Ether.fi (ETHFI) perpetual market

Ether.fi is a decentralized liquid staking and restaking protocol on Ethereum that lets users stake ETH while retaining a tradable, yield-bearing token representing their position. Unlike some staking services, Ether.fi is designed to be non-custodial, meaning stakers keep control of their validator keys rather than handing custody to the protocol. When users deposit ETH they receive a liquid staking token that can be used across decentralized finance, and the protocol integrates with restaking systems such as EigenLayer to earn additional rewards by helping secure other services. Its ETHFI token is used for governance and to help coordinate the protocol. Launched in 2023, Ether.fi grew rapidly to become one of the larger liquid restaking providers by total value locked, riding the wave of interest in restaking as a way to stack yields on staked ETH.