The non-custodial liquid staking platform Ether.Fi has completed a $5.3 million financing round, led by Chapter One and others

ChainCatcher news, the non-custodial liquid staking platform Ether.Fi has completed a $5.3 million financing round, led by North Island Ventures, Chapter One, and Node Capital, with participation from BitMex founder Arthur Hayes.

It is reported that Ether.Fi allows users to maintain control over their keys while delegating the operation of Ethereum validators to node operators. Each validator generated through its protocol will be represented as an NFT, which can be split once the liquid funding pool and protocol fund management smart contracts are implemented.

The Ether.Fi team stated that their goal is to stake 100,000 ETH by mid-2023. The protocol is set to launch on March 4 at ETHDenver. (Coindesk)