How to Maximize Your Staking Rewards- Ether.Fi Decentralized Staking Protocol & LSD Token

Decentralised News

In this video, we're exploring Ether.fi, a game-changing decentralized, non-custodial delegated staking protocol that's shaking up the Ethereum staking world. We'll walk you through how Ether.fi works, why it's a must-know for any serious crypto enthusiast, and share top tips on how to maximize your staking rewards. Whether you're a seasoned staker or just starting out, you'll find plenty of value in our Ether.fi Liquid Staking Protocol Review.

Transcript

00:00what's up guys welcome back to the channel in today's video i will be talking about

00:04etherfi so this is described as a liquid staking protocol it is decentralized it is non-custodial

00:13and it deals with delegated staking offering also a liquid staking derivative token or lsd

00:21one of the key features of etherfi is that stakers do have complete control over their private keys

00:27it also supports a node services marketplace where stakers and node operators are able to register

00:33nodes for infrastructure services so this is the platform that i will be talking about today make

00:40sure you hit that like button make sure you subscribe to the channel leave a comment if you

00:45like the kind of content that we do on this channel but right into what we're talking about let's talk

00:51about the benefits of using etherfi okay so as a stakeholder or as a user on etherfi you know you

00:58have bond holding stakers who are some of the types of users or stakeholders you can have on the platform

01:06you've got stakers who solely holding etherfi lsd or eeth you have node operators as well in this

01:14ecosystem and you do have node service consumers so etherfi has laid out three phases in its roadmap

01:22there's delegated staking liquidity pools and also this node service so in each phase uh obviously that

01:29we've mentioned uh getting started uh with that is pretty simple in terms of uh just making sure you

01:36can log on to the platform you can simply do that using your web3 wallet such as your metamask okay so

01:43it to start staking especially you need a minimum of 0.1 ethereum which are we staked for the purposes

01:51of demonstrating for this video once you've done your stake you can check uh your reward points and

01:58you are also able to claim those rewards and you can make withdrawals if you wish to as well so as far

02:04as just getting into the specifics of the delegated staking for stakers who are intending to stake

02:10eth in multiples of 32 ethereum the following procedure would be something that you would

02:16need to follow so let's say a node operator uh you would uh present a bid to become a possible validator

02:23node assignee trusted node operators uh may offer a nominal bid for availability marking uh while trustless

02:34uh trustless uh participants partake in the auction system getting assigned validators based on their

02:41successful bids the stakers are also able to deposit their 32 eth into ether 5 deposit contracts and this

02:49action uh ignites the auction system itself assigning a node operator for validator running

02:56um also mint uh a withdrawal safe and two nfts a t nft and a b nft which give ownership over withdrawals

03:06uh in the safe so the t nft uh represents 30 eth and is transferable while the b nft signifies

03:14two eth and it is soul bound only recoverable when the validator is exited and completely withdrawn okay so the

03:25staker also encodes the validator key using uh winning node operator's public key and then uh you know

03:32you can submit it on chain as the transaction and the transaction will trigger an event to which you as

03:39a node operator will have to respond and then later versions will also replace this step with what they

03:46call sharded key dvt solutions the node operator then initiates the validator using this decrypted validator

03:53key so the staker or node operator is able to issue an exit command uh to the exit uh to exit that

04:01validator and retrieve the staked eth uh into the withdrawal safe the staker can then also destroy

04:08the nfts to reclaim their eth minus the fees of course and the b nft serves to supply the deductible

04:16for slashing insurance in case of a slashing event representing that uh um you know uh responsibility to

04:23then supervise the validator's notes performance and due to the added risk as well uh and the

04:30responsibility it does yield a higher return than the t nft ether5 makes validator performance monitoring

04:37easy through notifications and let's let's talk about the liquidity pool and e eth so stakers with less

04:44than 32 eth or those who uh you know that are not wishing to show that the responsibility of actually

04:52monitoring the validator nodes you can actually partake in ether5 by minting eeth in the nft liquidity

04:59pool this pool contract holds a combination of assets comprising eth and t nfts at any given moment

05:06eth constitutes a minor percentage of the pool assets minting and burning eeth as well upon

05:14depositing eth into the pool it means eeth tokens and transfers them to the depositor stakers holding

05:22t nfts can deposit them into the liquidity pool and mint e eth equivalent to the t nfts value that is also

05:32determined by oracles so staker holding eeth can exchange it for eth in the liquidity pool on a basis

05:39of our one-to-one ratio given sufficient liquidity if there's inadequate liquidity the swap prompt

05:47validator exit so bondholders and minting new t nfts and b nfts is something that you know you need

05:54to also be aware of stakers wishing to stake that specifically especially b nfts due to their higher

06:01yield uh deposit they eat into the pool and then they join a queue to be allocated a b nft

06:06these stakers known as bondholders perform a role similar to full node stakers who have sold their t nfts

06:14when amount of eeth in the liquidity pool does actually exceed a threshold the next bondholder

06:20staker in the queue is then assigned to that they generate private keys and trigger a staking process

06:26where 32 eeth gets staked minting t nfts into the pool and b nfts to the bondholder also let's talk

06:34about exiting uh the validators if you do need to in the amount of eeth for example in the liquidity

06:40pool falls beyond that threshold and exit request is actually initiated on the oldest t nft this also

06:48triggers an event which the bondholder corresponding to that t nft must respond if the fire does offer a

06:54free notification service to bondholders to make sure this is facilitated when it comes to nodes this

07:00is also something that you need to maybe just think about the t nfts um especially signifying the

07:07economic value of the state if allow for a programmable layer of uh let's say on staking

07:13infrastructure creating these other economic incentives for node operators and stakers you can

07:19also read or uh just listen more about uh enrolling nodes into services and also the node client we also

07:28talk about billing but another thing that you would need to check out if you go to the main site

07:33decentralized.news there's a link in the description to this full uh review of uh etherfi so you can find

07:39all this additional information i also do talk about the ether fan nfts which present a delightful method

07:46to stake your eth and mint nft or fan nft which aids in earning membership points and enhancing staking

07:53rewards over fan nfts also facilitate participation in exclusive events and also display your dedication

08:01to ethereum's decentralization if you want to know more about these e um these nfts or eat the fan

08:09nfts then make sure you go to the main site to check out the full review like i said i do actually

08:15talking about staking it through uh etherfan which actually enables you to then mint a fan nft the

08:21attributes to the fan include things like trades which are probably discussed or randomly assigned

08:26during minting you've got flares which are deterministic proportional to the state it quantity

08:32and also these membership tiers commencing with the bronze escalating uh over time resulting in

08:39amplified staking rewards so i really touch on all these features in detail and also just show you guys

08:46how you can create a fan nft if you want to learn more about uh ethereum staking we did a full guide

08:53which is also on our main site we also looked at some other liquid staking protocols such as shared

08:58stake and agent layer or eigen layer rather so make sure you go to decentralized.news to check out the best

09:05cryptocurrency exchange reviews d5 platform reviews also make sure you check out the links in the

09:09description to our telegram and our discord server join our community don't forget to like share

09:14and subscribe turn on the notifications also check out the link to my book d5 millionaire it's a d5

09:20dash millionaire.com if you want to learn about all things d5 other than that guys i will see you

09:27in the next video i hope you're all well and really just uh feeling invigorated with all the good price

09:34action that we've been seeing in the cryptocurrency markets at large for all things investing and trading

09:41check out the links in the description you can also check out the links to my books tokenized

09:45trillions and blockchain applied the deal with reward asset organization on the blockchain like share

09:50subscribe turn on the notifications i will be seeing you guys in the next video peace and love from the

10:00centralized news

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