ether.fi’s Wrapped eETH (weETH) to debut on Bullish exchange
News • Mar 14, 2024 • 2 min read
Media release shared with ether.fi's permission
The Leader in Liquid Restaking Has Reached $3B in TVL
George Town, Cayman Islands, March 14th, 2024 - ether.fi, the leading liquid restaking protocol, announced today that Wrapped eETH (weETH) will be listed on the Bullish exchange, one of the fastest growing, regulated digital asset exchanges, on Monday March 18th. This strategic move marks a significant step forward for ether.fi, enhancing the accessibility and liquidity of its liquid staking offering.
"We're excited to be listed on the Bullish exchange as we believe it will bring deep liquidity to the ether.fi liquid staking offering, while providing institutions and serious traders secure access to the weETH token on a trusted and compliant digital asset exchange that consistently demonstrates its competitive edge through high performance, low fees and near zero spreads," said Mike Silagadze, CEO of ether.fi.
Holding weETH allows users to gain native ETH staking rewards and EigenLayer Rewards, all while being able to participate and earn additional rewards in other DeFi protocols on Ethereum and compatible L2s.
This development comes after ether.fi secured a $23M funding round led by Bullish Capital, an affiliate of Bullish exchange. Listing weETH on the Bullish exchange advances ether.fi's mission of revolutionizing decentralized finance and making liquid staking more accessible to a broader audience by opening the door for institutional investors and serious traders to explore the unique benefits of weETH, further diversifying their portfolios.
In addition, ether.fi’s governance token $ETHFI is scheduled to be listed on the Bullish exchange on Monday March 18th. $ETHFI gives community members a direct mechanism to contribute to the protocol and influence the growth of the ether.fi ecosystem as token holders will have the opportunity to meaningfully participate in key decisions. "The $ETHFI token launch now empowers ether.fi’s growing ecosystem to participate in governance and chart the path forward for the protocol,” said Mike Silagadze, CEO of ether.fi.
Contacts:
Mike Silagadze
Rok Kopp
About ether.fi
ether.fi is a liquid restaking protocol that allows stakers to retain control of their keys while delegating validator operations to a node operator. Formed under a shared vision of what DeFi should be, ether.fi offers stakers a decentralized, non-custodial staking solution that can serve as a building block for web3 infrastructure.