Summary
TLDR: Ether.fi distributed 60 million ETHFI tokens worth $210 million, leading to a drop in price. Points farming has become popular in the restaking sector, with assets skyrocketing. ETHFI is a governance token allowing holders to vote. EigenLayer, the protocol, has not gone to mainnet yet. Ether.fi is focused on scaling its investing product Liquid and growing TVL.
Key Points
1. Ether.fi distributed 60 million ETHFI tokens worth roughly $210 million.
2. Traders and DeFi hedge funds rushed to accumulate restaking points in hopes of airdrops.
3. Roughly 22 million of the 60 million ETHFI tokens were claimed, but the airdrop is not available to US residents.