ether.fi's new proposal suggests allocating 10 million ETHFI tokens to promote weETH as collateral for perpetual contracts on CEX

2024-10-22 11:35:04

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ChainCatcher news indicates that a proposal published on the ether.fi governance forum shows that ether.fi plans to allocate up to 10 million ETHFI tokens to promote its staking product Wrapped eETH (weETH) as collateral for perpetual contracts on centralized exchanges (CEX). The proposal aims to incentivize CEX users through various promotional activities such as trading competitions, deposit contests, and reward giveaways, driving the growth and adoption of weETH.

The proposal points out that the launch of weETH as collateral will expand its use cases in the DeFi and CEX markets, enhancing the liquidity and utility of weETH. Additionally, by establishing partnerships with major CEXs, ether.fi hopes to further strengthen the market positioning of weETH and provide opportunities for arbitrage and basis trading, increasing its liquidity.

Furthermore, ether.fi plans to implement these incentives within the next 12 months and conduct promotional activities in collaboration with major CEXs. The voting on this proposal will last for 4 days until October 26.

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