Ether.fi (ETHFI)
Unlock Schedule
Ether.fi (ETHFI) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Ether.fi (ETHFI) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence ETHFI price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and design
ETHFI was fully minted at a fixed supply of 1,000,000,000 tokens at genesis (no further issuance). The token governs key parts of the protocol, including treasury allocations, protocol fees, upgrades, and ecosystem programs run through the Ether.fi Foundation and DAO. (etherfi.medium.com)
Updated allocations
Ether.fi tokenomics have been refined over time. As of August 2, 2025, the Ether.fi governance docs show the following approximate allocations:
- Investors: 33.74% (vesting)
- Core Contributors: 21.47% (vesting)
- Treasury: 21.62% (ecosystem fund; includes a 1% commitment to the Protocol Guild within Partnerships & Liquidity)
- User Airdrops: 19.27% (multi‑season airdrops)
- Partnerships & Liquidity: 3.9%
These percentages reflect the latest published breakdown and may differ from the project’s initial pre‑launch materials. (etherfi.gitbook.io)
Governance and staking utility
ETHFI holders vote on proposals (e.g., via Snapshot) that shape fees, upgrades, and treasury use. An ETHFI staking flow in the app also lets holders stake ETHFI to participate in governance and accrue program points (and, at times, restaking‑related benefits routed via partner integrations), while maintaining the ability to vote. This links ETHFI ownership, participation, and decision‑making. (etherfi.gitbook.io)
Assumptions
- Investors vesting modeled as 12-month linear after a 12-month cliff.
GitBook specifies a 2-year schedule with a 1-year cliff for all vested holders.
- Core Contributors vesting modeled as 24-month linear after a 12-month cliff.
GitBook specifies a 3-year schedule with a 1-year cliff.
- Airdrop Seasons modeled as linear over their claim/vesting windows.
Official season pages provide start dates and multi-tranche windows (30/60/90 days); linear is a month-level approximation.
- Season 4 distribution window assumed Feb–Mar 2025.
Season ended Jan 31, 2025 with distribution stated to occur shortly after; exact dates not specified in docs.
- Season 5 distribution modeled in June 2025.
Proposal states distribution post-season (ended May 31, 2025).
- Member Rewards tokens modeled as distributed during September 2025.
Program ran Jun 1–Aug 31, 2025 with distribution within 30 days after end.
- User Airdrops total equals 19.27% per Allocations page; a 2.2M 'Other' tranche reconciles enumerated seasons and programs to the official total.
Seasons 1–4 (17.3%), Season 5 (1%), Member Rewards (0.75%) sum to ~19.05%; remaining amount modeled as other minor programs/top-ups.
- Protocol Guild 1% fulfillment modeled linearly over 4 years starting 2024-06-05.
Ether.fi states a 1% commitment; third-party coverage cites a 4-year fulfillment; exact vesting unspecified in official docs.
- Other Partnerships & Liquidity tokens modeled linearly to end-2030.
Ether.fi’s launch post notes all tokens distributed by 2030; specific cadence not published.
- Treasury tokens treated as unlocked at TGE and controlled by DAO; spending is governance-driven and not pre-vested.
No lockup specified for treasury; addresses listed on Allocations page.
- No ongoing inflation or mining/staking issuance for ETHFI.
Token fully minted at genesis with fixed 1B supply; no further issuance.
- 1. https://etherfi.gitbook.io/gov/ethfi-allocations
- 2. https://www.ether.fi/ethfi
- 3. https://etherfi.medium.com/announcing-ethfi-the-ether-fi-governance-token-8cae7327763a
- 4. https://etherfi.gitbook.io/gov/airdrop-season-1
- 5. https://etherfi.gitbook.io/gov/airdrop-season-2
- 6. https://etherfi.gitbook.io/gov/airdrop-season-3
- 7. https://etherfi.gitbook.io/gov/airdrop-season-4
- 8. https://governance.ether.fi/t/10-ethfi-dao-proposal-season-5/2786
- 9. https://governance.ether.fi/t/ether-fi-member-rewards/2974
- 10. https://etherfi.gitbook.io/etherfi/events/previous-seasons/season-4/season-rewards
- 11. https://etherfi.gitbook.io/etherfi/events/season-5/season-rewards
- 12. https://www.binance.com/en/support/announcement/introducing-ether-fi-ethfi-on-binance-launchpool-farm-ethfi-by-staking-bnb-and-fdusd-043436c6551d4f67bf1565a253039b39
- 13. https://www.binance.com/en-BH/research/projects/etherfi
- 14. https://www.binance.com/en/square/post/2024-06-05-ether-fi-protocol-guild-1-ethfi-9060161185466
Allocations
Description
#138
Ether.fi is a platform that offers liquid staking solutions for Ethereum, allowing users to stake ETH and receive eETH, a liquid staking token. This system not only decentralizes Ethereum further by enabling users to run nodes but also maximizes rewards through native re-staking and integration with DeFi applications.
| Sector: | Liquid Staking |
| Blockchain: | Ethereum |