Protocol/Project Name:
Protocol Overview:
EtherFi is a decentralized, non-custodial delegated staking protocol with a liquid staking token. Built around this core of staking are accompanying products, such as Liquid and Cash, which aim to simplify the access and usability DeFi in a simple and secure manner.
EtherFi Stake - Stake your ETH or stETH and get eETH – a natively re-staked liquid staking token. Earn staking rewards across popular networks and the DeFi ecosystem. Plus, receive EtherFi loyalty points, EigenLayer points and many more partner rewards with your eETH.
EtherFi Liquid - Deposit eETH and other assets and let the vault optimize for yields across the very best protocols in DeFi. Whether your goal is to maximize your ETH yield, or earn to market-neutral yields on your stablecoins, there’s a vault for you. Plus, earn loyalty points and additional rewards when you use Liquid.
EtherFi Cash -
The Cash spending account and Visa credit card will allow you to spend and borrow against your EtherFi balance in the real world. Cash includes a mobile app that connects to your EtherFi account and Visa credit card that you can load with your balance. Earn new Cash Points when you make a purchases with your card. Additional perks for members that pre-order.
MS Receiver Address:
Mode and Optimism MS: 0x8184BE1bdad8c6861D2e134Ec492827d5058fB2b
Distribution Confirmation:
“We confirm that we will use Merkl to distribute the incentives received.”
Other Distribution Channels:
If a protocol has an inbuilt method of distribution to it’s users then we may also utilize this method.
Incentive Impact Statement:
Season 3 incentives will provide sustainable growth for EtherFi by offering rewards that attract stakers and liquidity providers. With consistent co-incentives, EtherFi will be able to build deeper liquidity pools, improving the platform’s stability and attractiveness for DeFi protocols.
EtherFi’s participation in Season 3 will aim to:
- Boost TVL via Restaking: Mode’s rewards will incentivize more assets to be bridged to EtherFi, encouraging users to restake on the platform.
- Foster DeFi Partnerships: EtherFi can leverage Mode’s co-incentives to deepen partnerships with DeFi protocols, increasing liquidity and traction in pools and lending markets.
- Increase Engagement: By incentivizing new restakers and cross-chain users, EtherFi’s community engagement will grow, bringing in participants from other ecosystems to the Mode network.
Eligibility Criteria:
Mode Deployment Details -
OFT - 0x04c0599ae5a44757c0af6f9ec3b93da8976c150a
Additional Information (Encouraged):
- Expansion to Consumer Products: EtherFi will broaden its offerings by introducing consumer-focused staking and DeFi tools, designed to make Ethereum staking more accessible to a broader audience. This includes simplified interfaces and partnerships that enhance user experience for retail participants.
- Growth of eBTC: EtherFi plans to scale eBTC adoption through integrations with DeFi protocols and incentivized staking campaigns. By leveraging the Mode network and expanding liquidity options, EtherFi will make eBTC a critical part of its ecosystem, driving cross-chain adoption and increased total value locked (TVL).
- Scaling Governance and Restaking: Continued development of decentralized governance, onboarding new users through Mode’s incentives, and launching campaigns to attract users from other protocols to EtherFi’s restaking platform.
- Restaking Incentives and Governance Participation: Mode can reward users who actively restake their assets or participate in governance decisions, fostering a sense of ownership and influence within the platform. By incentivizing participation through staking rewards, EtherFi can align with Mode’s decentralized ethos.
- Collaborative Campaigns and AMAs: EtherFi can host joint campaigns or AMA sessions with the Mode Network to engage both communities, educating users on the benefits of staking and integrating Mode’s features. This strengthens cross-community relationships and boosts platform transparency.
Contact Information:
Role: Head of Ecosystem
Email: charles@ether.fi
Questions for the Mode Team or Community (Optional):
N/A