ether.fi Staked ETH (eETH) is a rebasing ERC-20 token that represents a claim on an equivalent amount of ETH held by the ether.fi liquidity pool or staked in the Ethereum Proof-of-Stake system. It automatically distributes staking rewards to holders and allows users to stake their ETH for rewards and reinvest seamlessly in EigenLayer, enhancing their earning potential.
Ether.fi's staked ETH (eETH) is used in various ways to maximize rewards across the DeFi ecosystem. Here are some key uses:
Native Restaking: eETH is used to participate in native restaking on EigenLayer, which allows users to earn additional rewards from various sources, including APR from staking and restaking, EigenLayer points, and ether.fi loyalty points.
DeFi Applications: eETH can be used in various DeFi protocols, such as lending, borrowing, trading, and providing liquidity. This enables users to optimize capital efficiency and earn more rewards.
Wrapped eETH (weETH): eETH can be wrapped into weETH, which is supported on more DeFi protocols, offering additional utilities.
Liquidity Provision: Users can provide liquidity using eETH on platforms like Pendle, Balancer, Curve, and Maverick, earning additional rewards from EigenLayer and ether.fi.
Ether.fan NFTs: eETH can be used to mint Fan NFTs on ether.fan, which rewards users with additional APR over various timeframes.
These uses enable users to maximize their rewards and optimize their capital efficiency within the DeFi ecosystem.
To store ether.fi Staked ETH (eETH) tokens, you can follow these steps:
Mint eETH: First, mint eETH through the Ether.fi Dapp by staking your ETH. This process is similar to other liquid staking protocols, where you stake your ETH and receive eETH in return.
Connect Wallet: Connect your wallet to the Ether.fi app to manage your eETH tokens.
Track Points: You can track both your ether.fi and EigenLayer points over time through the app.ether.fi/portfolio page.
Use in DeFi: eETH can be used in various DeFi protocols, providing liquidity and flexibility while still accruing staking and restaking rewards.
Unstake and Withdraw: If needed, you can unstake and withdraw your ETH through the same interface by clicking the arrow button in the middle of the UI to enter "Withdraw" mode.
By following these steps, you can effectively store and manage your eETH tokens, taking advantage of the benefits offered by Ether.fi's liquid staking and restaking mechanisms.
To buy ether.fi Staked ETH (EETH) tokens, follow these steps:
Choose an Exchange: Select a reputable exchange that supports EETH trading. Popular options include Sushiswap, Curve (Ethereum), and Matcha (Ethereum).
Register: Create an account on the chosen exchange. This typically involves verifying your email address and identity.
Deposit Funds: Deposit the necessary funds using a debit card, credit card, wire transfer, or Bitcoin, depending on the exchange's available payment methods.
- Buy EETH: Use your deposited funds to purchase EETH tokens. You can do this by selecting the EETH trading pair (e.g., EETH/WETH) and executing the trade.
Additionally, you can also use peer-to-peer exchanges if the chosen exchange does not support card deposits.
