals, cash advances, gambling, or P2P transfers. * Refunded or canceled purchases. * Fraudulent, abusive activity or duplicate submissions for the same purchase or for the same merchant. ## **Reward Distribution** * All eligible ETHFI rewards will be distributed within 60 days of campaign end (no later than December 22, 2025). * Rewards are distributed in ETHFI to each member’s account vault. * ether.fi reserves the right to verify eligibility and deny fraudulent claims. ## **Anti-Gaming and Fraud Monitoring** * Returned/refunded purchases will reduce eligible spend. * Fake social posts or manipulated proof of purchase will be disqualified. * ether.fi reserves the right to disqualify suspicious activity. # Triple Dip 400,000 ETHFI in rewards!
## **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Summary** This campaign rewards [ether.fi](http://ether.fi) Cash cardholders for using Liquid for every day spending. Designed to boost engagement and reward usage of the [ether.fi](http://ether.fi) Vault and Cash Card, two separate reward pools ("dips") are available — one for deposits, and one for spend. ## **Campaign Period** 🗓️ October 28, 2025, 00:00 AM UTC – November 30, 2025, 23:59 PM UTC 💰 Total Reward Pool shared across all eligible participants: 400,000 $ETHFI (split across “Dips”) + bonus of up to 40,000 ETHFI awarded for adding funds via Bank transfers or Pix *** ## **Reward Structure** #### Dip 1 *Deposit Rewards - 100,000 $ETHFI* Rewarding **new** deposits into LiquidUSD, LiquidETH and LiquidBTC using the [ether.fi](http://ether.fi) Vault * $ETHFI rewards based on the amount of funds held in your Vault * Approx. 0.1 ETHFI per $1,000 held/day * Funds must be deposited onto the ether.fi Vault or minted within the ether.fi Vault * View your progress on the Promotion tab *You must deposit during the campaign period to qualify.* *Dip 1 rewards each member up to maximum of 1688 ETHFI.* #### Dip 2 *Spend Rewards - 300,000 $ETHFI* Earn $ETHFI on all eligible card purchases — in addition to standard cashback * Earn 10 ETHFI per $1,000 of eligible spend * To qualify, you must have deposited Liquid assets during the campaign * Your eligible spend is the USD value of Liquid assets you hold in your [ether.fi](http://ether.fi) Vault * Example: Deposit weETH, mint $1,000 LiquidETH. You will earn ETHFI from Dip 2 on up to $1,000 worth of card spend. *Only personal cards are eligible; business or commercial accounts are excluded.* *All earned ETHFI is paid out after the campaign period has ended.* #### Triple Dip It Add funds from your bank or Pix and earn a 10% boost Earn 10% more $ETHFI on your Dip 1 and 2 rewards when you add funds to your account via Bank Transfers or Pix * Example: You deposit $1,000 via Bank Transfer and mint $1,000 worth of LiquidUSD. Then, you add another 1,000 USDC from your crypto wallet. Your first $1,000 worth of LiquidUSD will earn 10% more $ETHFI rewards thanks to your bank deposit boost. The same $1,000 bank deposit applies to your card spend. *** ## **How to Participate** #### **Dip 1** 1. Join [ether.fi](http://ether.fi) Club: [Sign Up](https://www.ether.fi/app/cash/sign-up) (existing members are also eligible) 2. Get Liquid assets: You can add USDC, weETH or other assets to your [ether.fi](http://ether.fi) Vault by clicking "Add Funds", then deposit from your Vault [into Liquid](https://ether.fi/app/cash/earn) #### **Dip 2** 1. Activate your Cash Card 1. Follow prompts to complete KYC 2. Add to Apple/Google Wallet to use instantly 2. Spend with your Card 1. Spend in-store or online to start earning 2. ETHFI earned is based on posted (not pending) spend ## **Eligibility** * Only available to users in supported countries * Account must remain in good standing * Rewards are distributed in ETHFI tokens to your [ether.fi](http://ether.fi) Vault * Business cards are not eligible ## **Exclusions** The following does not count toward eligible spend: * Cash advances, ATM withdrawals * P2P transfers or gambling transactions * Refunded or reversed purchases * Fraudulent or abusive activity ## **Anti-Gaming & Fraud Monitoring** * Returned/refunded purchases will reduce eligible spend * Rewards may be adjusted post-campaign for returned spend * [ether.fi](http://ether.fi) reserves the right to disqualify any suspicious activity ## **Reward Distribution** * ETHFI rewards will be sent to eligible users' accounts within 60 days after November 30, 2025 * There is no cash alternative # Summer Mint Extended until September 30, 2025!
### **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ### **Summary** This campaign rewards ether.fi Cash cardholders for using Liquid for every day spending. Designed to boost engagement and reward usage of the ether.fi Vault and Cash Card, two separate reward pools are available — one for deposits, and one for spend. ### **Campaign Period** 🗓️ August 4, 2025, 12:00 AM UTC – September 30, 2025, 11:59 PM UTC 💰 Total Reward Pool shared across all eligible participants: 500,000 $ETHFI (split across two pools) *** ## Reward Structure #### *Pool 1* *Deposit Rewards - 250,000 $ETHFI* Rewarding **new** deposits into LiquidUSD, LiquidETH and LiquidBTC using the ether.fi Vault * $ETHFI rewards based on the amount of funds held in your Vault * Approx. 0.1 ETHFI per $1,000 held/day * Funds must be deposited onto the ether.fi Vault or minted within the ether.fi Vault * View your progress on the Promotion tab *You must deposit during the campaign period to qualify.* #### *Pool 2* *Spend Rewards - 250,000 $ETHFI* Earn $ETHFI on all eligible card purchases — in addition to standard cashback * Earn 10 ETHFI per $1,000 of eligible spend * To qualify, you must have deposited Liquid assets during the campaign * Your eligible spend is the USD value of Liquid assets you have deposited during the campaign * Example: Deposit weETH, mint $1,000 LiquidETH. You will earn ETHFI from Pool 2 on up to $1,000 worth of card spend. *Only personal cards are eligible; business or commercial accounts are excluded.* *All earned ETHFI is paid out at the end of the campaign period* ## How to Participate #### *Pool 1* 1. Join ether.fi Club: [Sign Up](https://www.ether.fi/app/cash/sign-up) 2. Get Liquid assets: 1. You can add Liquid assets by clicking "Add Funds" on your Vault page, or 2. You can add USDC or weETH to your Vault by clicking "Add Funds" then deposit from your Vault [into Liquid](https://ether.fi/app/cash/earn) #### *Pool 2* 3. Activate your Cash Card: -> Follow prompts to complete KYC -> Add to Apple/Google Wallet to use instantly 4. Spend with your Card: -> Spend in-store or online to start earning -> ETFHFI earned is based on posted (not pending) spend ## Eligibility * Only available to users in supported countries * Account must remain in good standing * Rewards are distributed in ETHFI tokens to your ether.fi Vault * Business cards are not eligible ## Exclusions The following does not count toward eligible spend: * Cash advances, ATM withdrawals * P2P transfers or gambling transactions * Refunded or reversed purchases * Fraudulent or abusive activity ## Anti-Gaming & Fraud Monitoring * Returned/refunded purchases will reduce eligible spend * Rewards may be adjusted post-campaign for returned spend * ether.fi reserves the right to disqualify any suspicious activity ## Reward Distribution * ETHFI rewards will be sent to eligible users' wallets within 60 days after September 31 * There is no cash alternative # Summer Pump From July 23 to August 9, 2025 ## **Earn up to 2 MILLION** ETHFI in the Summer Pump event!
Earn an allocation of 2,000,000 ETHFI when you pump your ETH into ether.fi. \ **Stake ETH** and receive weETH to be eligible. Deposit that new weETH into **Liquid ETH** or **Liquid Katana** for 2x rewards. **Double Your Pump**\ Stake your ETH and receive weETH to earn ETHFI.\ Then, deposit your new weETH in the Liquid ETH Yield vault for twice the rewards. **Bonus ETHFI to Base stakers** \ Earn an extra 1 ETHFI for every ETH staked during the event period. The more you stake, the more you ETHFI earn. Some conditions apply, see details below. ## How it works 1. Stake your ETH assets during the event. Then, deposit your new weETH in the Liquid ETH Yield or Liquid Katana ETH vault for twice the rewards. The more you stake and deposit, the more you earn. Assets must be deposited prior to 00:01 UTC Aug 10, 2025 to meet the holding period.\ **Note**: Does not apply to weETHk, weETHs, eUSD or other Liquid vaults. 2. Hold your tokens in your wallet or an[ integrated DeFi position](https://app.ether.fi/defi) for a minimum of 30 days. Rewards will only be earned on your net staked/deposited assets (if you withdraw some of your staked/deposited assets, you will still earn on the remainder). 3. The amount of eligible staked/deposited assets will be calculated at the end of the campaign. 4. At the end of the event, your allocation of earned ETHFI will be minted and distributed in ETHFI[, as part of the distribution](https://etherfi.gitbook.io/etherfi/king-protocol-formerly-lrt/king-rewards-distribution) to ether.fi members. The formula to distribute ETHFI tokens = 2M ETHFI / $Amount staked/deposited assets between 00:01 UTC July 23, 2025 - 23:59 UTC Aug 9, 2025. ## Conditions * ETHFI rewards are a limited 2M ETHFI tokens during the event, and allocated across all staked assets during the event period. A minimum of 1M ETHFI will be awarded. Rewards will increase to 2M ETHFI when ETH staked during the promotion period is 100k ETH or greater. * *Bonus ETHFI to Base stakers! Earn an extra 1 ETHFI for every ETH staked during the event period.* * Any attempt to exploit loopholes or manipulate the rules to game the system, will result in disqualification for this event and all of your points on all accounts will be removed. * Your eligible balance will be determined by the difference of the end of campaign balance, minus the start balance. * Event rewards will be distributed shortly after the promotion period. Exact distribution date subject to change based on technical or operational factors. * Note: Looping deposits after July 30 on AAVE will not count toward the event rewards. Only 1 deposit and borrow on Aave to earn rewards The Ether.Fi Terms of Use and Privacy Policy apply for all promotions (“Offers”), and use of the Ether.Fi app or website. In addition, unless otherwise stated in the Offer, the Terms and Conditions listed below apply to each Offer. * This is a limited time Offer. * [Ether.Fi](http://Ether.Fi) reserves the right to modify or cancel the Offer at any time. * Promotion may only be available to customers located outside the U.S. and Canada. * Offer limited to one per verified user. * Offer may not be combined with other offers. * There may be a minimum stake requirement in order to be eligible to receive any Offer. This stake requirement associated with the Offer must be met within 30 days of the initial date of the Offer. * Offer is not transferable and may not be auctioned, traded, copied, transferred, bartered, modified or sold. * Offer cannot be applied retroactively. * [Ether.Fi](http://Ether.Fi) is not a retailer or seller. * Terms and Conditions are subject to change by [Ether.Fi](http://Ether.Fi) at any time without notice. * Void where restricted or prohibited by law. * [Ether.Fi](http://Ether.Fi)’s systems are the official date/time keeping device for all Offers. * You are responsible for paying any applicable tax related to the use of an Offer. [Ether.Fi](http://Ether.Fi) has no obligation for payment of any tax in conjunction with the distribution or use of any Offer. * Customers will be disqualified and will not be entitled to receive the Offer if [Ether.Fi](http://Ether.Fi) determines, in its sole discretion, that the customer is using a VPN, shared device, shared identification credentials, or is otherwise suspected of fraudulent activity. * ETHFI tokens have no guaranteed value or liquidity. Token value may decrease significantly or become illiquid. Users should evaluate risks before participating. * Cryptocurrency staking and DeFi activities carry significant risks including total loss of funds. Users should not stake assets they cannot afford to lose. * Users are responsible for determining if their participation complies with local laws and regulations regarding cryptocurrency and DeFi activities. Not available in restricted jurisdictions. \ If you violate any of the Offer Terms and Conditions, or the Ether.Fi Terms of Use and Privacy Policy, the Offer will be invalid and rescinded.
# “Mint, Spend, Earn” promo ### **Abbreviated Rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](/etherfi/ether.fi-legal/promo-terms-and-conditions). ### **Summary** This campaign rewards ether.fi Cash cardholders for using Liquid for every day spending. Designed to boost engagement and reward usage of the ether.fi Vault and Cash Card, two separate reward pools are available — one for deposits, and one for spend. ### **Campaign Period (extended to July 31!)** 🗓️ May 16, 2025, 12:00 AM UTC – July 31, 2025, 11:59 PM UTC 💰 Total Reward Pool shared across all eligible participants: 600,000 $ETHFI (split across two pools) *** ## Reward Structure #### *Pool 1* *Deposit Rewards - 300,000 $ETHFI* Rewarding **new** deposits into LiquidUSD, LiquidETH and LiquidBTC using the ether.fi Vault * $ETHFI rewards based on the amount of funds held in your Vault * Approx. 0.15 ETHFI per $1,000 held/day * Funds must be deposited onto the ether.fi Vault or minted within the ether.fi Vault * View your progress on the Promotion tab *You must deposit during the campaign period to qualify.* #### *Pool 2* *Spend Rewards - 300,000 $ETHFI* Earn $ETHFI on all eligible card purchases — in addition to standard cashback * Earn 13.3 ETHFI per $1,000 of eligible spend * To qualify, you must have deposited Liquid assets during the campaign * Your eligible spend is the USD value of Liquid assets you have deposited during the campaign * Example: Deposit weETH, mint $1,000 LiquidETH. You will earn ETHFI from Pool 2 on up to $1,000 worth of card spend. *Only personal cards are eligible; business or commercial accounts are excluded.* *All earned ETHFI is paid out at the end of the campaign period* ## How to Participate #### *Pool 1* 1. Join ether.fi Club: [Sign Up](https://www.ether.fi/app/cash/sign-up) 2. Get Liquid assets: 1. You can add Liquid assets by clicking "Add Funds" on your Vault page, or 2. You can add USDC or weETH to your Vault by clicking "Add Funds" then deposit from your Vault [into Liquid](https://ether.fi/app/cash/earn) #### *Pool 2* 3. Activate your Cash Card: -> Follow prompts to complete KYC -> Add to Apple/Google Wallet to use instantly 4. Spend with your Card: -> Spend in-store or online to start earning -> ETFHFI earned is based on posted (not pending) spend ## Eligibility * Only available to users in supported countries * Account must remain in good standing * Rewards are distributed in ETHFI tokens to your ether.fi Vault * Business cards are not eligible ## Exclusions The following does not count toward eligible spend: * Cash advances, ATM withdrawals * P2P transfers or gambling transactions * Refunded or reversed purchases * Fraudulent or abusive activity ## Anti-Gaming & Fraud Monitoring * Returned/refunded purchases will reduce eligible spend * Rewards may be adjusted post-campaign for returned spend * ether.fi reserves the right to disquality any suspicious activity ## Reward Distribution * ETHFI rewards will be sent to eligible users' wallets within 60 days after July 31 * There is no cash alternative # Season 5 # Bitcoin Pizza Day event From May 22 to May 23, 2025 ## Celebrate Bitcoin Pizza Day–come get some dough(free pizza)
## **Abbreviated rules** Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. See full terms at [Promo Terms and Conditions](https://etherfi.gitbook.io/etherfi/ether.fi-legal/promo-terms-and-conditions). ## **Campaign Period** 🗓️ May 22, 2025, 12:00 AM UTC – May 23, 2025, 11:59 PM UTC ## How to participate 1. Get your [ether.fi Cash card](https://www.ether.fi/cash) and buy pizza 2. On X/Twitter, post a photo of your pizza with the hashtag 
#etherficash and tag @ether\_fi 3. We’ll DM you on X/Twitter to verify your account and details, and refund you the cost of the pizza (up to $30 USD) within 2 weeks 4. Purchases and posts must be made between May 22-23, 2025
# Double Dip Rewards Event From March 13 to April 1, 2025 ## **Earn 2 MILLION** ETHFI in the Double Dip Rewards event!
Earn an allocation of 2,000,000 ETHFI when you "dip" your ETH or BTC into ether.fi. \ **Stake** and receive weETH or eBTC, or deposit into **Liquid ETH or Liquid BTC vaults** to be eligible. **Double Dip It**\ Dip your ETH or BTC with Stake and receive weETH or eBTC. \ Then, dip your weETH/eBTC again in Liquid ETH or BTC Yield vaults for extra rewards. The more you dip, the more you ETHFI earn. Some conditions apply, see details below. ## How it works 1. Stake your ETH or BTC assets during the event, or deposit into the Liquid ETH Yield or Liquid BTC Yield vaults. The more you stake or deposit, the more you earn. \ **Note**: Does not apply to weETHk, weETHs, eUSD or other Liquid vaults. 2. Hold your tokens in your wallet or an[ integrated DeFi position](https://app.ether.fi/defi) for a minimum of 30 days. Rewards will only be earned on your net staked/deposited assets (if you withdraw some of your staked/deposited assets, you will still earn on the remainder). 3. The amount of eligible staked/deposited assets will be calculated at the end of the campaign + 30 days. 4. At the end of the event, your allocation of earned ETHFI will be minted and distributed in [KING, as part of the next weekly distribution](https://etherfi.gitbook.io/etherfi/king-protocol-formerly-lrt/king-rewards-distribution) to ether.fi members at the end of Season 5. The formula to distribute ETHFI tokens = 2M ETHFI / $Amount staked/deposited assets between March 13 - April 1 2025. ## Conditions * ETHFI rewards are limited 2M ETHFI tokens during the event, and allocated across all staked assets during the event period. * Any attempt to exploit loopholes or manipulate the rules to game the system, will result in disqualification for this event and all of your points on all accounts will be removed. * Your eligible balance will be determined by the difference of the end of campaign balance, minus the start balance. * Event rewards will be distributed at the end of Season 5. Exact distribution date subject to change based on technical or operational factors. The Ether.Fi Terms of Use and Privacy Policy apply for all promotions (“Offers”), and use of the Ether.Fi app or website. In addition, unless otherwise stated in the Offer, the Terms and Conditions listed below apply to each Offer. * This is a limited time Offer. * [Ether.Fi](http://Ether.Fi) reserves the right to modify or cancel the Offer at any time. * Promotion may only be available to customers located outside the U.S. and Canada. * Offer limited to one per verified user. * Offer may not be combined with other offers. * There may be a minimum stake requirement in order to be eligible to receive any Offer. This stake requirement associated with the Offer must be met within 30 days of the initial date of the Offer. * Offer is not transferable and may not be auctioned, traded, copied, transferred, bartered, modified or sold. * Offer cannot be applied retroactively. * [Ether.Fi](http://Ether.Fi) is not a retailer or seller. * Terms and Conditions are subject to change by [Ether.Fi](http://Ether.Fi) at any time without notice. * Void where restricted or prohibited by law. * [Ether.Fi](http://Ether.Fi)’s systems are the official date/time keeping device for all Offers. * You are responsible for paying any applicable tax related to the use of an Offer. [Ether.Fi](http://Ether.Fi) has no obligation for payment of any tax in conjunction with the distribution or use of any Offer. * Customers will be disqualified and will not be entitled to receive the Offer if [Ether.Fi](http://Ether.Fi) determines, in its sole discretion, that the customer is using a VPN, shared device, shared identification credentials, or is otherwise suspected of fraudulent activity. * ETHFI tokens have no guaranteed value or liquidity. Token value may decrease significantly or become illiquid. Users should evaluate risks before participating. * Cryptocurrency staking and DeFi activities carry significant risks including total loss of funds. Users should not stake assets they cannot afford to lose. * Users are responsible for determining if their participation complies with local laws and regulations regarding cryptocurrency and DeFi activities. Not available in restricted jurisdictions. \ If you violate any of the Offer Terms and Conditions, or the Ether.Fi Terms of Use and Privacy Policy, the Offer will be invalid and rescinded.
# Liquid Legends From Feb 28 to Mar 14 2025
## **Earn over 1 Million** ETHFI rewards in the Liquid Legends event! Deposit into **Liquid ETH Yield**, **Liquid BTC Yield** or **Liquid Market-Neutral USD** vaults during the event and earn an allocation of 1,000,000 ETHFI. Some conditions apply, see details below. ## How it works 1. Deposit into one of the participating vaults. The more you deposit, the more you earn. 1. [Liquid ETH Yield](https://app.ether.fi/liquid/eth) 2. [Liquid BTC Yield](https://app.ether.fi/liquid/btc) 3. [Market-Neutral USD ](https://app.ether.fi/liquid/usd) 2. Hold your deposit for a minimum of 30 days in the eligible Liquid vaults. Rewards will only be earned on your net deposits (if you withdraw some of your deposit, you will still earn on the remainder). 3. The amount of eligible vault deposits will be calculated at the end of the campaign + 30 days. 4. At the end of the event, your allocation of earned ETHFI will be minted and distributed in [KING, as part of the next weekly distribution](https://etherfi.gitbook.io/etherfi/king-protocol-formerly-lrt/king-rewards-distribution) to ether.fi members. The formula to distribute ETHFI tokens = 1M worth of ETHFI / $Amount deposits between Feb 28 - Mar 14 2025. ## Conditions * ETHFI rewards are limited 1M ETHFI tokens during the event, and allocated across all deposits during the event period in Liquid ETH Yield, BTC Yield and Market-Neutral USD vaults. * Any attempt to exploit loopholes or manipulate the rules to game the system, will result in disqualification for this event and all of your points on all accounts will be removed. * Your eligible balance will be determined by the difference of the end of campaign balance, minus the start balance. * Event rewards will be distributed in April 2025. Exact distribution date subject to change based on technical or operational factors. The Ether.Fi Terms of Use and Privacy Policy apply for all promotions (“Offers”), and use of the Ether.Fi app or website. In addition, unless otherwise stated in the Offer, the Terms and Conditions listed below apply to each Offer. * This is a limited time Offer. * [Ether.Fi](http://Ether.Fi) reserves the right to modify or cancel the Offer at any time. * Promotion may only be available to customers located outside the U.S. and Canada. * Offer limited to one per verified user. * Offer may not be combined with other offers. * There may be a minimum deposit requirement in order to be eligible to receive any Offer. This deposit requirement associated with the Offer must be met within 30 days of the initial date of the Offer. * Offer is not transferable and may not be auctioned, traded, copied, transferred, bartered, modified or sold. * Offer cannot be applied retroactively. * [Ether.Fi](http://Ether.Fi) is not a retailer or seller. * Terms and Conditions are subject to change by [Ether.Fi](http://Ether.Fi) at any time without notice. * Void where restricted or prohibited by law. * [Ether.Fi](http://Ether.Fi)’s systems are the official date/time keeping device for all Offers. * You are responsible for paying any applicable tax related to the use of an Offer. [Ether.Fi](http://Ether.Fi) has no obligation for payment of any tax in conjunction with the distribution or use of any Offer. * Customers will be disqualified and will not be entitled to receive the Offer if [Ether.Fi](http://Ether.Fi) determines, in its sole discretion, that the customer is using a VPN, shared device, shared identification credentials, or is otherwise suspected of fraudulent activity. * ETHFI tokens have no guaranteed value or liquidity. Token value may decrease significantly or become illiquid. Users should evaluate risks before participating. * Cryptocurrency staking and DeFi activities carry significant risks including total loss of funds. Users should not stake assets they cannot afford to lose. * Users are responsible for determining if their participation complies with local laws and regulations regarding cryptocurrency and DeFi activities. Not available in restricted jurisdictions. \ If you violate any of the Offer Terms and Conditions, or the Ether.Fi Terms of Use and Privacy Policy, the Offer will be invalid and rescinded.
# Bitget Boost From Jan 27 to Feb 16 2025 Introducing The Bitget Boost event!

We couldn't wait for this one, so we started our first Season 5 event a bit early

## **Earn over 1.5 Million** ETHFI rewards with Bitget! Bitget’s HodlerYield event is on, awarding weETH depositors 500K ETHFI. \ **We’ve boosted those rewards to a total 1.5 Million ETHFI!** Stake and receive weETH while The Bitget Boost event is on and earn ETHFI rewards from Jan 27 through February 16, 2025. Some conditions apply. ## How it works 1. [Stake weETH in ether.fi during the event.](https://app.ether.fi/weeth) The more you stake, the more you earn. 500K ETHFI rewards are allocated to stakers of new weETH during the event. 2. Stack your rewards with Bitget’s 500K ETHFI HodlerYield campaign with a 500K ETHFI reward boost. Deposit weETH in Bitget during the event and hold it for at least 2 weeks in a Spot or USDT-M Futures account. 3. Confirm your deposit through the form found on your [ether.fi Portfolio](https://app.ether.fi/portfolio). Simply submit your wallet transaction ID that confirms your deposit of weETH into your Bitget account. 4. At the end of the event, your allocation of earned ETHFI from Bitget deposits will be added to your Bitget account. Any ETHFI earned from the staking and receiving weETH during the event will be added to your total earned ether.fi rewards at the end of Season 5. The formula to distribute ETHFI tokens = 500K worth of ETHFI / $Amount weETH Staked between Jan 27 - Feb 16 and 500K worth of ETHFI / $Amount weETH deposited and held for at least 14 days in a Bitget Spot or USDT-M Futures account. See Bitget [HodlerYield rules for info](https://www.bitget.cloud/support/articles/12560603821501) on remaining 500K ETHFI rewards ## Conditions * ETHFI rewards are limited 1M ETHFI tokens during the event. Additional 500K ETHFI rewards are part of Bitget’s weETH HodlerYield event * The Bitget Boost rewards are only applicable to weETH minted during the event period * Any attempt to exploit loopholes or manipulate the rules to game the system, will result in disqualification for this event and all of your points on all accounts will be removed. Withdrawing 95% or more of your [Ether.fi](http://Ether.fi) position before or shortly after Season 5 would disqualify you from this event. For example, if you had 1 ETH staked and withdrew 0.94 ETH (94%), you'd still qualify. However, withdrawing 0.95 ETH or more would disqualify you. * Your eligible balance will be determined by the difference of the end of campaign balance, minus the start balance. * Total staked amount includes positions in DeFi, moving your position to a retro active integration may result in the display of your eligible balance decreasing. * The 1M ETHFI pool of rewards is split between both weETH stakers/Bitget depositors. * See Bitget HodlerYield Rules for additional conditions * ETHFI rewards will be distributed in May 2025. Exact distribution date subject to change based on technical or operational factors. The Ether.Fi Terms of Use and Privacy Policy apply for all promotions (“Offers”), and use of the Ether.Fi app or website. In addition, unless otherwise stated in the Offer, the Terms and Conditions listed below apply to each Offer. * This is a limited time Offer. * [Ether.Fi](http://Ether.Fi) reserves the right to modify or cancel the Offer at any time. * Promotion may only be available to customers located outside the U.S. and Canada. * Offer limited to one per verified user. * Offer may not be combined with other offers. * There may be a minimum staking or minting requirement in order to be eligible to receive any Offer. This staking or minting requirement associated with the Offer must be met within 30 days of the initial date of the Offer. * Offer is not transferable and may not be auctioned, traded, copied, transferred, bartered, modified or sold. * Offer cannot be applied retroactively. * [Ether.Fi](http://Ether.Fi) is not a retailer or seller. * Terms and Conditions are subject to change by [Ether.Fi](http://Ether.Fi) at any time without notice. * Void where restricted or prohibited by law. * [Ether.Fi](http://Ether.Fi)’s systems are the official date/time keeping device for all Offers. * You are responsible for paying any applicable tax related to the use of an Offer. [Ether.Fi](http://Ether.Fi) has no obligation for payment of any tax in conjunction with the distribution or use of any Offer. * Customers will be disqualified and will not be entitled to receive the Offer if [Ether.Fi](http://Ether.Fi) determines, in its sole discretion, that the customer is using a VPN, shared device, shared identification credentials, or is otherwise suspected of fraudulent activity. * ETHFI tokens have no guaranteed value or liquidity. Token value may decrease significantly or become illiquid. Users should evaluate risks before participating. * Cryptocurrency staking and DeFi activities carry significant risks including total loss of funds. Users should not stake assets they cannot afford to lose. * Users are responsible for determining if their participation complies with local laws and regulations regarding cryptocurrency and DeFi activities. Not available in restricted jurisdictions. \ If you violate any of the Offer Terms and Conditions, or the Ether.Fi Terms of Use and Privacy Policy, the Offer will be invalid and rescinded.
# Season Rewards Season 5 is loading.
## TL;DR * The latest Season for ether.fi stakers has already begun! This current season will run from February 1, 2025 until May 31, 2025 * Season rewards will consist of a variety of reward tokens, including: * ETHFI token rewards * Partner token rewards * King Protocol rewards * At least 10,000,000 ETHFI tokens will be allocated to this new season * Stay tuned for campaigns to be announced throughout the season * StakeRank makes a come back this season, giving members boosted loyalty points for staking longer with ether.fi ## Overview 1. **DeFi boosts:** Loyalty points boosts will continue to be granted to stakers for participating across ether.fi's ecosystem of DeFi partners, refer to the Portfolio page for up to date boosts 2. **Community badges will also reward you for participating in more ways with ether.fi**: [Go and check them out in your Portfolio tab](https://app.ether.fi/portfolio) 3. **Loyalty points** will continue to accrue at the same rate as they did in previous seasons. 4. **All eETH and weETH**, whether held or in DeFi positions, including Liquid, will be treated the same for current season loyalty points 5. **Refer-a-fren:** Get 10,000 points per 0.1 ETH staked. Refer friends across L2 networks as well! ## **How StakeRank Works** * StakeRank is a level system with 8 levels or "Ranks" * Users advance 1 rank level every 240 hours of staking their assets with ether.fi * Each rank level has a progressively higher loyalty points rate boost * Your staking effective balance needs to be above 0.1 eETH to continue to advance ranks * Users who participated in Season 4 start off at Rank II * Rank boosts will range from 1x - 2x (subject to change) * All eETH, weETH, eBTC, whether held or in DeFi positions, including Liquid, will be treated the same for StakeRank. ## **Conditions** * Participants may be ineligible for the following reasons: * Users with less than 150,000 loyalty points * Users with no active eETH/weETH balance in their wallet or no active weETH balance in partner protocols at date of snapshot * Users who exited within 5 days of the end of the current season (excluding Pendle maturity) * Users with wallets that are part of a known sanctioned list * Users who have actively been caught as sybils or attempting to manipulate the protocol or events to game the system * Users who are linked to on-chain scams such as pinkdrainer * Users who were part of the Early Adopters Program (EAP), but still did not transition out of the EAP * Users who got nearly all of their points from badges, as opposed to staking * **Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification of any Season rewards, all your points on all accounts will be removed.** ## **FAQ** * Do loyalty points still play a part in Season Rewards? * Yes! Your loyalty points will continue to be one of the core ways your protocol activity will be measured, just like they were in previous seasons * Do I still get boosts on my loyalty points? * Yes! See our DeFi partners list for specific loyalty points boosts * If users only stake on Ether.fan, are they still eligible for Season 5? * Yes, as long as they do so through Season 5 * I’m in a few DeFi protocols that aren’t currently being tracked, are the points for those going to be granted retroactively? * Yes, so long as they are on the Portfolio page in "Retro" Season rules and conditions are subject to change. # Previous seasons # Season 4 # Season Rewards
## TL;DR * The latest Season for ether.fi stakers has already begun! This current season will run from September 15, 2024 until January 31, 2025 * Season rewards may consist of a variety of reward tokens, including: * ETHFI token rewards * Partner token rewards * LRT² governance token rewards * At least 2,000,000 ETHFI tokens will be allocated to this new season * Stay tuned for campaigns to be announced throughout the season ## Overview 1. **DeFi boosts:** Loyalty points boosts will continue to be granted to stakers for participating across ether.fi's ecosystem of DeFi partners, refer to the Portfolio page for up to date boosts 2. **Community badges will also reward you for participating in more ways with ether.fi**: [Go and check them out in your Portfolio tab](https://app.ether.fi/portfolio). 3. **Loyalty points** will continue to accrue at the same rate as they did in previous seasons. 4. **All eETH and weETH**, whether held or in DeFi positions, including Liquid, will be treated the same for current season loyalty points 5. **Refer-a-fren:** Get 10,000 points per 0.1 ETH staked. Refer friends across L2 networks as well! ## **Conditions** * Participants may be ineligible for the following reasons: * Users with less than 150,000 loyalty points * Users with no active eETH/weETH balance in their wallet or no active weETH balance in partner protocols at date of snapshot * Users who exited within 5 days of the end of the current season (excluding Pendle maturity) * Users with wallets that are part of a known sanctioned list * Users who have actively been caught as sybils or attempting to manipulate the protocol or events to game the system * Users who are linked to on-chain scams such as pinkdrainer * Users who were part of the Early Adopters Program (EAP), but still did not transition out of the EAP * Users who got nearly all of their points from badges, as opposed to staking * **Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification of any Season rewards, all your points on all accounts will be removed.** ## **FAQ** * Do loyalty points still play a part in Season Rewards? * Yes! Your loyalty points will continue to be one of the core ways your protocol activity will be measured, just like they were in previous seasons * Do I still get boosts on my loyalty points? * Yes! See our DeFi partners list for specific loyalty points boosts * If users only stake on Ether.fan, are they still eligible for Season 4? * Yes, as long as they do so through Season 4 * I’m in a few DeFi protocols that aren’t currently being tracked, are the points for those going to be granted retroactively? * Yes, so long as they are on the Portfolio page in "Retro" Season rules and conditions are subject to change. # The 12 Days of Hayes (Dec 11-Dec 22) From December 11 to December 22 2024 (Plus bonus gift day December 23) 12 Days of Hayes is here!
## **Earn $3M USD worth of ETHFI plus 12 days of exclusive rewards from our ecosystem partners this holiday season!** Stake[^1] and receive weETH, eETH, weETHk, weETHs, eBTC or eUSD while The 12 Days of Hayes event is on and earn ETHFI rewards from December 11 through December 23, 2024. Some conditions apply. ## How it works 1. Stake and receive weETH, eETH, weETHk, weETHs, eBTC or eUSD while the 12 Days of Hayes event is on and earn an allocation of $3M ETHFI. 2. Each day during the event, new and existing stakers can unwrap special gifts from our partners across the [ether.fi](http://ether.fi) ecosystem. Tap the daily gift to unwrap and claim! 3. At the end of the event, your allocation of earned ETHFI rewards will be added to your total earned [ether.fi](http://ether.fi/) rewards at the end of Season 4 The formula to distribute ETHFI tokens = $3M worth of ETHFI / $Amount eETH, weETH, weETHk, weETHs, eBTC and eUSD staked between Dec 11 - Dec 23 4. **Note: To be eligible for ETHFI event rewards, staked amount during the event must be held in your wallet until the end of Season 4.** **Note**: all partner Daily Rewards will be distributed to members after January 31, 2025. Some rewards, such as ETHFI, will be distributed as part of the [Season 4](/etherfi/events/previous-seasons/season-4/season-rewards) distribution.
## Conditions * ETHFI rewards are limited $3M USD in ETHFI tokens during the event. * The 12 Days of Hayes rewards are only applicable to ETH, BTC and USD staked during the event period. * Daily rewards may have specific eligibility criteria or action requirements revealed upon opening. * Unclaimed rewards revert to protocol after campaign end and may be used in future promotions. * Any attempt to exploit loopholes or manipulate the rules to game the system, will result in disqualification for this event and all of your points on all accounts will be removed. Withdrawing 95% or more of your [Ether.fi](http://Ether.fi) position before or shortly after Season 4 would disqualify you from this event. For example, if you had 1 ETH staked and withdrew 0.94 ETH (94%), you'd still qualify. However, withdrawing 0.95 ETH or more would disqualify you. * Your eligible balance will be determined by the difference of the end of campaign balance, minus the start balance. * Total staked amount includes positions in DeFi, moving your position to a retro active integration may result in the display of your eligible balance decreasing. The Ether.Fi Terms of Use and Privacy Policy apply for all promotions (“Offers”), and use of the Ether.Fi app or website. In addition, unless otherwise stated in the Offer, the Terms and Conditions listed below apply to each Offer. * This is a limited time Offer. * [Ether.Fi](http://Ether.Fi) reserves the right to modify or cancel the Offer at any time. * Promotion may only be available to customers located outside the U.S. and Canada. * Offer limited to one per verified user. * Offer may not be combined with other offers. * There may be a minimum staking or minting requirement in order to be eligible to receive any Offer. This staking or minting requirement associated with the Offer must be met within 30 days of the initial date of the Offer. * Offer is not transferable and may not be auctioned, traded, copied, transferred, bartered, modified or sold. * Offer cannot be applied retroactively. * [Ether.Fi](http://Ether.Fi) is not a retailer or seller. * Terms and Conditions are subject to change by [Ether.Fi](http://Ether.Fi) at any time without notice. * Void where restricted or prohibited by law. * [Ether.Fi](http://Ether.Fi)’s systems are the official date/time keeping device for all Offers. * You are responsible for paying any applicable tax related to the use of an Offer. [Ether.Fi](http://Ether.Fi) has no obligation for payment of any tax in conjunction with the distribution or use of any Offer. * Customers will be disqualified and will not be entitled to receive the Offer if [Ether.Fi](http://Ether.Fi) determines, in its sole discretion, that the customer is using a VPN, shared device, shared identification credentials, or is otherwise suspected of fraudulent activity. \ If you violate any of the Offer Terms and Conditions, or the Ether.Fi Terms of Use and Privacy Policy, the Offer will be invalid and rescinded.
[^1]: don't think we need to say stake, just mint # The Golden Bull (Nov 20-Dec 3) From November 20 to December 3 2024 Introducing The Golden Bull Event!
## **Earn over $2M USD worth of ETHFI, plus 50K EIGEN and Lombard Lux rewards!** Stake[^1] and receive weETH/eETH or eBTC while The Golden Bull event is on and earn ETHFI + EIGEN or Lux rewards from November 20 through December 3, 2024. Some conditions apply. ## How it works 1. Stake ETH or BTC in ether.fi during the event. The more you stake, the more you earn. \ \ **Stake ETH, earn ETHFI + EIGEN**\ Earn an allocation of the $2M USD worth of ETHFI and 50K EIGEN tokens. Applies to eETH and weETH only.\ \ PLUS\ \ **Stake BTC, earn ETHFI + 4x Lux points**\ Earn an allocation of the $2M USD worth of ETHFI plus 4x Lombard Lux points. Applies to eBTC.
2. Automatically accumulate Rewards while you stake!\ You'll see your eligible staked amount displayed in your Portfolio, along with a "Golden Bull" badge confirming your participation in the event. \
3. At the end of the event, your allocation of earned ETHFI and EIGEN rewards will be added to your total earned ether.fi rewards at the end of Season 4. Your earned Lux points will be added to your ether.fi Portfolio shortly after the campaign has ended.\ \ The formula to distribute ETHFI tokens = $2M worth of ETHFI / $Amount eETH, weETH and eBTC Staked between Nov 20 - Dec 3\ The formula to distribute EIGEN tokens = 50,000 EIGEN / $Amount eETH/weETH Staked
4. **Note: To be eligible for event rewards, staked amount during the event must be held in your wallet until the end of Season 4.** ## Conditions * ETHFI rewards are limited $2M USD in ETHFI tokens during the event * EIGEN rewards are limited to 50K EIGEN tokens * The Golden Bull rewards are only applicable to ETH and BTC staked during the event period * Any attempt to exploit loopholes or manipulate the rules to game the system, will result in disqualification for this event and all of your points on all accounts will be removed. \ Withdrawing 95% or more of your Ether.fi position before or shortly after Season 4 would disqualify you from this event. For example, if you had 1 ETH staked and withdrew 0.94 ETH (94%), you'd still qualify. However, withdrawing 0.95 ETH or more would disqualify you. * Your eligible balance will be determined by the difference of the end of campaign balance, minus the start balance. * Total staked amount includes positions in DeFi, moving your position to a retro active integration may result in the display of your eligible balance decreasing. * The $2M USD pot of rewards is split between both eETH/weETH and eBTC depositors. The Ether.Fi Terms of Use and Privacy Policy apply for all promotions (“Offers”), and use of the Ether.Fi app or website. In addition, unless otherwise stated in the Offer, the Terms and Conditions listed below apply to each Offer. * This is a limited time Offer. * Ether.Fi reserves the right to modify or cancel the Offer at any time. * Promotion may only be available to customers located outside the U.S. and Canada. * Offer limited to one per verified user. * Offer may not be combined with other offers. * There may be a minimum staking or minting requirement in order to be eligible to receive any Offer. This staking or minting requirement associated with the Offer must be met within 30 days of the initial date of the Offer. * Offer is not transferable and may not be auctioned, traded, copied, transferred, bartered, modified or sold. * Offer cannot be applied retroactively. * Ether.Fi is not a retailer or seller. * Terms and Conditions are subject to change by Ether.Fi at any time without notice. * Void where restricted or prohibited by law. * Ether.Fi’s systems are the official date/time keeping device for all Offers. * You are responsible for paying any applicable tax related to the use of an Offer. Ether.Fi has no obligation for payment of any tax in conjunction with the distribution or use of any Offer. * Customers will be disqualified and will not be entitled to receive the Offer if Ether.Fi determines, in its sole discretion, that the customer is using a VPN, shared device, shared identification credentials, or is otherwise suspected of fraudulent activity. \ If you violate any of the Offer Terms and Conditions, or the Ether.Fi Terms of Use and Privacy Policy, the Offer will be invalid and rescinded.
[^1]: don't think we need to say stake, just mint # Season 3 # Season 3: Diamond Campaign
## TL;DR * We are adding more ETHFI rewards to Season 3. In addition to the 25M ETHFI that will be distributed to all eligible Season 3 participants, users can earn more ETHFI from the Diamond Campaign! * Diamond Campaign runs from Monday, July 29th 00:01 UTC until September 14, 2024 * Stakers receive 0.1 ETHFI per day per new ETH staked during the Diamond Campaign * Existing stakers earn too! An equal amount of ETHFI will be matched to award all existing stakers, with a minimum of 1 million ETHFI being added * Season 1 and Season 2 Perks Passport boosts will be applied, all other Perks Passport boosts are null * Referrals program is upgraded ## Overview 1. **Bonus rewards:** When ETH is staked during the Diamond Campaign, 0.1 ETHFI per day per ETH will be awarded to the staker. An equal amount will be matched for all existing stakers, adding it on top of the 25 million ETHFI that will be distributed to all eligible Season 3 participants! **A minimum of 1 million ETHFI will be added to existing stakers at the end of Season 3.** No further action is required for existing stakers to receive the additional rewards. The Season 3 rewards allocation will increase proportionally to that of new deposits. 2. **Forfeited tokens–their loss, your gain:** Any Diamond Campaign participants who fully unstake their ETH before the end of the campaign will forfeit their ETHFI. Partial withdrawals will not result in forfeiture but will impact the amount of ETHFI earned. The forfeited tokens will be allocated to existing stakers. 3. **Referral program is getting an upgrade:** get 10,000 points per 0.1 ETH staked. You can now refer friends across L2 networks! 4. **DeFi boosts:** Loyalty points boosts will continue to be granted to stakers for participating across ether.fi's ecosystem of DeFi partners, refer to the Portfolio page for up to date boosts 5. **Community badges**: Community badges are now even more rewarding! [Go and check them out in your Portfolio tab](https://app.ether.fi/portfolio). 6. [Loyalty points will continue to accrue at the same rate as they did in Season 2.](https://etherfi.gitbook.io/etherfi/getting-started/loyalty-points) To make it easier see points between seasons, users will be able to view their Season 3 points vs all loyalty points within the Portfolio tab, under their loyalty points breakdown. Total loyalty points will continue to display as a sum of all points earned across seasons 7. All eETH and weETH, whether held or in DeFi positions, including Liquid, will be treated the same for Season 3 loyalty points ## **Conditions** * Participants may be ineligible for the following reasons: * Users with less than 150,000 loyalty points * Withdrawing 95% or more of your Ether.fi position. For example, if you had 1 ETH staked and withdrew 0.94 ETH (94%), you'd still qualify. However, withdrawing 0.95 ETH or more would disqualify you. * Users who would have gotten less than 3 ETHFI * Users with no active eETH/weETH balance in their wallet or no active weETH balance in partner protocols at date of snapshot * Users who exited within 5 days of the end of Season 3 (excluding Pendle maturity) * Users with wallets that are part of a known sanctioned list * Users who have actively been caught as sybils or attempting to manipulate the protocol or events to game the system * Users who are linked to on-chain scams such as pinkdrainer * Users who were part of the Early Adopters Program (EAP), but still did not transition out of the EAP * Users who got nearly all of their points from badges, as opposed to staking * **Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification of any Season 3 rewards, all your points on all accounts will be removed.** ## **FAQ** * What is considered eligible "staking" for the Diamond Campaign? * Staking ETH or stETH through the ether.fi app on Ethereum mainnet * Staking ETH through the ether.fi app on any of the L2 networks options available there * Depositing WETH (not weETH or eETH) into a Liquid vault. * **Note**: New staked ETH that is then used as eETH or weETH can then be deposited into a Liquid vault or DeFi integrated protocols and still be counted towards the Diamond Campaign * What happened to Perks Passport? * We heard from our community that they were too complicated and not rewarding enough for our members. This has now been removed and replaced with the Diamond Campaign. There will still be two boosts applied - Season 1 and Season 2 participant badges. Thanks everyone for your feedback! * Do loyalty points still play a part in Season 3? * Yes! Your loyalty points will continue to be one of the core ways your protocol activity will be measured, just like they were in Season 1 and 2 * Do I still get boosts on my loyalty points? * Yes! See our DeFi partners list for specific loyalty points boosts * If users only stake on Ether.fan, are they still eligible for Season 3? * Yes, as long as they do so through Season 3 * I’m in a few DeFi protocols that aren’t currently being tracked, are the points for those going to be granted retroactively? * Yes, so long as they are on the Portfolio page in "Retro" * I have a lot of points from Season 1 and Season 2. Will they be counted in Season 3? * Stakers from Season 1 and Season 2 will receive a boost on their Season 3 points. Historical points will be maintained in your portfolio, only points earned in Season 3 will count for Season 3. Season 3 rules and conditions are subject to change. # S3: Nexo Perks Introducing Nexo Perks!
## $500K USD in $NEXO this week with Nexo Perks! Stake ETH between July 24 00:01 UTC through July 31 23:59 UTC and earn NEXO! Some conditions apply. ## How it works 1. Stake ETH in ether.fi during the event. The more you stake, the more NEXO tokens you earn. 2. The formula to distribute the NEXO tokens = amount of NEXO tokens / ETH amount staked. 3. At the end of the event, your NEXO rewards will be automatically airdropped to you within \~20 days. No need to claim, no need to spend on gas. Stay tuned for more Perks to come throughout Season 3! ## Conditions * All NEXO tokens will be distributed to the total amount deposited. The total amount deposited will determine how many tokens each individual will receive, what is fixed is the amount of tokens [ether.fi](http://ether.fi/) will distribute. * NEXO tokens earned by new depositors within the July 24-31 event period. * Only Ethereum mainnet staking is eligible for Nexo Perks rewards. * Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification for this promotion and all of your points on all accounts will be removed. # S3: King Karak Perks Introducing Perks with King Karak LRT!
## 200K ETHFI Perks this week with King Karak Deposit in Liquid King Karak LRT July 7 through July 14 and earn ETHFI! Some conditions apply. ## How it works 1. Deposit any accepted token into the Liquid King Karak LRT vault during the event. The more you deposit, the more ETHFI you earn. From July 7 00:01 UTC until July 14 23:59 UTC, 2024 2. The formula to distribute ETHFI tokens = 200,000 ETHFI / $Amount deposited 3. At the end of the event, your ETHFI rewards will be automatically airdropped to you within \~20 days. No need to claim, no need to spend on gas. ## Conditions * 200,000 ETHFI will be distributed to the total amount deposited. The total amount deposited will determine how many ETHFI each individual will receive, what is fixed is the amount of ETHFI that will be will distributed. * ETHFI tokens earned by new depositors within the July 7-14 event period * Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification for this promotion and all of your points on all accounts will be removed # Season 2 # S2: StakeRank
## TL;DR * Season 2 has already begun, running from March 15 until June 30 * StakeRank begins March 25, 2024 * StakeRank gives users a boosted loyalty points reward for staking longer with ether.fi * 5% of total ETHFI token supply will be allocated to Season 2 ## Rules 1. StakeRank is a level system with 8 levels or "Ranks" 2. Users advance 1 rank level every 100 hours of staking their ETH with ether.fi 3. Each rank level has a progressively higher loyalty points rate boost 4. Your staking balance needs to be above 0.1 eETH to continue to advance ranks 5. Users who participated in Season 1 start off at Rank II * Rank boosts will range from 1x - 2x (subject to change) 6. Ether.Fan NFT holders are automatically levelled up to Rank III * This applies only once per NFT holder 7. In transitioning to Season 2, the protocol aims to recognize Season 1 participants without disproportionately allocating Season 2's airdrop to them. To achieve this, there will be an increase everyone's loyalty points accumulation rate by 10x. While this dilutes old points, they will still count, subject to conditions below. 8. All eETH and weETH, whether held or in DeFi positions, including Liquid, will be treated the same for StakeRank. ## **Conditions** * Users who withdrew their ETH or mostly withdrew their ETH, their Season 1 points won’t earn them a Season 2 airdrop unless they stake additional ETH during Season 2 * Participants will also be ineligible for the following: * Users with less than 150k points from staking activity (Points from badges do not qualify as staking activity) * Users who exited within 5 days of the end of season 2 (excluding Pendle) * Users with wallets that are part of a known sanctioned list * Users who have actively been caught as sybils or attempting to manipulate the protocol or events to game the system * Users who are linked to on-chain scams such as pinkdrainer * Users who were part of the Early Adopters Program (EAP), but still did not transition out of the EAP * Users with no active eETH/weETH balance in their wallet or no active weETH balance in partner protocols at date of snapshot ## **FAQ** * What about Pendle YT? * This will work exactly as it did during Season 1. Your StakeRank will also apply if you hold a YT position in Pendle. * What will happen for Pendle pools which will mature on 25th April? People will not own any YT-eETH because the value will come to 0. * As soon as you have < 0.1 eETH / weETH in any DeFi protocol position, your rank will reset * Why the 10x points rate increase? * To provide some advantages to season 1 stakers, which is why all season 1 participants are starting at rank 2 and starting with a balance of points. * However, the protocol does not want to discourage new stakers or season 1 stakers to continue staking and is therefore increasing the rate of loyalty points to dilute existing point balances. * I’m in a few DeFi protocols that aren’t currently being tracked, are the points for those going to be granted retroactively? * Yes * Can my combined positions (e.g., weETH + eETH) equal 0.1 eETH to eligible for StakeRank? * Yes. * What’s happening with badges? * There will be a whole new set of badges for season 2! * When did Season 2 start? When did StakeRank start? * StakeRank starts March 25, 2024, but loyalty points 10x starting March 15 * If users only stake on Ether.fan, are they still eligible for Season 2? * Yes, as long as they do so through Season 2. * Why are all ether.fan NFT tiers treated the same for StakeRank? * At this time, all ether.fan NFT holders have the option to claim Platinum tier. For the purpose of this event, however, we do not feel the need to force them to upgrade. We believe this is the easiest, most gas-sensitive way to honour NFT holders. Note: for all other non-StakeRank-related purposes, membership tiers continue to work the same as before–no changes made. * If user has 2 or more NFTs, will they get an additional Rank or will they just stop at Rank III for NFT? * They’ll receive just the one rank boost, not one per NFT. * I have a considerable amount of loyalty points from Season 1. I don't intend to withdraw any of my eETH. If in June, the current amount of loyalty points still represents more than 70% of my points, will I be left out? * If by the end of Season 2, your total points meant that 70% of them came from what you accumulated in S1, you would not be eligible. However, the base rate of loyalty points will increase by 10x in S2. Staking in S2 should mean that your new points balance should greatly outweigh the number collected in S1. That’s a long way of of saying that Season 1 stakers were recognized in Season 1. Season 2 will recognize stakers that are active in Season 2. StakeRank rules and conditions are subject to change. # S2: StakingFrens # Omni Frens (Apr 22-26) From April 22 to April 26 2024 Introducing StakingFrens with Omni!
## **Earn ETHFI plus $400k USD worth of OMNI rewards!** Stake ETH while StakingFrens is on and earn ETHFI from April 22 through Apr 26, 2024. Some conditions apply. ## How it works 1. Stake ETH in ether.fi during the event. The more you stake, the more ETHFI + OMNI you earn.\ Earn 1 ETHFI for every 1 ETH staked, per day, from April 22 until Apr 26, 2024 2. Automatically accumulate ETHFI rewards while you stake!\ You'll see this displayed in your Portfolio, along with a "StakingFrens" badge confirming your participation in the event. This may take 30-60 minutes to display for some users. \ \ ![](/files/PQ4B0NhZIxScNmsPdZbU)![](/files/8S4AJhro3DPXGYyHYJiM)
3. At the end of the event, your ETHFI rewards plus allocation of the $400K USD worth of OMNI tokens will be automatically airdropped to you within 7-10 days. No need to claim, no need to spend on gas. 4. **Existing stakers, we see you 👀**\ For every ETHFI token earned during the StakingFrens event, ether.fi will match that amount to top up Season 2’s airdrop allocation for **all** S2 participants. \ For example, if the total ETHFI awarded to people who staked during the event was 10,000, ether.fi would add 10,000 ETHFI tokens to the already planned 5% Season 2 airdrop allocation. Stay tuned for more frens to come throughout Season 2! ## Conditions * ETHFI and Omni rewards are limited to the 100,000 ETH staked during the event * Omni rewards are limited to 16,508 OMNI tokens. $400K USD based on market value as of April 18, 2024 * ETHFI and OMNI tokens earned by stakers within the April 22-26 event period * Our Frens are on mainnet, so only mainnet staking is eligible for stakingfrens rewards * Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification for this promotion and all of your points on all accounts will be removed # Gearbox Frens (May 4-8) From May 4 to May 8 2024 Introducing StakingFrens with Gearbox!
## **Earn ETHFI plus $70k USD worth of GEAR rewards!** Stake ETH while StakingFrens is on and earn ETHFI, from May 4 through May 8, 2024. Some conditions apply. ## How it works 1. Stake ETH in ether.fi during the event. The more you stake, the more ETHFI + GEAR you earn.\ Earn 1 ETHFI for every 1 ETH staked, per day, from May 4 00:01 UTC until May 8 23:59 UTC, 2024 2. Automatically accumulate ETHFI rewards while you stake!\ You'll see this displayed in your Portfolio, along with a "StakingFrens" badge confirming your participation in the event. This may take \~60 minutes to display for some users. \ \ ![](/files/HvJQbq1E0NBmcKV7G5l1)![](/files/chqyGq3imf4eTXr6VsXd)
3. At the end of the event, your ETHFI rewards plus allocation of the $70K USD worth of GEAR tokens will be automatically airdropped to you within \~10 days. No need to claim, no need to spend on gas. If you earn < 1 ETHFI, your amount earned will be automatically added to your Season 2 airdrop allocation! 4. **Existing stakers, we see you 👀**\ For every ETHFI token earned during the StakingFrens event, ether.fi will match that amount to top up Season 2’s airdrop allocation for **all** S2 participants. \ For example, if the total ETHFI awarded to people who staked during the event was 10,000, ether.fi would add 10,000 ETHFI tokens to the already planned 5% Season 2 airdrop allocation. Stay tuned for more frens to come throughout Season 2! ## Conditions * ETHFI and GEAR rewards are limited to the 100,000 ETH staked during the event * GEAR rewards are limited to 4,268,292 GEAR tokens. \~$70K USD based on market value as of May 1, 2024 * ETHFI and GEAR tokens earned by stakers within the May 4-8 event period * Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification for this promotion and all of your points on all accounts will be removed # Ondo Frens (May 13-17) From May 13 to May 17 2024 Introducing StakingFrens with Ondo Finance!
## **Earn ETHFI plus $500k USD worth of ONDO rewards!** Stake ETH while StakingFrens is on and earn ETHFI, from May 13 through May 17, 2024. Some conditions apply. ## How it works 1. Stake ETH in ether.fi during the event. The more you stake, the more ETHFI + ONDO you earn.\ Earn 1 ETHFI for every 1 ETH staked, per day, from May 13 00:01 UTC until May 17 23:59 UTC, 2024 2. Automatically accumulate ETHFI rewards while you stake!\ You'll see this displayed in your Portfolio, along with a "StakingFrens" badge confirming your participation in the event. This may take \~60 minutes to display for some users. \ \ ![](/files/EfjTKcegCKmXz0ieQkjx)![](/files/z4CxtOajBlUlw4m0B6N4)
3. At the end of the event, your ETHFI rewards plus allocation of the $500K USD worth of ONDO tokens will be automatically airdropped to you within \~10 days. No need to claim, no need to spend on gas. If you earn < 1 ETHFI, your amount earned will be automatically added to your Season 2 airdrop allocation! 4. **Existing stakers, we see you 👀**\ For every ETHFI token earned during the StakingFrens event, ether.fi will match that amount to top up Season 2’s airdrop allocation for **all** S2 participants. \ For example, if the total ETHFI awarded to people who staked during the event was 10,000, ether.fi would add 10,000 ETHFI tokens to the already planned 5% Season 2 airdrop allocation. Stay tuned for more frens to come throughout Season 2! ## Conditions * ETHFI and ONDO rewards are limited to the 100,000 ETH staked during the event * ONDO rewards are limited to $500K USD worth of ONDO tokens. * ETHFI and ONDO tokens earned by stakers within the May 13-17 event period * Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification for this promotion and all of your points on all accounts will be removed # Ethena Frens (May 20-24) From May 20 to May 24 2024 Introducing StakingFrens with Ethena!
### Earn your share of 500k ENA Tokens Deposit into the [Market-Neutral USD Liquid Vault](https://app.ether.fi/liquid/usd) from May 20 through May 24, 2024 and earn your share of 500,000 ENA tokens. Some conditions apply. ### How it works 1. All new deposits in the [ether.fi](http://ether.fi) Liquid USD vault will receive a share of 500,000 ENA tokens. The more you deposit, the more ENA you earn. The promotion runs from May 20 00:01 UTC until May 24 23:59 UTC, 2024 2. The formula to distribute ENA tokens = 500,000 ENA / $Amount Staked 3. At the end of the event, your ENA rewards will be automatically airdropped to you within \~10 days. No need to claim, no need to spend on gas. ### Conditions * 500,000 ENA will be distributed to the total amount deposited. The total amount deposited will determine how many ENA each individual will receive, what is fixed is the amount of ENA [ether.fi](http://ether.fi) will distribute. * ENA tokens earned by new depositors within the May 20-24 event period * Our Frens are on mainnet, so only mainnet staking is eligible for stakingfrens rewards. * Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification for this promotion and all of your points on all accounts will be removed # Mystery Box Frens (May 27-31) From May 27 to May 31 2024 Introducing Mystery Box StakingFrens!
**Earn mystery token rewards!** Stake ETH while Mystery Box StakingFrens is on and earn token rewards that will only be revealed at the end of the event! Which token will it be...? Some conditions apply. ## How it works 1. Stake ETH in ether.fi during the event. The more you stake, the more mystery tokens you earn. 2. The formula to distribute the Mystery Box tokens = amount of Mystery Box tokens / ETH amount staked 3. At the end of the event, your Mystery Box rewards will be automatically airdropped to you within \~10 days. No need to claim, no need to spend on gas. Stay tuned for more frens to come throughout Season 2! ## Conditions * All Mystery Box tokens will be distributed to the total amount deposited. The total amount deposited will determine how many tokens each individual will receive, what is fixed is the amount of tokens [ether.fi](http://ether.fi) will distribute. * Mystery Box tokens earned by new depositors within the May 27-31 event period. * Our Frens are on Ethereum mainnet, so only mainnet staking is eligible for stakingfrens rewards. * Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification for this promotion and all of your points on all accounts will be removed. # Mystery Box Frens #2 (June 3-7) From June 3 to June 7 2024 Introducing Mystery Box StakingFrens, Round 2!
**Earn mystery token rewards!** Stake ETH while Mystery Box StakingFrens is on and earn token rewards that will only be revealed at the end of the event! Which token will it be...? Some conditions apply. ## How it works 1. Stake ETH in ether.fi during the event. The more you stake, the more mystery tokens you earn. 2. The formula to distribute the Mystery Box tokens = amount of Mystery Box tokens / ETH amount staked 3. At the end of the event, your Mystery Box rewards will be automatically airdropped to you within \~10 days. No need to claim, no need to spend on gas. Stay tuned for more frens to come throughout Season 2! ## Conditions * All Mystery Box tokens will be distributed to the total amount deposited. The total amount deposited will determine how many tokens each individual will receive, what is fixed is the amount of tokens [ether.fi](http://ether.fi) will distribute. * Mystery Box tokens earned by new depositors within the June 3-7 event period. * Our Frens are on Ethereum mainnet, so only mainnet staking is eligible for stakingfrens rewards. * Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification for this promotion and all of your points on all accounts will be removed. # Mystery Box Frens #3 (June 10-14) From June 10 to June 14 2024 Introducing Mystery Box StakingFrens, Round 3!
**Earn mystery token rewards!** Stake ETH while Mystery Box StakingFrens is on and earn token rewards that will only be revealed at the end of the event! Which token will it be...? Some conditions apply. ## How it works 1. Stake ETH in ether.fi during the event. The more you stake, the more mystery tokens you earn. 2. The formula to distribute the Mystery Box tokens = amount of Mystery Box tokens / ETH amount staked 3. At the end of the event, your Mystery Box rewards will be automatically airdropped to you within 10-20 days. No need to claim, no need to spend on gas. Stay tuned for more frens to come throughout Season 2! ## Conditions * All Mystery Box tokens will be distributed to the total amount deposited. The total amount deposited will determine how many tokens each individual will receive, what is fixed is the amount of tokens [ether.fi](http://ether.fi) will distribute. * Mystery Box tokens earned by new depositors within the June 10-14 event period. * Our Frens are on Ethereum mainnet, so only mainnet staking is eligible for stakingfrens rewards. * Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification for this promotion and all of your points on all accounts will be removed. # Season 1 # S1: The Final Countdown *March 16 update: This program has ended as of March 15th, 12:01 AM UTC. Due to the overwhelming amount of support and deposits received for the final countdown, the total allocation has increased to 11%.* ### How it works The base allocation for our ether.fi community allocation 8%. \ We’d love to see if we can do better than that. 
 **For every 50k eETH staked over the next 2 weeks, we’ll top-up our community allocation by 0.25% up to 2% for a total allocation of up to 10%!** * 50% of that top up will be distributed to all existing eETH stakers as part of an upcoming event. * The other 50% will be distributed to everyone who stakes eETH between now and 12am UTC Friday March 15. For these participants, a "Final Countdown" badge will be unlocked (refreshes every 24 hours) to confirm they'll be a part of that distribution. * Note: Season 1 is 4% and will be topped up to 6% based on deposits this week. The remaining allocation will be given out during the following seasons. * In total approximately 40% of ether.fi’s token supply will be distributed to the community in the form for community allocation, grants, and emissions.
You are still early. The countdown is on! # S1: Mega Week It's time for Mega Week! Running from 31 Jan, to 10 Feb! The best part about MegaWeek: THE POINTS. Not only will loyalty points be boosted, but we have 3 million extra EigenLayer points for everyone! ![](/files/3OHOBw65Xpnt1xiZiOJ2) For the first 20,000 ETH staked during Mega Week you get 100 bonus EigenLayer points or the proportionate amount. There's a limited supply to stake now! For every current holder of eETH or weETH, we are distributing an extra 1 million EigenLayer points during this MegaWeek as a thank you to all the current loyal members. The badges we've introduced for Mega Week will be special variable badges, since they will hold EigenLayer points and loyalty points, unlike current badges that only hold loyalty points! Badge 1: **Mega Legacy** ![](/files/L6D40n3suJpOoYyYLdBt) Mega Legacy is for all current depositors and holders of eETH/weETH whether it's in a wallet or a DeFi integration somewhere, a total of 1 million points will be distributed amongst all the current holders every hour for the whole of MegaWeek. You will see the number tick up on the badge every hour! Additionally, current holders also earn an additional 2x boost on loyalty points, regardless if it's in a DeFi strategy or just simple eETH, and yes, your boosted points will be double boosted! Badge 2**: Mega Minter** ![](/files/aya8o20zTsjXmhyiw2qV) Mega Minter is for all new deposits and will be distributed at the end of the week to both new and old accounts proportionally to net new amount of ETH deposited. Moving eETH/weETH around and causing your balance to dip will disqualify you from earning any bonus, if warranted, all points on an account will be removed if found trying to game the system, you do not want to be the holder of the "Sad Pepe" badge: ![](/files/P8O9K4VbpTECo8bI11Ye) **Here is a recap:** From 31 Jan, 18:00 UTC, till 10 Feb, 18:00 UTC, 1 million EigenLayer points will be distributed as part of the "Mega Legacy" badge, additionally for any new deposit, 2 million EigenLayer points will be distributed via the "Mega Minter" badge, 100 EigenLayer points per 1 ETH staked or the proportional amount, the first 20k ETH staked during this period will receive the bonus. Swapping or withdrawing eETH/weETH to game the system will result in disqualification for this promotion and all your points on all accounts will be lost. All MegaLegacy badges holders will also receive a 2x loyalty bonus on top of their normal or boosted points generation. Now finally, you might also ask, where do these points come from ? Simple, our treasury, but why keep the boring points all to ourselves if supporters of eETH can enjoy them more! # EigenLayer Season 2 StakeDrop ## What is the EIGEN Season 2 Stakedrop?[​](https://docs.eigenfoundation.org/faq-s-2/season-2#what-is-the-eigen-season-2-stakedrop) The EIGEN Season 2 Stakedrop is the second distribution of EIGEN tokens recognizing and rewarding key contributors and participants across the EigenLayer ecosystem. Tokens will be distributed to Stakers, Operators, Ecosystem Partners, and the Community. **Get started:** [**https://claims.eigenfoundation.org/**](https://claims.eigenfoundation.org/) Season 2 recognizes key contributors and participants across the ecosystem: * [Stakers & Operators](https://x.com/eigenfoundation/status/1831382825779806703?s=46) * [Ecosystem Partners](https://x.com/eigenfoundation/status/1831382829814747184?s=46) * [Community](https://x.com/eigenfoundation/status/1831382831605637481?s=46) **Who can claim, and where:** * **Direct restakers** in EigenLayer can claim via the [EigenLayer claims portal](https://claims.eigenfoundation.org/) * Opens: September 16th, 2024 * Closes: March 16th, 2025 * **ether.fi stakers:** If you staked through ether.fi, you'll be able to claim via * Opens: September 25, 2024 * Closes: March 22, 2025 [Read more about EigenLayer's Season 2 StakeDrop](https://docs.eigenfoundation.org/faq-s-2/season-2) ## **Conditions for ether.fi stakers** * Participants will be ineligible for the following: * EigenLayer StakeDrop Season 2 ran from March 15th - August 15th, as such only points earned during that time frame will count for an allocation * Withdrawing 95% or more of your Ether.fi position. For example, if you had 1 ETH staked and withdrew 0.94 ETH (94%), you'd still qualify. However, withdrawing 0.95 ETH or more would disqualify you. * A minimum 300 EigenLayer points were required to qualify for the EIGEN Season 2 StakeDrop * If the allocation for the staker would have equalled less than 1 EIGEN * Users with no active eETH/weETH balance in their wallet or no active weETH balance in partner protocols at date of snapshot * Users who exited within 5 days of the end of Season 3 (excluding Pendle maturity) * Users with wallets that are part of a known sanctioned list * Users who have actively been caught as sybils or attempting to manipulate the protocol or events to game the system * Users who are linked to on-chain scams such as pinkdrainer * Users who were part of the Early Adopters Program (EAP), but still did not transition out of the EAP * **Any attempt to exploit loopholes or manipulate the rules to game the system will result in disqualification of any EIGEN rewards.** # Staking Liquid Restaking Tokens # eETH ## Overview eETH is ether.fi’s flagship Ethereum-backed liquid restaking token for native staking and multichain bridging, designed to simplify yield optimization and expand DeFi utility. eETH is backed by staked and natively restaked ETH (via EigenLayer) to deliver dual exposure to staking and restaking economics. ## Key Benefits In a conventional [Liquid ReStaking](https://docs.eigenlayer.xyz/eigenlayer/restaking-guides/restaking-user-guide/liquid-restaking/) strategy, the users lock their Liquid Staking Tokens such as `stETH` into the EigenLayer's Liquid ReStaking Strategy contracts. The cons are that the restaked assets are non-transferrable, non-usable in DeFi, and require 14 days withdrawal period for redemption back into the LSTs. Note that you will need additional delays to redeem ETH from your LSTs, again. However, ether.fi's `eETH` and `weETH` are **Natively ReStaked** tokens at a protocol-level enabling broad DeFi composability and removing such long 14 days of un-restaking withdrawal delays. By holding eETH/weETH, holders accrue: * **Base Ethereum staking rewards** – reflected via protocol staking yields (rebasing in eETH; wrapped for weETH) * **Restaking emissions** – aggregated weekly, converted to ETH, and automatically deposited into the LST liquidity pool, increasing token value via **rebasing** without requiring any claims or additional action Users can use eETH/weETH across DeFi for additional yield strategies or other activities. ETH redemptions from eETH/weETH can be processed without EigenLayer unstaking delays, as long as Ether.fi has sufficient liquidity; if liquidity is temporarily constrained, withdrawal timing may vary. For more details, visit [here](/etherfi/ether.fi-whitepaper) # eUSD ## Overview eUSD is our flagship synthetic dollar liquid restaking token. Created to service the growing demands of alternate collateral within restaking, eUSD simplifies yield optimization and expands utility. eUSD is backed by USDe, through a partnership with Ethena, to bring a dual yielding (Ethena’s tokenized basis trade + restaking) USD-denominated product to market. Restaking will be conducted through Eigen Layer. Users are able to deposit USDe, USDC, DAI and USDT. ## Key Benefits 1. Yield from Ethena’s tokenized basis trade + restaking yield 2. Don’t worry about restaking caps or delegations 3. Access multiple point programs: 1x EigenLayer, 20x Ethena, 3x ether.fi and 3x Veda ​Check out eUSD on ether.fi ​[Check out eUSD on ether.fi](https://app.ether.fi/eusd) ## Audits & Contract Deployments #### Audits #### Contracts BoringVault: 0x939778D83b46B456224A33Fb59630B11DEC56663 Token: 0x939778D83b46B456224A33Fb59630B11DEC56663 Accountant: 0xEB440B36f61Bf62E0C54C622944545f159C3B790 Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B Teller: 0xCc9A7620D0358a521A068B444846E3D5DebEa8fA\ Old Teller (still active): 0xA5C0bc543Ae9e522d0d8829191D759c0f0BcD098 ## eUSD LRT FAQS **Are deposits in the vault capped?** * No caps on launch of the vault. The vault activity and total deposits will be monitored, and will introduce caps if required for a healthy balance of Symbiotic points across deposits. **What is the withdrawal period?** * There is a 10-day withdrawal period. While most withdrawals will complete well before this maximum window, this is an additional safety mechanism added by Veda. **Is there any benefit to depositing a certain token over another?** * No. All deposits are treated the same. **What are Veda points, who is Veda?** * Veda is the first Native Yield Layer and the protocol powering Liquid and the eUSD LRT. You can learn more about Veda on X[ https://x.com/veda\_labs](https://x.com/veda_labs) **Where can I see my Veda points earned?** * The Veda points dashboard is under development but is expected to be available in a few weeks. You can learn more about Veda on X[ https://x.com/veda\_labs](https://x.com/veda_labs) **Where can I see my points earned?** * On the ether.fi App (coming soon) **Who audited the vault?** The vault was audited by Macro and Spearbit * **How is eUSD different from other Liquid LP tokens?** * You will be able to use eUSD in DeFi for all the things you know and love. More big news on this coming soon. **Any yields earned on this vault other than points?** * You will earn the yield from Ethena’s tokenized basis trade in addition to staking yield.
# eBTC ## Overview eBTC is our flagship Bitcoin-backed liquid restaking token. Created to service the growing demands of alternate collateral within restaking, eBTC simplifies yield optimization and expands utility. eBTC is now available for native staking and bridging across multiple chains including Ethereum mainnet, Base, Arbitrum, and Corn. eBTC is backed by LBTC, through a partnership with [Lombard](https://docs.lombard.finance/), to bring the first dual yielding (staking + restaking) Bitcoin product to market. Staking will be conducted through Babylon, with restaking services through a combination of Eigen Layer, Symbiotic, and Karak. Users are able to deposit LBTC & WBTC. ## Key Benefits 1. Earn staking + restaking yield 2. Don’t worry about restaking caps or delegations 3. Access multiple point programs: Symbiotic, ether.fi, Lombard, and Veda points, plus Karak and EigenLayer points soon. ​[Check out eBTC on ether.fi](https://app.ether.fi/liquid/ebtc) ## Audits & Contract Deployments #### Audits #### Contracts BoringVault: 0x657e8C867D8B37dCC18fA4Caead9C45EB088C642 Token: 0x657e8C867D8B37dCC18fA4Caead9C45EB088C642 Accountant: 0x1b293DC39F94157fA0D1D36d7e0090C8B8B8c13F Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B Teller: 0x6Ee3aaCcf9f2321E49063C4F8da775DdBd407268 #### Repo ## Bitcoin LRT FAQS **On which networks is eBTC available?** * eBTC is available on Ethereum mainnet, Base, Arbitrum, and Corn. The contract addresses remain the same across all supported networks. **Are deposits in the vault capped?** * No caps on launch of the vault. The vault activity and total deposits will be monitored, and will introduce caps if required for a healthy balance of Symbiotic points across deposits. **Does this also have a 72 hour withdrawal period like other vaults?** * No, it is a 7-day withdrawal period. While most withdrawals will complete well before this maximum window, this is an additional safety mechanism added by Veda. **Is there any benefit to depositing a certain token over another?** * No. All deposits are treated the same. **What are Veda points, who is Veda?** * Veda is the first Native Yield Layer and the protocol powering Liquid and the BTC LRT. You can learn more about Veda on X **Where can I see my Veda points earned?** * The Veda points dashboard is under development but is expected to be available in a few weeks. You can learn more about Veda on X **Where can I see my points earned?** * On the ether.fi App (coming soon) **Who audited the vault?** * The vault was audited by Macro and Spearbit\ **How is eBTC different from other Liquid LP tokens?** * You will be able to use eBTC in DeFi for all the things you know and love. More big news on this coming soon. **Any yields earned on this vault other than points?** * You will earn the composite staking rate of all yield bearing assets in the vault. **How does this give me more points, or even the same amount of points vs depositing directly into Symbiotic and other restaking partners?** * Symbiotic only accepts deposits until the deposit cap for a given asset is reached. Those deposits are the only ones that earn Symbiotic points until deposit caps are raised again. This is true for all deposit methods. * Users that deposit on Symbiotic directly only earn Symbiotic points. * Users that deposit into eBTC Bitcoin LRT earn Symbiotic points, ether.fi points and Veda points and more. **How much karak points do I earn?** * WBTC or LBTC assets deposited in the eBTC vault staked specifically in Karak, earn an enhanced 2x point multiplier: * May 12 - Oct 8, 2024: 46,000 base points × 2 = 92,000 points per token per day * Oct 8 - Oct 24, 2024: 49,900 base points × 2 = 99,800 points per token per day * Oct 24 - Nov 8, 2024: 53,800 base points × 2 = 107,600 points per token per day * After Nov 8, 2024: 60,800 base points × 2 = 121,600 points per token per day * Important: Only the portion of your eBTC assets that the vault has allocated to Karak earn these enhanced rates. eBTC assets allocated to other restaking platforms do not receive karak points. # weETHs (Super Symbiotic) ## Overview weETHs, the Super Symbiotic LRT, is intended to provide ether.fi customers an easy onboarding into the Symbiotic ecosystem. Unlike other LRTs, users have numerous deposit options including WETH, eETH, weETH, wstETH, cbETH, bETH, rETH, mETH, swETH, etc. These assets will be directly restaked on Symbiotic each time the deposit caps are raised. ## Key Benefits 1. Earn staking yield 2. Don’t worry about tracking when Symbiotic deposit caps will be lifted 3. Access multiple points programs: Symbiotic points, ether.fi points and Veda points ​[Check weETHs on ether.fi](https://app.ether.fi/liquid/symbiotic) ## Allocations A portion of weETHs deposits may be allocated to third-party protocols to seek additional rewards for depositors. Each allocation introduces its own risk profile, which may include smart contract, liquidity and counterparty risk. Below is a summary of current allocations. **Cap Protocol – M11 Credit / FalconX** A portion of weETHs collateral is allocated to [Cap Protocol](https://docs.cap.app/), where M11 Credit acts as a borrower. M11 Credit deposits the borrowed funds into the Pareto vault, which supplies capital to FalconX to be utilized in their Prime Brokerage. This allocation generates a sustainable yield sourced from FalconX's lending activity. **How the delegation works:** Symbiotic → Cap Protocol → M11 Credit (borrower) → Pareto Vault → FalconX **Delegation Risks** By holding weETHs, you are exposed to the following risks associated with this delegation. Please review carefully before depositing. * **Slashing Risk:** If the loan collateral reaches an excessively high loan-to-value (LTV) ratio, delegated funds may be partially or fully slashed. This would result in a loss of principal for weETHs holders. * **Counterparty Risk (FalconX):** Funds ultimately flow to FalconX. If FalconX mishandles, misappropriates, or is otherwise unable to return the borrowed capital, depositors may suffer a loss. * **Counterparty Risk (M11 Credit):** M11 Credit acts as the intermediary borrower. Any failure by M11 Credit to meet its obligations under the Cap Protocol framework could impact the return of funds. * **Protocol Risk (Cap Protocol / Pareto):** Smart contract bugs, exploits, or operational failures in Cap Protocol or the Pareto vault could result in loss of delegated funds. * **Liquidity Risk:** Delegated capital may not be immediately available for withdrawal. Redemption timelines depend on the underlying loan terms and protocol mechanics. > **Important:** This delegation means weETHs is no longer solely exposed to Symbiotic restaking risk. By depositing, you acknowledge exposure to the full delegation chain described above. Past performance of any counterparty does not guarantee future results. ## Audits & Contract Deployments #### Audits #### Contracts BoringVault: 0x917ceE801a67f933F2e6b33fC0cD1ED2d5909D88 Token: 0x917ceE801a67f933F2e6b33fC0cD1ED2d5909D88 Accountant: 0xbe16605B22a7faCEf247363312121670DFe5afBE Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B Teller: 0x99dE9e5a3eC2750a6983C8732E6e795A35e7B861 ## Super Symbitoic FAQS **Are deposits in the vault capped?** * No caps on launch of the vault. We’ll monitor the vault activity and total deposits, and will introduce caps if required for a healthy balance of Symbiotic points across deposits. **Does this also have a 72 hour withdrawal period like other vaults?** * No, it is a 7-day withdrawal period. While most withdrawals will complete well before this maximum window, this is an additional safety mechanism added by Veda. **Is there any benefit to depositing a certain token over another?** * No. All deposits are treated the same. **What are Veda points, who is Veda?** * Veda is the first Native Yield Layer and the protocol powering Liquid and the Super Symbiotic LRT. You can learn more about Veda on X **Where can I see my Veda points earned?** * The Veda points dashboard is under development but is expected to be available in a few weeks. You can learn more about Veda on X **Where can I see my Symbiotic points earned?** * On the ether.fi App (coming soon) **Who audited the vault?** * The vault was audited by Macro and Spearbit\ **How is weETHs different from other Liquid LP tokens?** * You will be able to use weETHs in DeFi for all the things you know and love. More big news on this coming soon. **Any yields earned on this vault other than points?** * You will earn the composite staking rate of all yield bearing assets in the vault. **Do I still earn my \~3% APY like I get for holding eETH?** * You earn the composite staking rate of all yield bearing assets in the vault. **How does this give me more points, or even the same amount of points vs depositing directly into Symbiotic?** * Symbiotic only accepts deposits until the deposit cap for a given asset is reached. Those deposits are the only ones that earn Symbiotic points until deposit caps are raised again. This is true for all deposit methods. * Users that deposit on Symbiotic directly only earn Symbiotic points. * Users that deposit into Super Symbiotic earn Symbiotic points, ether.fi points and Veda points. **Do I still earn staking rewards like I do with eETH?** * You earn the composite staking rate of all yield bearing assets in the vault. **What is a delegation, and does it affect my risk?** * A delegation routes a portion of vault assets to Symbiotic Networks to generate yield. This means weETHs holders bear additional risks beyond Symbiotic restaking, including slashing, counterparty default, and smart contract risk across the delegation chain. See the Delegations section above for full details.
# weETHk (King Karak) ## Overview weETHk, the King Karak LRT, is intended to provide ether.fi customers an easy onboarding into the Karak ecosystem. Unlike other LRTs, users have numerous deposit options including WETH, eETH, weETH, wstETH, cbETH, bETH, rETH, mETH, swETH, etc. These assets will be directly restaked on Karak. ## Key Benefits 1. Earn staking yield 2. Access multiple point programs: Karak points, ether.fi points and Veda points ​[Check out weETHk on ether.fi](https://app.ether.fi/liquid/karak) ## Audits & Contract Deployments #### Audits #### Contracts Vault: 0x7223442cad8e9cA474fC40109ab981608F8c4273 Token: 0x7223442cad8e9ca474fc40109ab981608f8c4273 Accountant: 0x126af21dc55C300B7D0bBfC4F3898F558aE8156b DelayedWithdraw: 0x78c61B1EA2507C4c2B13f77951549d4e76Acb52B Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B Teller: 0x929B44db23740E65dF3A81eA4aAB716af1b88474
## King Karak FAQs **How does this give me more points, or even the same amount of points vs depositing directly into Karak?** * Users that deposit on Karak directly only earn Karak points. * Users that deposit into King Karak earn Karak points, ether.fi points and Veda points. **Do I still earn staking rewards like I do with eETH?** * You earn the composite staking rate of all yield bearing assets in the vault. **Do I still earn my \~3% APY like I get for holding eETH?** * You earn the composite staking rate of all yield bearing assets in the vault. **Any yields earned on this vault other than point**s? * You will earn the composite staking rate of all yield bearing assets in the vault. **Where can I see my Veda points earned?** * The Veda points dashboard is under development but is expected to be available in a few weeks on the Veda website at . You can learn more about Veda on X **Where can I see my Karak points earned?** * On the ether.fi App (coming soon) **Who audited the vault?** * The vault was audited by Macro and Spearbit\ **How is weETHk different from other Liquid LP tokens?** * You may be able to use weETHk in DeFi for things you know and love. Stay tuned. **What are Veda points, who is Veda?** * Veda is the first Native Yield Layer and the protocol powering Liquid, the Super Symbiotic LRT and now the King Karak LRT. As a result, it has amassed nearly $1 billion in TVL in just four months. You can learn more about Veda on X **Is there any benefit to depositing a certain token over another?** * No. All deposits are treated the same. **Does this also have a 72 hour withdrawal period like other vaults?** * No, it is a 7-day withdrawal period. While most withdrawals will complete well before this maximum window, this is an additional safety mechanism added by Veda. **Are deposits in the vault capped?** * No caps on launch of the vault. **How much karak points do I earn?** * All assets deposited in the weETHk vault are staked in Karak and earn a 3x multiplier on the entire vault. Here is the rate Karak points are accrued per weETHk: * Jul 2 - Sep 5, 2024: 2,300 base points Ă— 3 = 6,900 points per token per day * Sep 5 - Oct 24, 2024: 1,950 base points Ă— 3 = 5,850 points per token per day * Oct 24 - Nov 8, 2024: 1,980 base points Ă— 3 = 5,940 points per token per day * After Nov 8, 2024: 2,300 base points Ă— 3 = 6,900 points per token per day *
# beHYPE ## Overview beHYPE is Hyperbeat's liquid staking token for HYPE, built in collaboration with Etherfi. When you stake HYPE, you receive beHYPE in return—allowing you to keep earning staking rewards while still using your tokens in DeFi. ## Key Benefits 1. Earn yield on your HYPE 2. Earn Ether.fi membership points and Hyperbeat hearts 3. Use beHYPE in Ether.fi Cash ​[Check out beHYPE on ether.fi](https://app.ether.fi/eusd) ## Audits & Contract Deployments #### Audits {% file src="/files/WmHZFrpkewPYjlqzySxU" %} #### Contracts Contracts are deployed on the hyperEVM
ContractContract Address
BeHYPE0xd8FC8F0b03eBA61F64D08B0bef69d80916E5DdA9
StakingCore0xCeaD893b162D38e714D82d06a7fe0b0dc3c38E0b
WithdrawManager0x9d0B0877b9f2204CF414Ca7862E4f03506822538
RoleRegistry0x90102473a816A01A9fB0809F2289438B2e294F76
BeHYPETimelock0xA24aF73EaDD17997EeEdbEd36672e996544D2DE4
# Liquid ## Overview Liquid vaults are automated DeFi strategies that provide ether.fi customers a simple access point to use their tokens in the DeFi ecosystem. Users simply deposit their tokens, and behind the scenes the vault allocates across a variety of DeFi positions. As DeFi integrations grow in number, it can become challenging for someone to keep up with the best opportunities. Additionally, some opportunities like LPing on Uniswap V3 require specific expertise to maximize performance (selecting tick ranges, etc.). These vaults removes those challenges by handling the complexity of DeFi automatically. To do that well, new integrations are added over time, strategies are adjusted and assets in these vaults rebalanced as part of that process. This ensures that the vaults remain competitive in the rapidly evolving DeFi market and will add additional protocols that the vaults can allocate to over time. # ETH Yield Vault ## Overview Liquid ETH Yield Vault is an automated DeFi strategy vault that provides ether.fi customers a simple access point to use their eETH in the DeFi ecosystem. Users simply deposit eETH, weETH, or WETH and behind the scenes the vault allocates across a variety of DeFi positions.
## Key benefits 1. Earn rewards on autopilot with your eETH, weETH, or wETH 2. Access simple diversification: ether.fi integrated DeFi protocols, all in one place 3. Save gas fees by bundling up transactions ​[Check out Liquid on ether.fi](https://www.ether.fi/app/cash/earn/liquid/eth-yield) ​ ## Integrated DeFi Protocols Liquid will launch with Pendle, Aave, Morpho, Balancer, Aura, Uniswap V3, and Convex and will add additional integrated protocols that the vault can allocate to over time.​​ ## Contracts: BoringVault: 0xf0bb20865277abd641a307ece5ee04e79073416c Token: 0xf0bb20865277abd641a307ece5ee04e79073416c Accountant: 0x0d05D94a5F1E76C18fbeB7A13d17C8a314088198 Teller: 0x9AA79C84b79816ab920bBcE20f8f74557B514734\ Old Teller (still active): 0x5c135e8eC99557b412b9B4492510dCfBD36066F5 Subvaults holding assets:\ PYUSD-RLUSD ARB strategy:\ 0xA40aFb15275A94F64aF37C0cEaAaA45Cb568A361)\ 0xE29DEe8c6805314B9aBC4dBF07b7B314Ea0F2e77 \ 0xba7fdD2630F82458b4369A5B84D6438352BA4531 Euler PYUSD strategy:\ 0x2A601FC6C0Cb854fDA82715E49Ab04C5340A0396 \ 0x2c8BDF4b182d7FB8f0AB09Bbc237cf6591030953 \ 0xB3E262Ef1479ed8c66578bAeBF6356A08ceE0904 ## Audits & Code Smart Contract Audit (January 15, 2024 to January 22, 2023): ​ Smart Contract Audit (January 23, 2024 to January 31, 2024.): Smart Contract Audit (July 31, 2023 to August 4, 2023):​ Redstone Oracle Pricing: \ ​ Pendle Contract Audit: \ ​ Multiple Roles Contract Audit: \ ​ Github Source Code Audit: \ ​
# Upgrade of ETH Yield Vault ## Overview The ether.fi Liquid ETH vault is upgrading to Veda’s latest smart contract design, the same used for Liquid USD.\ \ **No action required for existing Liquid ETH vault depositors.** The upgrade gives the following improvements: * Ability to operate on L2s * Easier and quicker integrations with DeFi Protocols to maximize rewards * Enhanced security features To ensure a smooth experience, the upgrade will be done in two phases.\ \ **Phase 1: Starting Wednesday, June 12** The existing Liquid ETH vault will gradually transfer its DeFi positions into the new Liquid ETH vault. This will take 7-14 days. * No user action is required * Users will continue to earn yields as normal * The new vault contract address is 0xf0bb20865277aBd641a307eCe5Ee04E79073416C * Vault contract audit: **Phase 2: Following Phase 1** * Existing depositors in the ETH vault will not need to take any action if they wish to simply maintain their position in the vault * Old ETH vault depositors that wish to deposit more or partially withdraw from the vault will need to migrate to the new vault and will be prompted to do so at the time they take one of those actions. Full withdrawals do not require migration * All new deposits will go into the new vault **Understanding the new risk monitoring** * As part of the Liquid ETH Vault migration, the infrastructure will include a new, enhanced set of risk monitoring capabilities * Previously, the existing vaults were protected using a series of risk monitoring alerts across the different protocols used in the yield strategies * Moving forward, the Liquid ETH Vault will not only monitor risk signals but also include actionable triggers to exit positions programmatically based on specific risk conditions * The risk management is based on economic risk conditions evaluated block-by-block for protocols and specific positions
# Liquid USD Vault ## Overview The ether.fi Liquid USD vault provides a simple way for users to earn from a diversified basket of market-neutral yield opportunities, while getting exposure to the Ether.Fi ecosystem. Users can deposit USDC, USDT, DAI, and USDe, which is then deployed to an evolving set of blue chip DeFi protocols. Initially the vault will utilize AAVE, Curve/Convex, Gearbox, and Pendle. As the vault scales, new yield sources such as Uniswap V3, Morpho Blue, Aura/Balancer may be added. The vault is built using the Veda infrastructure. The strategy for the vault is provided by Seven Seas. [Check out the Liquid USD Vault on ether.fi](https://www.ether.fi/app/cash/earn/liquid/usd-yield) ## Technical Documentation The Ether.Fi Liquid USD vault was built using the Veda architecture. At a high level, the architecture uses a Merkle verification system to enforce constraints on the vault strategies: with every rebalance, the strategist must submit a Merkle proof demonstrating that the rebalance respects certain constraints. These constraints include only interacting with certain whitelisted protocols, assets, and even contract functions. For more details on the smart contract architecture, see
The initial set of supported protocols include: * Ethena * AAVE * Pendle * Gearbox * Convex/Curve * Morpho Blue * Spark
Supported strategy assets include: * USDe * USDC * USDT * DAI * sDAI * PYUSD * FRAX The vault utilizes the risk monitoring system to interact with protocols Aave, Gearbox, and Convex/Curve. The contracts are listed below.
## Audits & Contract Deployments ### Audits ### Contracts: Vault contract: 0x08c6F91e2B681FaF5e17227F2a44C307b3C1364C Manager: 0xcFF411d5C54FE0583A984beE1eF43a4776854B9A DecoderAndSanitizer: 0x281a8621699667671A047E91Bb3dFdC331ea0Ea5 Teller: 0x4DE413a26fC24c3FC27Cc983be70aA9c5C299387\ Old Teller (still active): 0x221Ea02d409074546265CCD1123050F4D498ef64 Accountant: 0xc315D6e14DDCDC7407784e2Caf815d131Bc1D3E7 Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B DecoderAndSanitizer: 0x7fA5dbDB1A76d2990Ea0f3c74e520E3fcE94748B RolesAuthority: 0xaBA6bA1E95E0926a6A6b917FE4E2f19ceaE4FF2e # Liquid BTC Yield Vault ## Overview The Liquid BTC Vault is intended to provide a simple way for users to earn from a diversified set of BTC yield opportunities, including bespoke liquidity deals, pre-launch farming, and token incentives. Unlike other Bitcoin vaults, users have numerous deposit options including eBTC, WBTC, LBTC, and cbBTC for the vault. Initially the vault will utilize a range of borrow & lending protocols, such as Aave & Morpho, to take advantage of rate arbitrages found across BTC assets, as well as competitive stablecoin yields. The vault is built on the Veda infrastructure. [Check out the Liquid BTC Yield Vault on ether.fi](https://www.ether.fi/app/cash/earn/liquid/btc-yield) ## Key Benefits * Earn diversified set of DeFi yields while gaining exposure to a blend of points & compounding incentives sourced from BTC markets * Additional rewards of Babylon, Lombard, Ether.fi, and Veda points dependent on the underlying asset composition * Stack BTC - Automated compounding of rewards ## Audits & Contract Deployments ### Audits [https://github.com/Se7en-Seas/boring-vault/tree/main/audit
]() ### Contracts: BoringVault: 0x5f46d540b6eD704C3c8789105F30E075AA900726 Token: 0x5f46d540b6eD704C3c8789105F30E075AA900726 Accountant: 0xEa23aC6D7D11f6b181d6B98174D334478ADAe6b0 Teller: 0x8Ea0B382D054dbEBeB1d0aE47ee4AC433C730353\ Old Teller (still active): 0x9E88C603307fdC33aA5F26E38b6f6aeF3eE92d48 Subvaults holding assets:\ Euler RLUSD strategy:\ 0xfBCA329E2Ee0c44d8F115A4B8F7ceda9E109f436\ 0x832Fe608c50ade63700d216636ca48b9E8a7D89e \ 0x86761bE7D4e6Fe6f35B3335765A20B2b2e1849a3 Euler PYUSD strategy:\ 0x11Fd9E49c41738b7500748f7B94B4DBb0E8c13d2 \ 0x075734AE0D7A4c89dB7799f73De32F6C53fEaFd6 \ 0x2AFBd96Fb854083574B738b36Af34703C89B8656 # Liquid Reserve Vault ## Overview The Liquid Reserve vault provides a simple way for users to earn rewards on their USD holdings through a set of DeFi opportunities. Users can deposit USDC or USDT which is then lent to Morpho, a permissionless lending protocol optimized for competitive yields. The vault utilizes Midas infrastructure and is available to US users (currently unavailable in NY). [Check out the Liquid Reserve Vault on ether.fi](https://www.ether.fi/app/cash/earn/liquid/reserve) ## Key Benefits * Earn rewards on USDC / USDT holdings through Morpho * Access DeFi infrastructure with a simplified user experience * Qualify for ongoing rewards from participation within the Ether.fi ecosystem ## FAQs **What is Liquid Reserve?** Liquid Reserve is a Midas powered vault that provides users access to DeFi to earn rewards on their USDC / USDT holdings. **Where are deposited assets deployed?** Deposited assets are deployed into Morpho. Further analytics of vault holdings are made available on the Ether.fi vault pages. **How long do withdrawals take?** Withdrawals are targeted for processing within a 48-hour period. **Who is the infrastructure manager?** The vault is built on Midas infrastructure. ## Audits & Contract Deployments ### Audits ## Contracts: Token: 0xca5921DF65E2e1b0B98Ae91c0187BA80D4124898 Oracle: 0x58dDf77A329CcbE2F4C2114C64ed9E12Ec8a1356 DataFeed used in the vaults: 0x843EAa59836599611FA02BC065dCb128F320Af9f DepositVault: 0x1561eC30da97108Df46535CBd9bAD8C8d8611B3a RedemptionVault: 0xC87b51735ea5Eeee59D3e12601dC931F77F2837a # Elixir Stable Vault ## Overview The Elixir Stable Vault is intended to provide a simple way for users to earn from a diversified set of stablecoin yield opportunities, while getting exposure to the Elixir ecosystem. Unlike other stablecoin vaults, users have numerous deposit options including USDC, deUSD, USDT, and DAI into the vault. Initially the vault will utilize Uniswap for liquidity provision, but as the vault scales, new yield sources may be added. The vault is built on the Veda infrastructure. [Check out the Elixir Stable Vault on ether.fi](https://app.ether.fi/liquid/elixir) ## Key Benefits * Earn diversified set of DeFi yields while gaining exposure to the ether.fi and Elixir ecosystem * Earn Max Elixir Potions (5x), Veda and ether.fi points. * Automated compounding ## Audits & Contract Deployments ### Audits [https://github.com/Se7en-Seas/boring-vault/tree/main/audit
]() ### Contracts: BoringVault: 0x352180974C71f84a934953Cf49C4E538a6F9c997 Token: 0x352180974C71f84a934953Cf49C4E538a6F9c997 Accountant: 0xBae19b38Bf727Be64AF0B578c34985c3D612e2Ba Teller: 0x417e1Ef6eB82c3E6a60c2DC342e574E4C51B4D35 # Usual Stable Vault ## Overview The Usual Stable Vault is intended to provide a simple way for users to earn from a diversified set of stablecoin yield opportunities, while getting exposure to the Usual ecosystem. Unlike other stablecoin vaults, users have numerous deposit options including USDC, USDT, DAI, as well as Usual Money’s USD0 and USD0++, etc. Initially the vault will utilize Pendle, Morpho and Maker (sDAI). As the vault scales, new yield sources may be added. The vault is built on the Veda infrastructure. The strategy for the vault is provided by MEV Capital. [Check out the Usual Stable Vault on ether.fi](https://app.ether.fi/liquid/usual) ## Key Benefits * Earn diversified set of DeFi yields while gaining exposure to the ether.fi and Usual ecosystem * Automated compounding * ~~3x Usual Pills with catchup boost~~\ **Usual Pills have ended. Welcome $USUAL!** \ \ **Your earned Pills will be displayed in your vault position. Moving forward, the vault will now earn USUAL tokens!** [**Learn more about USUAL**](https://usual.money/blog/goodbye-pills-hello-usual)\
## Audits & Contract Deployments ### Audits [https://github.com/Se7en-Seas/boring-vault/tree/main/audit
]() ### Contracts: BoringVault: 0xeDa663610638E6557c27e2f4e973D3393e844E70 Token: 0xeDa663610638E6557c27e2f4e973D3393e844E70 Accountant: 0x1D4F0F05e50312d3E7B65659Ef7d06aa74651e0C Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B Teller: 0xA55a34d31AF7E1bDDFACe2966d51526ECcF4f76E # UltraYield Stablecoin Vault ## Overview UltraYield brings a diversified set of conservative market-neutral strategies aimed at generating real yield to depositors. The vault is built on the Veda infrastructure. [Check out the UltraYield Stablecoin Vault on ether.fi](https://app.ether.fi/liquid/ultrayield) ## Key Benefits * Market-neutral strategies, no correlation with BTC/ETH price * Active rebalancing depending on market conditions * Insurance coverage against protocol hacks **Vault Strategies may include** * Leveraged AAVE position utilizing eETH * Allocation to yield-bearing stablecoins * Purchase of Pendle PT to hedge against possible market volatility ## Audits & Contract Deployments ### Audits [
]() ### Contracts: BoringVault: 0xbc0f3B23930fff9f4894914bD745ABAbA9588265 Token: 0xbc0f3B23930fff9f4894914bD745ABAbA9588265 Accountant: 0x95fE19b324bE69250138FE8EE50356e9f6d17Cfe Teller: 0xc8c58d1567e1db8c02542e6df5241A0d71f91Fe2 # The Bera ETH Vault ## Overview The Bera ETH Vault is intended to provide a simple way for users to participate in Boyco pre-launch & post-launch programs for Berachain. Users will earn from a diversified set of ETH yield opportunities, in addition to Bera rewards, all made available through differing markets and protocols which are operating in the Berachain ecosystem. The Bera ETH Vault will have a duration component associated with the deployment. The assets will undergo an expected 90 days lockup period after Berachain mainnet deployment. Afterwards, assets will continue to be used within DeFi to earn competitive yield. Unlike other Ethereum vaults, users have numerous deposit options including WETH, stETH, and weETH for the vault. Initially the vault will utilize Kodiak (DEX), Dolomite (Borrow & Lending), and Goldilocks (Yield Trading) protocols. The vault is built on the Veda infrastructure. [Check out the Bera ETH Vault on ether.fi](https://app.ether.fi/liquid/bera-eth) ## Key Benefits * Participate in the launch of Berachain and earn outsized rewards as a Day 1 supporter * Take advantage of special programs & markets outlined for Ether.fi asset holders * Earn a diversified set of DeFi yields with a blend of points & compounding incentives sourced from BTC markets \ **Note regarding vault rewards:** \ Only deposits made and remain during up in the lockup period of the vault will be awarded ETHF and vault rewards, and will be awarded at the end of the lockup period. Depositors that withdraw before the lockup period forfeit all vault rewards. ## Audits & Contract Deployments ### Audits [
]() ### Contracts: BoringVault: 0x83599937c2C9bEA0E0E8ac096c6f32e86486b410 AccountantWithRateProviders: 0x04B8136820598A4e50bEe21b8b6a23fE25Df9Bd8 BoringOnChainQueue: 0xE2f6157656ed2BBBD87f1c01A29c1b92acb17476 Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B ManagerWithMerkleVerification: 0x62b283d4FeFB2a120e1120dba9f83bE6CA41bCD7 Pauser: 0x7C5C721FF970D86CEdE81cBB81914DD7C2dCB234 QueueSolver: 0x45D85C0A1168726Bbee2352D78E7647f70654d56 RolesAuthority: 0x5979F753b417c17FCd8f8c87b86154A0EB0E2c17 TellerWithMultiAssetSupport: 0xCbc0D2838256919e55eB302Ce8c46d7eE0E9d807 Timelock: 0x946F01f13eCafdbbd4CC2BDEd41703b3365b9D17 # The Bera BTC Vault ## Overview The Bera BTC Vault is intended to provide a simple way for users to participate in Boyco pre-launch & post-launch programs for Berachain. Users will earn from a diversified set of BTC yield opportunities, in addition to Bera rewards, all made available through differing markets and protocols which are operating in the Berachain ecosystem. The Bera BTC Vault will have a duration component associated with the deployment. The assets will undergo an expected 90 days lockup period after Berachain mainnet deployment. Afterwards, assets will continue to be used within DeFi to earn competitive yield. Unlike other Bitcoin vaults, users have numerous deposit options including wBTC, cbBTC, LBTC, and eBTC for the vault. Initially the vault will utilize Kodiak (DEX), Dolomite (Borrow & Lending), and Goldilocks (Yield Trading) protocols. The vault is built on the Veda infrastructure. [Check out the Bera BTC Vault on ether.fi](https://app.ether.fi/liquid/bera-btc) ## Key Benefits * Participate in the launch of Berachain and earn outsized rewards as a Day 1 supporter * Take advantage of special programs & markets outlined for Ether.fi asset holders * Earn a diversified set of DeFi yields with a blend of points & compounding incentives sourced from BTC markets **Note regarding vault rewards:** \ Only deposits made and remain during up in the lockup period of the vault will be awarded ETHF and vault rewards, and will be awarded at the end of the lockup period. Depositors that withdraw before the lockup period forfeit all vault rewards. ## Audits & Contract Deployments ### Audits [
]() ### Contracts: BoringVault: 0xC673ef7791724f0dcca38adB47Fbb3AEF3DB6C80 AccountantWithRateProviders: 0xF44BD12956a0a87c2C20113DdFe1537A442526B5 BoringOnChainQueue: 0x57d5fe2828ae519781A3ccA5da1BFFd527120D84 Lens: 0x5232bc0F5999f8dA604c42E1748A13a170F94A1B ManagerWithMerkleVerification: 0x603064caAf2e76C414C5f7b6667D118322d311E6 Pauser: 0x9fFEEF56DFB45A44c51543F3A08d0c91948e9F56 QueueSolver: 0xb7E852e169f8104396Fff7c25430299BbdAc91b1 RolesAuthority: 0x829675330fdcEE01022983493e71F73fb53eaB45 TellerWithMultiAssetSupport: 0x07951756b68427e7554AB4c9091344cB8De1Ad5a Timelock: 0x0F2c66475EC9cef9C6B369CD8ecb04aAf4Db3329 # Liquid Move ETH Vault ## Overview The Liquid Movement Vault provides a simple way for users to participate in the Cornucopia Era launch program for Movement and earn MOVE rewards. Assets will be utilized to provide wETH/weETH DEX liquidity on Liquidswap to provide deep liquidity for weETH users on Movement. Vault withdrawals will be disabled for a two month period after mainnet launch (follow Movement for mainnet date announcements). Rewards will vest linearly over a 1-month period after withdrawals are re-enabled and are claimable on Movement. The vault is built on the Veda (Ethereum) & Canopy (Movement) infrastructure. [Check out the Liquid Move ETH Vault on ether.fi]() ## Key Benefits * Participate in the launch of Movement as a Day 1 support! Earn MOVE for your deposits during the Cornucopia program * Take advantage of special programs outlined for [Ether.fi](http://Ether.fi) asset holders * Earn a diversified set of DeFi yields & compounding incentives sourced from ETH markets ## Audits & Contract Deployments ### Audits ### Contracts: BoringVault: 0xca8711dAF13D852ED2121E4bE3894Dae366039E4 AccountantWithRateProviders: 0xb53244f7716dC83811C8fB1a91971dC188C1C5aA TellerWithMultiAssetSupport: 0x63ede83cbB1c8D90bA52E9497e6C1226a673e884 # Liquid Katana ETH Vault ## Overview Katana is a new chain designed to give DeFi users exactly what they want: **higher yields and deeper liquidity**. As an [ether.fi](http://ether.fi) user, you can now deposit **weETH** directly into Katana’s ecosystem and earn rewards from day one. The [ether.fi](http://ether.fi/) x Katana Veda vault offers users the opportunity to deposit ETH through [ether.fi](http://ether.fi/) during a strategic 14-day pre-launch period. During this preparation phase, deposited assets are staged for seamless bridging to the Katana mainnet once it becomes operational. This structured approach ensures that users can position their assets early while the infrastructure prepares for full deployment. Upon Katana mainnet activation, deposited weETH is automatically deployed into lending strategies on Morpho, professionally managed by Sentora. Users can expect to earn a compelling combination of ETHFI, KAT, and weETH staking rewards. The vault maintains flexibility with withdrawal capabilities after going live, though deposits must be held for a minimum of 30 days post-mainnet launch to qualify for the full reward eligibility. The vault is built on the Veda infrastructure. [Check out the Katana ETH Vault on ether.fi](https://ether.fi/app/liquid/katana-eth) ## Key Benefits * **250K ETHFI (Phase 1 deposits) + 10bps of Total Kat supply + Morpho Lending Yield + weETH Restaking Yield** * Take advantage of exclusive lending strategies and yield optimization * Earn a diversified set of DeFi yields with triple reward streams {% hint style="info" %} **Note regarding vault rewards:** Only deposits made during the pre-deposit phase that remain for 30 days post-mainnet launch will be awarded ETHFI and KAT rewards. ETHFI will be distributed at the end of the [Ether.fi](http://ether.fi/) Member Rewards phase shortly after the end of August, and KAT will be distributed upon token event. Depositors that withdraw before the 30 day post-mainnet period forfeit all vault rewards. {% endhint %} ## Audits & Contract Deployments ### Audits ### Contracts: BoringVault: 0x69d210d3b60E939BFA6E87cCcC4fAb7e8F44C16B AccountantWithRateProviders: 0xFCb9a6bF02C43f9E38Bb102fd960Cc1e738e787d BoringOnChainQueue: 0x52E523B849c584F86bF460A3cF2962b118Ce2506 Lens: 0xE0eFE934DC4744090e8eF93f1D125E4015a857FE ManagerWithMerkleVerification: 0x51CdEcC111c21BED72Ab99f415Bab6d35984BfEB Pauser: 0xe50A6C887c18c5541d8CF311825016fbBb282C74 QueueSolver: 0x102b3FDb4537df5b15aB91A85BC6f62fbcD06137 RolesAuthority: 0x1645E0cc24595faB37916a3d57bC51dFf0315Cf7 TellerWithMultiAssetSupport: 0x739A1efFaDDB0b07ef1284598819232df4FD8d16 Timelock: 0x0000000000000000000000000000000000000000 # Liquid HYPE Yield Vault ## Overview The Liquid HYPE Yield vault provides a simple way for users to earn from a diversified basket of HYPE yield opportunities. Users can deposit HYPE & beHYPE, which is then deployed into an evolving set of DeFi protocols. The vault is built using Hyperbeat. The strategy for the vault is provided by Hyperbeat. **Deposit at** ## Key Benefits * Earn competitive yields from participation in HyperEVM liquidity programs * Maintain exposure to beHYPE in positioning for future HIP-3 market launches * Qualify for ongoing rewards from participation within the Ether.fi & Hyperbeat ecosystem ## FAQs **What is the Liquid HYPE Yield Vault?** The Liquid HYPE Yield Vault is an automated DeFi strategy vault that provides users simple access to use their HYPE & beHYPE in the HyperEVM ecosystem. Assets are deployed to generate real yield and earn exclusive incentives from partners. **Where are deposited assets deployed?** Deposited assets are deployed into HyperEVM protocols to generate real yield and earn exclusive incentives. Further analytics are made available on the Ether.fi & Hyperbeat vault pages. **How long do withdrawals take?** Withdrawals are targeted for processing within a 48-hour period. There are two available withdrawal modes available: Instant and Classic. Instant Redemption allows for immediate withdrawals when there is sufficient liquidity, but incurs a 0.3% withdrawal fee. Alternatively, users can select the Classic Redemption option, which processes the withdrawal within 48 hours without slippage or fees. **Who is the infrastructure manager?** The vault is built on the Hyperbeat infrastructure. [Check out the Liquid HYPE Yield Vault on ether.fi](https://www.ether.fi/app/liquid/hype) ## Audits & Contract Deployments ### Audits ### Contracts: Token: 0x441794D6a8F9A3739F5D4E98a728937b33489D29 DepositVault: '0x5bfb09Dd155C0Ec3f375B266A7353c0bA64F9d60' RedemptionVault: 0xa03e0e3b7e6204c9a8d237c4fbd30793555a84fe # Coverage for Liquid ether.fi users can purchase cover from [Nexus Mutual](https://nexusmutual.io/), a decentralized insurance alternative. They have added the following Bundled Protocol Cover listings to their dApp. [See coverage details](https://etherfi.gitbook.io/etherfi/partnerships/coverage) # Technical Documentation How the Liquid Vaults work. All ether.fi Liquid Vaults are built on **Veda’s Boring Architecture**. This architecture is based on: * **Non-upgradeable core contracts** * **Modular components** that can be attached or replaced * **Strict role separation** * **Hard constraints on vault actions** The vault token contract itself remains constant. Functionality is extended or modified by attaching external modules through a role registry. This design significantly reduces the attack surface while still allowing flexibility. The system integrates **LayerZero**, allowing vault tokens to function across multiple blockchains. For comprehensive protocol details, refer to the official **Veda smart contract documentation**. > \*[**Note:** The Liquid HYPE Yield Vault is powered by **Midas** and uses separate contracts - see the **Liquid HYPE Yield Vault** documentation for details specific to that vault.](#user-content-fn-1)[^1] *** ## User Flow ### Depositing Users deposit supported assets through the **Teller** contract. **How it works** * Users deposit approved ERC20 tokens or the native token * Deposits mint **BoringVault shares**, issued as an ERC20 token * These shares represent the user’s proportional ownership of the vault **Key rules** * The Teller maintains an **allowlist** of supported deposit assets * Deposits are blocked if the Teller is paused * Users must approve the **BoringVault** (not the Teller) to spend the asset * Approval can be done via standard ERC20 approval * Or via permit signatures, if supported **Slippage protection** * Users can specify a **minimum number of shares** to receive * If fewer shares would be minted, the transaction reverts **Execution** * Assets are transferred into the BoringVault * Shares are minted to the user * All happens atomically in a single transaction ### Withdrawing Withdrawals are handled via a dedicated **Boring Queue** per vault. **How it works** 1. User holds BoringVault shares 2. User approves the **Boring Queue** to spend those shares 3. User submits a withdrawal request **Withdrawal request parameters** * Output token * Minimum output amount The minimum output amount acts as on-chain protection against unfavorable execution. **Timing constraints**\ Each vault defines: * A **minimum delay** before a withdrawal becomes executable * A **maximum fulfillment window** after which the request expires These constraints are enforced directly by the queue contract. **Managing requests** * Requests can be replaced or canceled before fulfillment * If canceled, shares are returned to the user **Fulfillment** * Withdrawals are fulfilled by **Veda’s solver** * The solver must meet the user’s minimum output requirement * Shares are consumed and the output token is delivered atomically
*** ## Fees * Vaults may charge a **platform fee** set in the **Accountant** * Fee range: **0% to 2%** * **No performance fees** are charged by any vault *** ## Smart Contracts & Architecture ### Core components The BoringVault was built from the ground up to be the most secure and flexible framework for building enterprise-grade DeFi products by Veda Labs. Here are the official [docs](https://docs.veda.tech/architecture-and-flow-of-funds) by veda ### Architecture
#### **BoringVault** The central vault contract. * Holds user assets * Mints and burns vault shares * Keeps internal logic intentionally minimal * Delegates functionality to external modules This design improves both security and composability. #### **Teller** Handles all user-facing deposit actions. Responsibilities: * Accepts deposits * Enforces share lock rules * Refunds deposits when protections are triggered * Manages cross-chain token bridging #### **Hook (Optional)** Executes custom logic before share transfers. Common use cases: * Transfer restrictions * Share lockups * Compliance and whitelisting logic #### **Manager** Executes vault strategies and rebalances. * Uses **Merkle proofs** to verify allowed actions * Can only execute strategies pre-approved by Admin * Prevents unauthorized or arbitrary vault behavior #### **Accountant** Manages the vault exchange rate. Responsibilities: * Calculates share-to-asset conversion * Enforces bounds on rate changes * Can pause updates during abnormal conditions #### **BoringOnChainQueue** Handles withdrawals. * Receives vault shares from users * Works with the atomic solver to execute withdrawals * Ensures timing and minimum output constraints are respected #### **DecoderAndSanitizer** Security layer for external protocol interactions. * Decodes calldata * Sanitizes parameters * Ensures only intended operations are executed #### **Oracle** Tracks vault value and yield. Built-in safeguards include: * Maximum update frequency * Maximum deviation thresholds This ensures accurate and reliable reporting. *** ## Benefits to this Architecture * The vault itself is simple and does not execute strategies or complex logic directly, reducing the attack surface. * External modules handle deposits, accounting, strategy execution, and withdrawals, allowing upgrades or customizations without redeploying the vault. * Managers use **Merkle proofs** to ensure only authorized, predefined strategies are executed, preventing unauthorized actions. * Decoder and Sanitizer modules ensure interactions with external protocols are secure and only execute intended operations. *** ## Roles #### Admin The Admin is a multi-sig consisting of members from both the veda team and the[ ether.fi](http://ether.fi) team. This role is meant to act as a neutral party that is responsible for defining the whitelisted protocols and assets and the actions and parameter the strategist can perform. The admin is also able to make changes to the modules connected to the boring vault, ie the withdrawal queue, teller accountatn etc. #### Strategist The Strategist is responsible for submitting rebalance signals to the vault. There are significant limitations to the actions that the Strategist. The strategist rebalances the vault by making manage call with a merkle proof, and the merkle root is set by admin therefore they can only rebalanced based what was whitelisted by the admin. All strategists are multisigs unless there is very limited whitelisted actions with low risk actions. #### Pauser Hypernative, and other trusted entities have the ability to pause the vaults as a safety and control mechanism. *** ## Security There are several layers of security built into the smart contracts. 1. **Constrained actions** - The vault only has the capability to interact with pre-approved protocols and assets using merkle proofs. Rebalances can only be executed using the set of protocols and add assets that are encoded in the merkle root. This places a hard constraint on what actions the vault can take and what parameters can be passed to a protocol 2. **Rebalance deviation** - On every rebalance, the vault computes the total assets before and after the rebalance and reverts the transaction if the change in value exceeds a threshold. This acts as a catch-all safety check on any vault operation. 3. **Multiple roles** - There are various roles each with the ability to only call a subset of functions on the vault. For example, the Strategist can only rebalance the vault but does not have access to other sensitive functions. 4. **Non-upgradeable core** - The token contract is very simple there should never be upgraded even if it was possible in our case it is not possible. All modules attached the boring vault is swappable if new feature need to be added or during a security concern. *** ## Audits The BoringVault is one of the most audited DeFi contracts in production. Audit firms commissioned to evaluate the BoringVault include Spearbit, Macro, Secure3 & Hexens. More details on: [^1]: # FAQs #### **What is Liquid?** Liquid is a new automated DeFi strategy vault, only available on ether.fi. Earn yields, loyalty points and EigenLayer points on your ether.fi assets. The very best of DeFi, all in one place. #### **How does Liquid work?** After depositing tokens into Liquid, you’ll receive the LP token LQIDETHFIV1, which entitles you to returns from DeFi protocols in which the strategy operates, as well as any additional[ ether.fi](http://ether.fi) rewards. **Is there coverage for Liquid?** ether.fi users can purchase cover from [Nexus Mutual](https://nexusmutual.io/), a decentralized insurance alternative. They have added the following Bundled Protocol Cover listings to their dApp. [See coverage details](https://etherfi.gitbook.io/etherfi/partnerships/coverage) #### **What DeFi protocols does Liquid support?** Currently, Liquid supports Uniswap V3, Balancer, Aave V2/V3, Morpho Blue, and Curve/Convex. #### **Will Liquid support more/new protocols in the future?** Liquid will support new protocols in the future, stay tuned for more information. #### **What is a strategy provider?** The strategy provider is an institutional investor who deploys capital at scale. They provide liquidity by fulfilling withdrawals. The strategy for this vault is provided by [Seven Seas](https://sevenseas.capital/). #### **What sort of rewards does Liquid offer?** On top of protocol yields, Liquid will offer either.fi loyalty points and EigenLayer points. Points earned from Liquid work the same way as points from holding eETH in any other DeFi protocol, and they will continue to play a part in Season 2 events. #### **What fees are charged on Liquid?** A platform fee is charged for vault management. A performance fee may be charged by the Strategy Provider of the vault. This is taken periodically (typically once per day) when the vault rebalances its position. This fee is already reflected in your balance. A small discount ranging from 1 basis point is taken from your LP at time of withdrawal. This discount is charged to compensate for the Solver gas costs of fulfilling the withdrawal. #### **How long do withdrawals take?** Withdrawals may take up to 3 days in the Withdrawal queue. In the future, the vault will feature an option to adjust your withdrawal period from 72 hours at a small discount rate of 1bp, to 6 hours at 15bps. #### **Can I deposit ETHFI on Liquid?** At this time, Liquid does not support depositing ETHFI. You may deposit eETH, weETH, or WETH. #### **Will I continue to earn my initial points from staking eETH including the points I’ll earn on liquid?** The points earned will be on a full TVL basis (similar to holding eETH). Additionally, your loyalty points are multiplied with a boost on Liquid ([see Liquid page ](https://app.ether.fi/liquid)for current boost level), so you’ll earn even more points than just holding regular eETH. #### **How is Net APY calculated?** Net APY is a sum of: 1. Estimated APY from DeFi protocols and ETH staking yield 2. Rewards APY from any additional token rewards Estimated APY is constantly changing due to fluctuating protocol and staking yields. Because of this, the Net APY may fluctuate as well. #### **Why did my Daily Check-In drop after I deposited into Liquid?** We are currently updating the Daily Check-In badge to include Liquid deposits. Stay tuned for more details.
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# Cash Cash allows you to borrow against and spend powered by your ether.fi balance in the real world. Cash is a truly crypto-native credit card. Buy a coffee at your local shop or book your next hotel stay. All with crypto, hassle-free. Earn Cash Back and additional rewards with every purchase on your ether.fi Cash credit card. Cash includes **a mobile app** that connects to your ether.fi account and **Visa credit card** that you can load with your balance. Cash allows you to borrow against your ether.fi crypto assets and use it to spend in the real world! 👉 [Learn more](https://www.ether.fi/cash) *** # Technical Documentation Ether.fi has launched **ether.fi Cash**, an advanced DeFi payment solution designed for crypto users, developers, and institutional investors seeking a secure, non-custodial financial experience. *** ## 1. Secure and Non-Custodial *Vault* Upon creating an account at ether.fi Cash, a dedicated smart contract, [***ether.fi Vault***](/etherfi/cash/vault)***,*** is automatically deployed for you. This Vault ensures **secure and non-custodial** control, meaning you remain the exclusive owner of your funds, maintaining complete autonomy. **Diagram 1: Vault Ownership/Authentication Architecture**
### Security as a First-Class Citizen Your Vault is secured by sophisticated cryptographic management through a secure enclave architecture (i.e., [Trusted Execution Environment](https://en.wikipedia.org/wiki/Trusted_execution_environment)) provided by [Turnkey](https://www.turnkey.com/). This secure enclave generates and manages your keys, significantly enhancing security compared to traditional wallets reliant on seed phrases. The keys remain encrypted and inaccessible outside this secure environment, accessible only via explicit, user-authorized cryptographic authentication. The enclave-based security design ensures robust protection against both external threats and internal risks, providing a tamper-proof environment where even ether.fi or Turnkey cannot access your private keys, thereby reinforcing the non-custodial nature of your wallet. ### Non-Custodial by Design The ether.fi Vault is designed to be entirely user-owned and controlled. Your encrypted keys are strictly managed within the Secure Enclave, accessible exclusively through user-authorized cryptographic authentication. It guarantees that neither ether.fi nor any third-party can ever access or control your Vault or your keys. ### Seamless DeFi Banking Experience Ether.fi seamlessly integrates its advanced DeFi primitives, such as [Staking](/etherfi/staking) and [Liquid](/etherfi/liquid) products, to deliver a premium, frictionless DeFi banking experience. This integration ensures you have effortless access to the top-class decentralized finance products directly within your Vault. Moreover, ether.fi enables secure direct card spending linked to your Vault, allowing users flexibility between Direct Spend Mode (immediate fund deductions) and Borrow Mode (automatic short-term borrowing). The daily and monthly spending limits are user-configurable, providing an additional layer of security to protect against unauthorized or excessive transactions. *** ## 2. Effortless Cross-chain via Universal Address Ether.fi provides a effortless cross-chain deposit service with universal addressing exploiting deterministic address deployment. Users can deposit the supported assets to their vault at any supported EVM chain from any address (e.g., personal wallet, or crypto exchange). **Diagram 2: Cross-Chain Operation via Universal Address**
### Universal Vault Address Through advanced deterministic deployment (using Create3), each user is assigned a universally consistent address across all EVM-compatible blockchains. The address is used for the dedicated Vault contract on Scroll (the core chain) and for the deposit address on other (supported) chains. That is, users can deposit to their vault at any supported EVM chain from any address (e.g., personal wallet, or crypto exchange). The unique address is assigned to each user can be extended for chain-agnostic smart wallet system in future! ### Near-Instant, Automated, and Transparent Bridging Funds sent to your unique address on any supported blockchain are swiftly and transparently bridged to your dedicated Vault on the core chain. This process leverages automated & secured smart contract interactions ensuring a superior user experience without cumbersome manual steps. ### Handling Unsupported Assets Currently, only assets explicitly supported within the ether.fi ecosystem can be deposited securely. Depositing unsupported assets may result in funds becoming inaccessible. Proper handling, including withdrawal support for these assets, will be introduced in a future upgrade. ### Supported blockchains Core chains * Scroll * Optimism (from Apr 2026) Top-up chains * Ethereum * Base * Arbitrum * HyperEVM *** ## 3. Modular Design for Security ether.fi’s Vault contract adopts modular design, delivering both security and flexibility for DeFi banking experiences. This modular architecture enables managed, secure operations through distinct, independently managed modules. ### Modular Contract Framework At its core, the Vault contract serves strictly as a robust multisig authorization and module management hub. Direct interactions with the Vault are securely restricted, ensuring all functionalities are executed exclusively via thoroughly vetted modules. ### Module Governance Modules are individually whitelisted and vetted by ether.fi, designed as non-upgradeable to ensure predictable and stable operations. Each module—such as token management, lending integrations (e.g., Aave), or borrowing—is optimized to perform clearly defined roles, ensuring clean separation of concerns and operational security. The Vault owner needs to approve individual modules to allow the interactions. ### Advanced Hook System for Security Operational hooks reinforce system health, providing additional security layers. These hooks rigorously validate critical metrics, including debt positions, ensuring robust, continuous integrity monitoring and risk mitigation. ### Role-Based Access Control Clear role separation between Owners and Admins provide precise control and secure management. Highly sensitive actions, including administrative changes or fund withdrawals, are tightly restricted to Owner-level authorization, adding a vital layer of governance and security. For more details, visit [here](/etherfi/cash/vault) *** # Account upgrade As a planned extension of ether.fi Cash, the core chain for Cash is updating in Apr 2026 ## Universal cross-chain addresses Ether.fi has, since the launch of ether.fi Cash, provided a cross-chain deposit service utilising universal addresses. Within this architecture, each user is assigned a universally consistent address across multiple EVM-compatible blockchains ('top-up' chains). One of these addresses is designated the 'core' chain, and any supported assets deposited on any of the supported top-up chains are transparently bridged to the core chain. Refer to our [technical documentation](https://etherfi.gitbook.io/etherfi/cash/technical-documentation#id-2.-effortless-cross-chain-via-universal-address) for more information. The core chain is the network that holds user assets after bridging, and is the network on which all card payments are settled, and on which swaps and other actions take place. ## Account upgrade process The account upgrade process leverages the existing cross-chain address architecture. For each existing user safe on the current core chain, a safe is deployed on the new core chain (Optimism), and a migrate function is called. This results in the cross-chain deposit service treating the previous core chain as a top-up chain. ### Addition of a new core chain The upgrade process is driven by the addition of a new core chain, and switching the existing core chain to be a supported top-up chain. Throughout the upgrade, all assets exist on the universal safe address, or in the bridges used.
The following existing bridges are used, and live on-chain tracking is available for all: * Layer zero * Stargate * Canonical L2 bridges The end result is that all assets arrive on the new core chain, and all current functionality and custody behave exactly the same. ## Full multi-chain vault support This upgrade, which allows switching of core chains, sets the groundwork for enabling a fully non-custodial chain-agnostic vault system where users can arbitrarily bridge assets between multiple core networks to enable native DeFi integrations. An example of this would be a HyperLiquid trading integration where user assets can exist across 2 networks concurrently and be used for card spending or trading within the same non-custodial architecture. Multi-chain vault support will be a future upgrade. # Vault ## Non-Custodial When you sign up as an [ether.fi](http://ether.fi) Member, a Turnkey signer is automatically created for your account. This Turnkey signer serves as the owner of your Vault and can only be accessed by you — never by [ether.fi](http://ether.fi) nor TurnKey. We work with [Turnkey](https://www.turnkey.com/) to provide secure, non-custodial key management. It removes the need to rely on phishable seed phrases, employ familiar authentication methods, and are more deeply embedded into our application for a seamless user experience. Signing onchain transactions with your in-app wallets requires explicit, cryptographic authentication using your {passkey, email address, or social login}. Turnkey uses AWS Nitro secure enclaves, a type of tamper-proof Trusted Execution Environment (TEE), for all sensitive operations. Private keys are never decrypted outside these enclaves, and only you can authorize key usage with your credentials. It has also implemented stringent protocols to prevent individual engineers from altering enclave code, ensuring a secure end-to-end deployment process. For more details, see Turnkey’s security documentation [here](https://docs.turnkey.com/security/our-approach). ## Security Architecture #### Multisig Protection ether.fi's Vault implements a multisignature (multisig) security model: * Your Vault could have multiple owners, each with their own unique signature * You've established a signature threshold—the minimum number of required owner signatures to authorize any transaction * For example, if your Vault has 3 owners with a threshold of 2, any transaction on the Vault requires approval from at least 2 of these 3 owners * The owners could also authorize some users as admins to the Vault who could carry out certain operations on their own. * Each owner is by default an admin #### Managing Your Vault's Ownership Structure As a Vault owner, you can: * Add new owners to your Vault * Remove existing owners from your Vault * Adjust your signature threshold to increase or decrease security requirements * View the current ownership structure and signature requirements Any changes to your Vault's ownership or threshold settings require transaction approval according to your current threshold requirements. ## Modularity Your Vault can connect with modules—specialized smart contracts that extend your Vault's functionality while maintaining its security. #### Your Module Options Your Vault comes with several pre-configured modules: 1. **Default Modules** (automatically available): * **EtherFi Cash Module**: Core neo-bank functionalities * **EtherFi Stake Module**: Participate in EtherFi Stake and let your funds work for you * **EtherFi Liquid Module**: Put your funds to autopilot using EtherFi Liquid vaults * **OpenOcean Swap Module**: Integration for token swapping 2. **Additional Whitelisted Modules**: * Additional modules reviewed and whitelisted by EtherFi * You must explicitly authorize these modules with owners threshold signature before they can interact with your Vault #### Module Security Protocols To protect your assets: * EtherFi maintains a strict module whitelisting process * Only modules that have passed security reviews can be added to the whitelist * You maintain full control over which whitelisted modules can interact with your Vault * Only EtherFi can designate default modules that are available to all users #### Configuring Your Vault's Modules To add a whitelisted module to your Vault: 1. Confirm the module appears on EtherFi's official whitelist 2. Initiate a module authorization transaction 3. Collect the required number of owner signatures according to your threshold 4. Once authorized, the module can interact with your Vault according to its defined permissions ## Recovery Your Vault includes a sophisticated recovery system that balances security with practical recovery options. #### Your Default Recovery Configuration Your Vault is initially configured with: * Two designated recovery signers: 1. An EtherFi corporate signer 2. A trusted third-party signer selected by EtherFi * A recovery threshold requiring approval from both signers #### Customizing Your Recovery Settings As a Vault owner, you have complete control over your recovery system: * **Replace Recovery Signers**: Designate your own trusted contacts as recovery signers * **Adjust Recovery Threshold**: Set how many recovery signatures are required to initiate recovery * **Expand Your Recovery Network**: Add additional recovery signers for enhanced security * **Disable Recovery**: You can disable the recovery feature entirely if you prefer All recovery setting changes require approval according to your Vault's current owner threshold. #### The Recovery Process Timeline If you need to recover your Vault: 1. Your designated recovery signers must approve the recovery action according to your recovery threshold 2. Upon approval, a mandatory 3-day timelock period begins 3. During this timelock period, any of your Vault's original owners can cancel the recovery process 4. If the recovery isn't cancelled, the new ownership configuration takes effect after the timelock expires #### The Importance of Your Timelock Period The 3-day timelock provides critical protection: * Gives you time to respond if unauthorized recovery is attempted * Allows cancellation of mistaken or malicious recovery attempts * Provides necessary notice to all stakeholders before ownership changes #### Managing or Disabling Recovery While recovery provides important security benefits, you may modify or disable it: 1. Initiate a transaction to update recovery settings or disable the feature 2. Gather the required signatures from Vault owners according to your threshold 3. If you disable recovery, consider implementing alternative backup access methods # Cash Modules This contract is the main neobank financial operations module for EtherFi Vault users. User interactions with the EtherFi Cash system occur via the CashModule contract. `CashModule` allows users to: * Spend funds in Direct Pay mode or Credit mode * Set spending limits * Request and process withdrawals * Earn cashback rewards * Repay borrowed funds * Switch between operational modes * Configure cashback splits CashModule is implemented as a set of contracts following the proxy pattern with distinct components: * `CashModuleCore`: Core financial operations * `CashModuleSetters`: Configuration management * `CashModuleStorageContract`: Storage implementation * `CashLens`: Read-only views ### Write Methods #### setupModule ```solidity function setupModule(bytes calldata data) external ``` Initializes the Cash Module for a new Vault. Function is invoked when the Cash Module is added to an EtherFi Vault. Sets up default spending limits and mode configuration. **Input Parameters:** | Name | Type | Description | | ---- | ----- | ------------------------------------------------------------------------------------------ | | data | bytes | The encoded initialization data containing daily limit, monthly limit, and timezone offset | #### spend ```solidity function spend( address vault, address spender, address referrer, bytes32 txId, BinSponsor binSponsor, address[] calldata tokens, uint256[] calldata amountsInUsd, bool shouldReceiveCashback ) external ``` Processes a spending transaction, transferring funds from the Vault in either Direct Pay or Credit mode. Requires the caller to have the `ETHER_FI_WALLET_ROLE`. When spending in Direct Pay mode, tokens are transferred directly from the Vault to the settlement dispatcher. In Credit mode, tokens are borrowed against the Vault's collateral. **Input Parameters:** | Name | Type | Description | | --------------------- | ---------- | ----------------------------------------------------------------------- | | vault | address | The address of the EtherFi Vault | | spender | address | The address of the user initiating the spend | | referrer | address | The address of the referrer (or address(0) if none) | | txId | bytes32 | Unique transaction identifier | | binSponsor | BinSponsor | Identifier of the bin sponsor (Rain or Reap) | | tokens | address\[] | Array of token addresses to spend | | amountsInUsd | uint256\[] | Array of amounts in USD value to spend (must match tokens array length) | | shouldReceiveCashback | bool | Flag indicating if the transaction should earn cashback | #### repay ```solidity function repay( address vault, address token, uint256 amountInUsd ) public ``` Repays borrowed tokens in Credit mode. When repaying, the Vault must have sufficient balance of the token being used for repayment. **Input Parameters:** | Name | Type | Description | | ----------- | ------- | ------------------------------------------- | | vault | address | The address of the EtherFi Vault | | token | address | The address of the token used for repayment | | amountInUsd | uint256 | The amount to repay, expressed in USD value | #### requestWithdrawal ```solidity function requestWithdrawal( address vault, address[] calldata tokens, uint256[] calldata amounts, address recipient, address[] calldata signers, bytes[] calldata signatures ) external ``` Requests a withdrawal of tokens from the Vault to a recipient address. The function requires valid signatures from the Vault owners according to the Vault's threshold configuration. Initiates a withdrawal request that will be available for processing after the withdrawal delay period. **Input Parameters:** | Name | Type | Description | | ---------- | ---------- | ----------------------------------------------------------------- | | vault | address | The address of the EtherFi Vault | | tokens | address\[] | Array of token addresses to withdraw | | amounts | uint256\[] | Array of token amounts to withdraw | | recipient | address | Address that will receive the tokens | | signers | address\[] | Array of Vault owner addresses that signed the withdrawal request | | signatures | bytes\[] | Array of signatures corresponding to the signers | #### processWithdrawal ```solidity function processWithdrawal(address vault) public ``` Processes a pending withdrawal request after the delay period has passed. The function executes the token transfers to the recipient specified in the withdrawal request. Fails if the withdrawal delay period has not yet elapsed. **Input Parameters:** | Name | Type | Description | | ----- | ------- | -------------------------------- | | vault | address | The address of the EtherFi Vault | #### setMode ```solidity function setMode( address vault, Mode mode, address signer, bytes calldata signature ) external ``` Sets the operational mode for a Vault (Direct Pay or Credit). Switching to Credit mode may have a delay period depending on configuration. Switching to Direct Pay mode happens immediately after verification. **Input Parameters:** | Name | Type | Description | | --------- | ------- | ------------------------------------------------------ | | vault | address | The address of the EtherFi Vault | | mode | Mode | The target mode (Direct Pay or Credit) | | signer | address | Address of the Vault admin signing the transaction | | signature | bytes | Signature from the signer authorizing this mode change | #### updateSpendingLimit ```solidity function updateSpendingLimit( address vault, uint256 dailyLimitInUsd, uint256 monthlyLimitInUsd, address signer, bytes calldata signature ) external ``` Updates the spending limits for a Vault. Changes to spending limits take effect after the configured delay period. **Input Parameters:** | Name | Type | Description | | ----------------- | ------- | -------------------------------------------------- | | vault | address | The address of the EtherFi Vault | | dailyLimitInUsd | uint256 | New daily spending limit in USD | | monthlyLimitInUsd | uint256 | New monthly spending limit in USD | | signer | address | Address of the Vault admin signing the transaction | | signature | bytes | Signature from the signer authorizing this update | #### setCashbackSplitToSafeBps ```solidity function setCashbackSplitToSafeBps( address vault, uint256 splitInBps, address signer, bytes calldata signature ) external ``` Sets the percentage of cashback that goes to the Vault (versus the spender). The split is expressed in basis points, where 10000 represents 100%. **Input Parameters:** | Name | Type | Description | | ---------- | ------- | --------------------------------------------------- | | vault | address | The address of the EtherFi Vault | | splitInBps | uint256 | Percentage in basis points to allocate to the Vault | | signer | address | Address of the Vault admin signing the transaction | | signature | bytes | Signature from the signer authorizing this change | #### clearPendingCashback ```solidity function clearPendingCashback(address[] calldata users) external whenNotPaused ``` Clears pending cashback for a list of users. Attempts to retrieve any pending cashback and distribute it to the specified users. **Input Parameters:** | Name | Type | Description | | ----- | ---------- | ----------------------------------------------------- | | users | address\[] | Array of user addresses to clear pending cashback for | ### Read Methods #### getMode ```solidity function getMode(address vault) external view returns (Mode) ``` Gets the current operational mode of a Vault. Considers pending mode changes that have passed their delay period. **Input Parameters:** | Name | Type | Description | | ----- | ------- | -------------------------------- | | vault | address | The address of the EtherFi Vault | **Return Values:** | Type | Description | | ---- | --------------------------------------------------- | | Mode | The current operational mode (Direct Pay or Credit) | #### canSpend ```solidity function canSpend( address vault, bytes32 txId, address[] calldata tokens, uint256[] calldata amountsInUsd ) public view returns (bool, string memory) ``` Checks if a spending transaction can be executed. Validates if the Vault has sufficient balance or borrowing power for the specified tokens and amounts. **Input Parameters:** | Name | Type | Description | | ------------ | ---------- | --------------------------------- | | vault | address | The address of the EtherFi Vault | | txId | bytes32 | Transaction identifier | | tokens | address\[] | Array of token addresses to spend | | amountsInUsd | uint256\[] | Array of amounts in USD to spend | **Return Values:** | Type | Description | | ------ | ---------------------------------------- | | bool | Whether the spending is allowed | | string | Error message if spending is not allowed | #### maxCanSpend ```solidity function maxCanSpend( address vault, address token ) public view returns ( uint256 returnAmtInCreditModeUsd, uint256 returnAmtInDebitModeUsd, uint256 spendingLimitAllowance ) ``` Calculates the maximum amount that can be spent in both Credit and Direct Pay modes. **Input Parameters:** | Name | Type | Description | | ----- | ------- | --------------------------------- | | vault | address | The address of the EtherFi Vault | | token | address | The address of the token to spend | **Return Values:** | Type | Description | | ------- | --------------------------------------------------------- | | uint256 | Maximum amount that can be spent in Credit mode (USD) | | uint256 | Maximum amount that can be spent in Direct Pay mode (USD) | | uint256 | Remaining spending limit allowance | #### getSafeCashData ```solidity function getSafeCashData( address vault ) external view returns (SafeCashData memory safeCashData) ``` Gets comprehensive cash data for a Vault. Aggregates data from multiple sources including DebtManager and CashModule. **Input Parameters:** | Name | Type | Description | | ----- | ------- | -------------------------------- | | vault | address | The address of the EtherFi Vault | **Return Values:** | Type | Description | | ------------ | --------------------------------------------------------------------------------- | | SafeCashData | Comprehensive data structure containing mode, balances, borrowing power, and more | #### getPendingCashback ```solidity function getPendingCashback(address account) external view returns (uint256) ``` Gets the pending cashback amount for an account in USD. **Input Parameters:** | Name | Type | Description | | ------- | ------- | ----------------------------------------- | | account | address | Address of the account (Vault or spender) | **Return Values:** | Type | Description | | ------- | ------------------------------ | | uint256 | Pending cashback amount in USD | #### getData ```solidity function getData(address vault) external view returns (SafeData memory) ``` Retrieves cash configuration data for a Vault. **Input Parameters:** | Name | Type | Description | | ----- | ------- | ---------------------------- | | vault | address | Address of the EtherFi Vault | **Return Values:** | Type | Description | | -------- | -------------------------------------------------- | | SafeData | Data structure containing Vault cash configuration | ### Events The CashModule emits events for all major operations through the CashEventEmitter: #### WithdrawalRequested ```solidity event WithdrawalRequested( address indexed vault, address[] tokens, uint256[] amounts, address indexed recipient, uint256 finalizeTimestamp ) ``` Emitted when a withdrawal is requested. #### WithdrawalProcessed ```solidity event WithdrawalProcessed( address indexed vault, address[] tokens, uint256[] amounts, address indexed recipient ) ``` Emitted when a withdrawal is processed. #### Spend ```solidity event Spend( address indexed vault, bytes32 indexed txId, BinSponsor indexed binSponsor, address[] tokens, uint256[] amounts, uint256[] amountInUsd, uint256 totalUsdAmt, Mode mode ) ``` Emitted when tokens are spent from a Vault. #### Cashback ```solidity event Cashback( address indexed vault, address indexed spender, uint256 spendingInUsd, address cashbackToken, uint256 cashbackAmountToVault, uint256 cashbackInUsdToVault, uint256 cashbackAmountToSpender, uint256 cashbackInUsdToSpender, bool indexed paid ) ``` Emitted when cashback is calculated and potentially distributed. #### ReferrerCashback ```solidity event ReferrerCashback( address indexed vault, address indexed referrer, uint256 spendingInUsd, address cashbackToken, uint256 referrerCashbackAmt, uint256 referrerCashbackInUsd, bool indexed paid ) ``` Emitted when referral cashback is calculated and potentially distributed. #### ModeSet ```solidity event ModeSet( address indexed vault, Mode prevMode, Mode newMode, uint256 incomingModeStartTime ) ``` Emitted when the operational mode of a Vault is changed. #### SpendingLimitChanged ```solidity event SpendingLimitChanged( address indexed vault, SpendingLimit oldLimit, SpendingLimit newLimit ) ``` Emitted when a spending limit is changed. # ETHFI ## **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 # ETHFI Staking ## Staking ETHFI ETHFI stakers earn ether.fi loyalty points, Karak points and more to come! ### **Here's how it works:** 1. Go to the ETHFI tab in the ether.fi dapp here: 2. Choose the amount of ETHFI you would like to stake 3. Stake your ETHFI 4. The ETHFI vault will automatically re-stake ETHFI on [Karak](https://karak.network/) 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 5. 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](https://snapshot.org/#/etherfi-dao.eth) * **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](https://vote.ether.fi/delegates)), 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. * **How much karak points do I earn?**\ The staked ETHfi vault restakes some of the ETHfi to Karak, which earns at the following rate: * Jul 5 - Jul 19, 2024: 0.96 base points × 1 = 0.96 points per token per day * Jul 19 - Aug 4, 2024: 0.96 base points × 2 = 1.92 points per token per day * Aug 4 - Sep 3, 2024: 0.96 base points × 1 = 0.96 points per token per day * Sep 3 - Oct 8, 2024: 0.98 base points × 1 = 0.98 points per token per day * Oct 8 - Oct 24, 2024: 1.17 base points × 1 = 1.17 points per token per day * Oct 24 - Nov 8, 2024: 1.23 base points × 1 = 1.23 points per token per day * After Nov 8, 2024: 1.27 base points × 1 = 1.27 points per token per day \*Important: Only the portion of your sETHfi assets that the vault has allocated to Karak earn these rates. sETHfi assets allocated to other restaking platforms do not receive Karak points. ### **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 [Read more about ETHFI governance here](https://etherfi.gitbook.io/gov) # How to bridge ETHFI ### How to securely bridge $ETHFI 1. Go to Portal Bridge () 2. Select the source chain (the network you're sending from) in the "From" dropdown. 3. Choose the destination chain (the network you're sending to) in the "To" dropdown. 4. Connect your wallet by clicking the "Connect Wallet" button and selecting your wallet provider. 5. Select $ETHFI as an asset in the from and the to token list. 6. Enter the amount you want to bridge in the "Amount" field. 7. Select the Route you would like to use for the bridging process. 8. Confirm the transaction in your wallet when prompted. 9. Double-check all details before confirming any transaction, and ensure you have enough native tokens to cover gas fees. # Membership Rewards Distributed September 26, 2025.
View rewards details page in app:\ *** ## **Membership rewards** As part of being an [ether.fi](http://ether.fi) member of The Club, rewards were given to eligible members who used Stake, Liquid, ETHFI, or Cash between June and August 2025. **Over $4.5M in ETHFI have been distributed across campaigns and member rewards!** *** ## **Eligibility criteria** To be eligible, users must have opened a Club membership account between June-August 2025 and earned over 1000 membership points during that period. *** ## **Distribution of rewards** **Core members** * Core members who have an active Cash credit card receives 20% cashback on their next purchases, up to $20 ($100 in spend), over the next 30 days (in ETHFI) * All other eligible Core members receive 5 ETHFI claimed **Luxe members** * Luxe members who have an active Cash credit card receives 20% cashback on their next purchases, up to $300 ($1500 in spend), over the next 30 days (in ETHFI) * All other eligible Luxe members receive 60 ETHFI **Pinnacle members** * Pinnacle members who have an active Cash credit card receives 20% cashback on their next purchases, up to $600 ($3000 in spend), over the next 30 days (in ETHFI) * All other eligible Pinnacle members receive 200 ETHFI **VIP members** * VIP members may receive 20% cashback on their next purchases, up to $2500 ($12,500 in spend) *** ## **Campaign rewards** Campaign rewards have also been distributed for the following campaigns: * **Mint, Spend, Earn:** Claimable at over the next 60 days Campaign details and criteria: * **Summer Pump:** Claimable at over the next 60 days Campaign details and criteria: * **Liquid Katana ETH Vault Phase 1 ETHFI rewards:** ETHFI rewards for eligible phase 1 vault depositors Claimable at over the next 60 days **Note:** * Limited time offer. Restrictions apply. Not available in all jurisdictions. Digital assets are high risk. Past performance ≠ future results. Void where prohibited. [See full terms here.](/etherfi/ether.fi-legal/promo-terms-and-conditions) * All cashback rewards must be used within 30 days of reward distribution (27 October 2025 00:00:00 GMT) * All ETHFI rewards must be claimed within 60 days (27 November 2025 00:00:00 GMT) # King Protocol (Historical Reference) ## Current Reward Mechanism Starting **January 2026**, ether.fi has fully transitioned to the **new EIGEN → ETH rebasing flow**: * Weekly EIGEN rewards are **automatically converted to ETH** and deposited into the LST liquidity pool. * Rewards are reflected in **rebasing of eETH/weETH**. * No claims, KING tokens, or unwrapping are required—users simply hold their tokens and balances grow automatically. ## How ether.fi previously used King Protocol (Historical Reference) * eETH/weETH holders earned restaking rewards in the form of KING tokens. * Rewards were distributed weekly on a linear basis. * Users could unwrap KING into underlying assets (e.g., EIGEN and ETHFI) at equivalent dollar value. * Additional ETHFI rewards were occasionally added to the pool to supplement distributions. > This is **historical reference only**. Users no longer accrue KING tokens. ## **About** King Protocol King Protocol was designed to simplify restaking reward distribution by tokenizing rewards earned when restaking. Previously: * Rewards from multiple restaking protocols could be pooled into a single vault. * Vault shares (KING tokens) were issued to stakers, representing a proportional claim on the underlying rewards. * This system reduced transaction costs and simplified rewards management, especially for small stakers. * Larger stakeholders could redeem and arbitrage, influencing the market price of KING. > ⚠️ **Important:** KING tokens are no longer used for rewards. The protocol has transitioned to a **direct ETH + rebasing model**, as described below. You can read historical King Protocol documentation here: {% embed url="" %} {% embed url="" %} # KING Points (Deprecated) **Status:** KING points are no longer earned or used. Previously, KING points were rewards distributed for engaging with the King protocol ecosystem, including: * Holding ether.fi assets such as **eETH** and **weETH** * Holding **KING tokens** Points were earned at a rate of **1 KING point per ETH per hour**, adjusted for asset value.\ Example: staking 1 eETH for 10 days would have accrued \~240 KING points. **Purpose:** KING points were used by the King protocol for potential future reward calculations. > ⚠️ Users no longer earn KING points. They are fully deprecated and are kept here for reference only. # KING Rewards (Historical Reference) > ⚠️ **IMPORTANT UPDATE:**\ > **Starting January 27, 2025, the protocol no longer distributes rewards via KING.**\ > Weekly EIGEN rewards are now **automatically converted to ETH** and deposited into the LST liquidity pool.\ > Rewards are reflected directly in **rebasing of eETH/weETH**—no claims, KING tokens, or unwrapping are required.\ > The content below is kept for **historical reference only**. *** ## **EIGEN Programmatic Incentives** (Historical) EigenLayer previously had a programmatic incentives program designed for AVS "reward-boosts," where EIGEN was automatically distributed to stakers and operators of each AVS proportionate to the rewards distributed by each AVS. * For the first year, at least 4% of total EIGEN supply was distributed through this program: * 3% to ETH and LST stakers and operators (weighted equally) * 1% to EIGEN stakers and operators Example allocation: | Allocation | EIGEN Amount | | ---------------- | ---------------- | | 90% to stakers | 45,675,105 EIGEN | | 10% to operators | 5,075,011 EIGEN | *** ## ether.fi's Rewards Claimed and Distributed Below is a breakdown of the EIGEN rewards claimed in each distribution period by the ether.fi protocol. 100% of the rewards shown in the below table are allocated to stakers
Staking PeriodEIGEN EarnedETH RestakedETH Not-Restaked*EIGEN/eETH Distirbuted / WeekAnnualized
2024-08-15 ~ 2024-10-052,478,0881,480,684532,1100.20517,394,272
2024-10-06 ~ 2024-10-12358,6811,531,605474,1490.17918,702,662
2024-10-13 ~ 2024-10-19358,3831,518,610498,5380.17818,687,132
2024-10-20 ~ 2024-10-26349,1361,471,568618,0160.16718,204,966
2024-10-27 ~ 2024-11-02351,4421,555,346559,5120.16618,325,206
2024-11-03 ~ 2024-11-09357,1741,623,479499,7090.16818,624,048
2024-11-10 ~ 2024-11-16367,5101,691,153446,1270.17218,373,636
2024-11-17 ~ 2024-11-23374,0001,731,185387,9810.176TBD
2024-11-24 ~ 2024-11-30400,9321,860,800333,9260.180
2024-12-01 ~ 2024-12-07406,4222,063,326159,3600.183
2024-12-08 ~ 2024-12-14404,0162,062,106118,8910.185
2024-12-15 ~
2024-12-21		403,8852,043,889135,7860.185
2024-12-22 ~ 2024-12-28418,4462,049,497165,8490.188
2024-12-29 ~
2025-01-04		427,5192,074,747123,8400.194
2025-01-05 ~
2025-01-11		427,4142,073,581145,9920.192
2025-01-12 ~
2025-01-18		426,2862,085,771139,3510.191
2025-01-19 ~
2025-01-25		433,2872,108,830144,7590.191
2025-01-26 ~
2025-02-01		427,3242,065,844182,0020.190
2025-02-02 ~
2025-02-08		430,6392,109,192152,9480.190
2025-02-09 ~
2025-02-15		429,5872,235,677110,6630.191
2025-02-16 ~
2025-02-22		427,0122,238,436129,3380.191
2025-02-23 ~
2025-03-01		430,1312,272,603121,4070.191
2025-03-02 ~
2025-03-08		429,9712,243,862121,4070.192
2025-03-09 ~
2025-03-15		434,2322,258,206105,1930.192
2025-03-16 ~
2025-03-22		435,2712,300,292155,2700.189
2025-03-23 ~
2025-03-29		438,9892,409,425214,1480.182
2025-03-30 ~
2025-04-05		447,9602,454,633140,4990.182
2025-04-06 ~
2025-04-12		467,2992,436,28993,0220.192
2025-04-13 ~
2025-04-19		476,0232,405,52376,2360.198
2025-04-20 ~
2025-04-26		468,9962,429,087184,0470.193
2025-04-27 ~ 2025-05-03468,6402,435,780190,6240.192
2025-05-04-2025-05-10471,7922,480,525228,6360.190
2025-05-11 - 2025-05-17482,8352,518,587206,2700.192
2025-05-18 - 2025-05-24504,9202,564,468188,7960.197
2025-05-25-2025-05-31513,8242,624,067228,7790.196
2025-06-01-2025-06-07514,7712,732,950281,6940.188
2025-06-08-2025-06-14504,9192,769,367275,2720.182
2025-06-15-2025-06-21508,0872,775,124221,8610.183
2025-06-22-2025-06-29583,4042,760,773187,5180.211
2025-06-30-2025-07-07575,7962,790,239216,1160.206
2025-07-08-2025-07-12434,2222,836,634218,8530.127
2025-07-13-2025-07-19508,9852,844,123194,5290.204
2025-07-20-2025-07-26535,2092,993,742175,5780.182
2025-07-27-2025-08-02543,1623,047,012194,1300.178
2025-08-03-2025-08-09546,7773,020,984165,6670.181
2025-08-10-2025-08-16553,4962,981,206130,3750.186
2025-08-17-2025-08-23552,6532,951,254156,7650.187
2025-08-24-2025-08-30553,1542,926,684174,0690.189
2025-08-31-2025-09-06549,0852,908,424231,7280.189
2025-09-07-2025-09-13555,7872,870,448173,7130.193
2025-09-14-2025-09-20562,6762,808,373118,5500.200
2025-09-21-2025-09-27563,2572,805,261115,0840.200
2025-09-28-2025-10-04559,8852,792,691102,4600.200
2025-10-05-2025-10-11571,5642,763,02176,3640.207
2025-10-12-2025-10-18588,4922,781,430104,4090.211
2025-10-19-2025-10-25591,4852,799,340122,0570.211
2025-10-26-2025-11-01594,8642,794,534116,9970.212
2025-11-02-2025-11-08600,5262,774,88092,6350.216
2025-11-09-2025-11-15603,9972,756,00883,9300.219
2025-11-16-2025-11-22600,0762,725,08582,5740.220
2025-11-23-2025-11-29601,4872,694,59894,0270.223
2025-11-30-2025-12-06603,9282,680,41878,9540.225
2025-12-07-2025-12-13610,9982,776,681133,1370.220
2025-12-14-2025-12-20644,7723,081,289295,0690.209
2025-12-21-2025-12-27601,4343,172,112579,4180.190
2025-12-28-2026-01-03602,2943,185,061591,9570.189
2026-01-04-2026-01-10610,3773,237,723605,4550.189
Any discrepancies relating to the difference between the EIGEN distribution per ETH from EigenLayer and actual earnings for ether.fi stakers relates to the following: * ether.fi liquidity pool reserves some ETH un-deployed to service withdrawals * \*ether.fi Restaked ETH that has not yet been allocated to an EigenLayer AVS - See "ETH Not-Restaked" column above. This amount will be reduced over the subsequent periods. * fluctuations in ETH TVL restaked in EigenLayer Note that while the rewards ratios are accurate in the aggregate over time, for any user, the distribution amount on a specific week may vary by +/-5% based on their specific positions. We are working to reduce this variance. ## ether.fi's ETHFI top-up In addition to the distributions via EigenLayer's programmatic incentives, we perform additionals via ETHFI top-up. This top-up program does not have the pre-determined schedules. The purposes are to boost KING usage, correct the errors in prior distributions and subsidize the ether.fi's restaking rewards during the period when the ether.fi has low capital efficiency. Note that the top-up distribution may happen retro-actively; ether.fi tracks the stakers balance history in the past and rewards accordingly.
Top-up DateStaking PeriodETHFI amountETHFI/eETH DistributedLRT2 amount
2024-10-182024-08-15 ~ 2024-10-05500,0000.248364.62
2024-10-282024-10-06 ~ 2024-10-1241,0000.02032.4
2024-10-312024-10-13 ~ 2024-10-1927,5330.01322.41
2024-11-282024-11-10 ~ 2024-11-16530,0000.247530.52
2024-12-052024-11-17 ~ 2024-11-23400,0000.188null
2024-12-122024-11-24 ~ 2024-12-01350,0000.157null
2024-12-192024-12-02 ~ 2024-12-08300,0000.141null
### King Protocol **Claiming Merkle Contract** The King Protocol claims contract reflects the full allocation of rewards to each staker on a weekly cadence. If there are any allocation discrepancies detected in KING rewards distributed, future allocations are corrected by reducing or increasing a staker's KING rewards over time. As a part of operations for gas optimization, ether.fi will claim and fund the Merkle Claims Contract as needed. All the EIGEN is available for claiming through King Protocol. ether.fi continues to monitor the remaining KING in the contract to ensure sufficient rewards are available for claiming at all times. Merkle Claims Contract: ### Understanding Rewards Distribution via King Protocol & Unwrapping (Historical) Previously, stakers received **KING tokens** representing the dollar value of EIGEN + ETHFI holdings. Unwrapping converted KING shares into the underlying assets. Example (Historical): * (1) Initially, * Suppose that the King Protocol vault has 10 shares in total and it holds 10 EIGEN and 10 ETHFI. * Assume each EIGEN = $1, each ETHFI = $1, so the vault is worth $20 in total. * Therefore, 1 KING share = $20 ÷ 10 = $2. * Unwrapping 1 share gives 1 EIGEN + 1 ETHFI, worth $2 total. * (2) New Deposit with earned EIGEN, * Suppose ether.fi deposits 10 EIGEN (worth $10) into the vault. * Since each share is worth $2, the vault mints 5 new shares for this $10 deposit. * The vault now has a total of 15 shares (10 old + 5 new) and holds 20 EIGEN + 10 ETHFI = $30. * The share price remains $30 ÷ 15 = $2. * (3) Unwrapping After Deposit * If you unwrap 1 LRT2 share at this stage, you receive a proportional amount of the assets: * EIGEN: 20 EIGEN ÷ 15 shares = \~1.33 EIGEN * ETHFI: 10 ETHFI ÷ 15 shares = \~0.67 ETHFI * Combined, those tokens are still worth $2 in total. ## Fees As per the [EigenLayer documentation](https://docs.eigenlayer.xyz/developers/rewards#overview), operators will earn a flat 10% commission on rewards, with the remaining 90% going to stakers. The table above reflects the full allocation that is distributed to stakers. **ether.fi does not take any fee cut from stakers**. #### Additional Resources * [Chaos Labs Restaking Dashboard](https://community.chaoslabs.xyz/etherfi/risk/avs) # Solo Stakers # Operation Solo Staker Decentralizing Ethereum one node at a time! Welcome to the documentation for Ether.fi's Operation Solo Staker, it's great to have you here 🥳 ## What is Operation Solo Staker? So you want to be part of the journey to decentralize Ethereum? This is the place to start! Right now there are \~5,500 nodes running Ethereum, and about half are based in the US. Of these, over half are in a single data center in Virginia, 20 minutes away from the white house and the CIA headquarters. This is not a truly decentralized system. Ethereum needs Solo Operators!
Ether.fiYou

Provides the ETH, software and

technical support.

Provide the hardware and internet connection. No bond requirement needed thanks to DVT.
## So how does it work? * Ether.fi has ETH that has been deposited by stakers. * That ETH is then staked by Ether.fi to create Ethereum validators. * For each 32 ETH deposited, one validator key is generated. * These validator keys need to be given to node operators to perform validator duties such as proposing blocks and attesting (voting) to say that they are happy with the chain, etc. * But if all those validator keys are given to a small number of existing node operators... it's not a truly decentralized system! * That's where Operation Solo Staker comes in đź’ˇ * Using DVT (more on that later) that single validator key can be split up and shared between multiple home stakers. This reduces operational risks and increases decentralization. Or to put it simply...
Ether.fi provides the ETH, software and technical support to get solo stakers online. All you need is the hardware to run a validator and an internet connection. Once your machine is online, it will support and validate the Ethereum network, and you will earn rewards! ## How can I get involved? ## 👉 # Solo Staker Onboarding #### To become a solo staker for [ether.fi](http://ether.fi), follow the steps below. 1. Submit your [application](https://www.ether.fi/solo-staker). Operation solo staker is path 2. 2. Our team will then review your application and reach out once you have been accepted. The operators receive 5% of the validator rewards in the solostaker program.\ There are on average 10-15 validators per operator. #### What if I am unable to purchase the machine outright? Hardware can be expensive. Our mission is to ensure everyone who has a passion to secure the network can participate. If you're unable to purchase the hardware required, please state this in your application. As part of operation solo staker, we have enabled stakers in remote parts of the world to acquire a machine through long term payment plans funded by staking rewards. **If accepted into the program - Testnet** 1. If you’re accepted into the program, you will receive an email to sign up to our solo staker portal. Please do so and fill out the information required. Note this email may come through your spam folder. 2. Setup your machine (Dappnode, Avado, custom) 3. Install and sync testnet - We will let you know which testnet is used for the cluster 4. When the testnet chain is synced, change your status to “waiting for Goerli keyshare”. This will trigger an alert for the team to provide you with a keyshare from the testnet cluster. 5. [Ether.fi](http://Ether.fi) will reach out and provide you with the keys 6. Continue to validate on testnet for two weeks. This is required to ensure that your internet connection is stable, and that the staking setup is properly configured. 7. As soon as the cluster has performed near-perfect for one week and made some proposals, it will be ready for mainnet.
**Mainnet** 1. Once you have successfully completed the two week testnet phase, please leave all information in the portal as is, and repeat for mainnet. 2. We will then provide you with mainnet keys and you will be up and running! 🚀 3. The cluster starts with one validator per participant, as soon as attestation and proposal performance on mainnet is flawless it is upgraded to 10 per peer.
# Obol DVT Explained ## Ok, so what is DVT...? Distributed Validator Technology. In a traditional solo staking setup, if a single validator node goes offline due to technical issues or maintenance, it immediately stops performing its validator duties (attestations, block proposals, etc.). This can lead to missed rewards and penalties for the staker. However, with DVT, a group of stakers works together as a single unit. If one of the stakers within the group experiences downtime, the remaining stakers continue to perform the validator duties collectively. This ensures that the staking process remains uninterrupted, maintaining network stability and allowing the group to continue earning rewards while minimizing the risks associated with individual node failures. With a standard solo validator, without DVT, the setup looks like this:

Standard Solo Validator without DVT

{% hint style="info" %} **What are the parts of an Ethereum Validator Node?** **EC** = Execution Client (e.g. Geth, Besu, etc.) **BN** = Beacon Node (e.g. Lighthouse, Teku, etc.) **VC** = Validator Client (e.g. Lighthouse, Teku, etc.) {% endhint %} As you can see, a standard solo validator holds the entire validator signing key. This is the key that is used to perform validator duties such as proposing blocks and attesting (voting). DVT is a technology that allows a single key to be split into multiple parts, called **keyshares**, and through some cryptographic magic, those **keyshares** can be used to perform validator duties when combined! ## How does Obol DVT work? [Obol](https://obol.tech/) is a company that has been building a DVT solution using their **Charon** (pronounced Karon) client. This is a piece of software that sits in between your Beacon Node and Validator Client. **Charon** is also the software that will be used by Ether.fi to split the validator key into **keyshares**.

Charon splitting an existing validator key into multiple keyshares

Once those **keyshares** have been generated, they will be distributed to each of the solo stakers, who are collectively called a **cluster**.

An Obol DVT Cluster with 4 keyshares

Each solo staker in the **cluster** is given one **keyshare**. The cluster will be configured with a 3/4 **threshold** which means that if at least 3 of the 4 operators are online, the **cluster** will be able to perform its validator duties. The important points you need to be aware of are: * Ether.fi will be generating the validator key and **keyshares**, so don't worry, you don't need to know the details about how that works (unless you'd like to learn more from the [Obol docs](https://docs.obol.tech/docs/int/quickstart/quickstart-split)). * You will be given one **keyshare** that you will upload to your staking machine. How do you upload the **keyshare** to your staking machine? Just follow the instructions for your specific machine: {% content-ref url="/pages/qwGL2MapsKv5ZPqChUBa" %} [Avado Setup](/etherfi/solo-stakers/operation-solo-staker/obol-dvt-explained/avado-setup) {% endcontent-ref %} {% content-ref url="/pages/iInqBgrCqLB5qakqbglz" %} [Dappnode Setup](/etherfi/solo-stakers/operation-solo-staker/obol-dvt-explained/dappnode-setup) {% endcontent-ref %} {% content-ref url="/pages/l9jHy1nXkHAyd6ovHWmU" %} [Custom Setup](/etherfi/solo-stakers/operation-solo-staker/obol-dvt-explained/custom-setup) {% endcontent-ref %} # Avado Setup To get started with your new Avado machine, follow these instructions provided by Avado to set up a full Ethereum node. The full node can take a few days to sync, so it's good to get that process started as soon as possible. ## Avado Unboxing and Setup {% embed url="" %}
## Next Steps {% content-ref url="/pages/gTwDqoP3pQ8FOAqa7VlG" %} [Ethereum Validator Clients](/etherfi/solo-stakers/operation-solo-staker/obol-dvt-explained/avado-setup/ethereum-validator-clients) {% endcontent-ref %} {% content-ref url="/pages/ak6aQzFfkhigQWQx7C9r" %} [Obol DVT Package](/etherfi/solo-stakers/operation-solo-staker/obol-dvt-explained/avado-setup/obol-dvt-package) {% endcontent-ref %} {% content-ref url="/pages/0yXRS1vm2uACwyMAQzrG" %} [Additional Configuration](/etherfi/solo-stakers/operation-solo-staker/obol-dvt-explained/avado-setup/additional-configuration) {% endcontent-ref %} {% content-ref url="/pages/F48wMfssjYJvPp4ZhkGQ" %} [Remote Connect](/etherfi/solo-stakers/operation-solo-staker/obol-dvt-explained/avado-setup/remote-connect) {% endcontent-ref %} {% content-ref url="/pages/0HyKUerygk4h8ruGSCMB" %} [Troubleshooting](/etherfi/solo-stakers/operation-solo-staker/obol-dvt-explained/avado-setup/troubleshooting) {% endcontent-ref %} --- [Next Page](/etherfi/llms-full.txt/1)