2min chapter

The Defiant - DeFi Podcast cover image

Ethereum is "Terrifyingly" Centralized but there's a way out, ether.fi founder says

The Defiant - DeFi Podcast

CHAPTER

Ethereum: A New Protocol

In EtherFi, ETH holders are able to stake their ETH and effectively delegate that ETH for EtherFi to run it. And in exchange, those ETH holders get a receipt of the ETH that they trusted to EtherFi to operate or to stake. The one piece is that we don't actually run the servers. We are just building the smart contracts and facilitating this marketplace,. so to speak, between Stakers and people who want to run nodes.

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