Ether.fi commits to providing $3 billion worth of Ethereum as validator liquidity to ETHGas over three years

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ME News Update, April 15 (UTC+8), Ethereum’s liquidity re-staking protocol Ether.fi plans to provide a total of $3 billion worth of Ethereum to the ETHGas market over the next three years as “validator liquidity.” These funds come from its managed 2.8 million staked ETH. ETHGas is an Ethereum block space futures market designed to allow pre-purchasing of block space to ensure transaction execution. This move aims to enhance validator earnings by selling block space commitments, helping them capture more maximum extractable value (MEV), and achieve higher and more predictable returns. ETHGas has received support from institutional investors like Polychain Capital and has launched a governance token GWEI, with a market cap of approximately $120 million. Ether.fi’s native token ETHFI has a market cap of about $332 million. The plan will provide developers and enterprises with more predictable transaction costs and execution times, supporting Ethereum’s development as a global institutional capital settlement layer. (Source: MLion)

ETHFI1.41%
GWEI-2.51%
ETH0.76%
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