EtherFi – An outstanding non-custodial delegated staking protocol

Staking has proven to be one of the profitable products of DeFi, however the complexity can be a turnoff for interested individuals. Good news is – delegated staking eases the process since it lets you lend your asset to someone who has it all set up while you reap your rewards.

While many delegated staking solutions have been introduced in the past, EtherFi has caught my attention. It, a decentralized, non-custodial delegated staking protocol with a Liquid Staking token lets users maximize their staking and re-staking rewards while maintaining
composibility for DeFi applications.

For one, it promotes freedom and improves rewards, since your staked ETH earns you staking yields and restaking yields via Eigenlayer. Moreover, EtherFi promotes decentralisation and reduces the counterparty risk of node operators and the protocol by entrusting stakers control over their keys, allowing nodes to be launched across the globe.

Holders of its native token $ETHFI possess governance rights to participate and shape the protocol, community and its ecosystem, which explains the growing demand for the token on Bitget since trading opened.

DeFi paves the way for the inflow of passive income, do you see EtherFi unlocking those?