ether.fi plans to launch a native re-staking token on EigenLayer and achieve DAO governance by March next year

2023-10-16 08:18:16

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ChainCatcher news, the non-custodial liquid staking protocol ether.fi announced its decentralized roadmap on its social platforms and will implement market share limitations, committing to keep the number of validators in the protocol and ETH self-limiting below 25% of the consensus layer.

In terms of milestones for the decentralized roadmap, ether.fi has completed self-custody key delegated staking, the first phase of single node operator integration, the first phase of DVT integration, and open-source smart contracts. It is expected to launch eETH in November 2023, allowing users to mint and redeem without permission; re-staking integration is expected in November 2023; full open-sourcing is expected in December 2023; the second phase of DVT integration is expected to be completed in March 2024, enabling permissionless individual staking; DAO governance is expected to be released in March 2024; and contract finalization is expected to be achieved in March 2024.

According to RootData, ether.fi completed a $5.3 million seed round financing on February 28, 2023, led by North Island Ventures and Chapter One. The protocol allows stakers to control their keys while delegating staking to node operators and earning rewards.

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ether.fi EigenLayer eETH DAO governance

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