Ether.fi (ETHFI) is set to launch its Decentralized Autonomous Organization (DAO) on March 18, 2024, offering users the opportunity to earn by staking BNB and FDUSD on Binance Launchpool. The platform will soon be available on Binance and has also announced an airdrop program for its token holders.
According to an official statement, ETHFI token holders will have a say in important decisions related to the Ether.fi Grant Program, protocol economic parameters, software developer participant permissions, and token staking. The DAO launch will coincide with the implementation of the airdrop program, where eligible participants can claim ETHFI tokens starting from March 18, 2024, for a 90-day period.
To be eligible for the airdrop, participants must meet certain criteria such as participating in the Early Application Program, owning an ether.fan NFT, becoming a solo staker on the platform, holding eETH or weETH, having a position in a participating DeFi pool or vault, unlocking Ether.fi badges, or referring friends to the platform.
The airdrop is retroactive, with a snapshot taken on March 15, 2024, marking the transition from season 1 to season 2 for the altcoin. Season 1 of the airdrop will distribute 6% of the total token supply, while season 2 will distribute 5%. Users will need to submit a claim on the Ether.fi claim page within 90 days, with unclaimed tokens rolling over to season 2.
The ETHFI airdrop presents an opportunity for users to get involved in the platform’s governance and potentially benefit from the distribution of tokens. It is important to note that this information is provided for informational purposes only and does not constitute investment advice.
