Etherfi is the first liquid restaking protocol that allows to farm Eigenlayer points while providing liquidity to other projects.

What is Etherfi?

Users can just hold $eETH on Ethereum Mainnet or $weETH on L2-chain to accumulate points. In Season 3, investors get 10,000 Points per 1 $ETH daily. Additionally, people get boosts by proving $(w)eETH to supported protocols.

How to get the airdrop?

OKX Ventures

Amber Group

ConsenSys 

Etherfi

Turtle Club

Turtle Club is community that enhances liquidity utilization, returns, and security across partner chains and protocols. Earn Turtle Points by providing liquidity with Etherfi; simply connect your wallet on their <a href="https://turtle.club/dashboard/?ref=NOTUM">website</a>. Read our <a href="https://notum.ai/blog/turtle-club-boosting-your-yield">article</a> to learn more about the project.

Supply $weETH to Mendi

One of the most beneficial options in terms of points is weETH lending. Users can just buy weETH on Notum and stake to Mendi to enjoy additional rewards. Earn reward APR in $MENDI, MLP-L, LXP-L, Eigenlayer points and 2x <a href="http://ether.fi/">Ether.fi</a> loyalty points.<ol><li>If you already have weETH on other networks, bridge it to Linea <a href="https://app.notum.ai/bridge">here</a>;</li><li>Go to Mendi weETH lending on <a href="https://app.notum.ai/investments/5d0d9ae4-f54b-4038-9396-1e9b97a5fc2e">Notum</a> and choose any token on Linea you want to swap to weETH.</li><li>Click “Deposit”;</li><li>Approve the transaction.</li></ol>

Remember that in case of $eETH depeg your position may be liquidated. Moreover, the strategy is live only on Ethereum mainnet so consider high gas costs.

$eETH Depeg Risk & Gas Costs

Supply eETH to Gearbox

Gearbox is a platform that enables users to implement recursive strategies with a single click. The platform takes an $ETH loan against your $eETH, swaps it into $eETH, and repeats the process. With its own markets, your position can benefit from up to an 18x point boost.<ol><li>Visit weETH <a href="https://app.gearbox.fi/restaking/open/0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee">page</a> on Gearbox; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/screenshot-20240722-at-16.01.46.png" width="2844" height="1336"></li><li>Choose the appropriate level of leverage; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/screenshot-20240722-at-16.05.21.png" width="1234" height="1314"></li><li>Submit the transaction.</li></ol>

Derivatives might be a more advanced option, especially for investors-beginners. It's highly recommended to try derivatives trading having experience and understanding of their operational mechanisms.

For experienced users only

Buy YT-eETH on Pendle

Yield Tokens (YT) allow investors to significantly multiply their points earnings. By purchasing a YT eETH with a maturity date of September 26th, 2024, Pendle users can achieve approximately 180x on Ethrefi points and 92x on Eigenlayer points.<ol><li><a href="https://app.notum.ai/swap?assetFrom=0x0000000000000000000000000000000000000000&amp;chainIdFrom=42161&amp;assetTo=0x35751007a407ca6FEFfE80b3cB397736D2cf4dbe&amp;chainIdTo=42161">Buy</a> weETH;</li><li>Visit <a href="https://app.pendle.finance/trade/points/0xf9f9779d8ff604732eba9ad345e6a27ef5c2a9d6?chain=arbitrum">eETH Arbitrum market</a> on Pendle;</li><li>Click “Purchase YT eETH”; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/screenshot-20240722-at-16.07.07.png" width="2754" height="1214"></li><li>Enter the amount of $weETH; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/screenshot-20240722-at-16.08.55.png" width="952" height="826"></li><li>Approve the transaction and but the tokens.</li></ol>

Etherfi

Quick info

Current TVL

Networks

Networks

Funds raised

Investors

Investors

Pros

Cons

How to Get the Etherfi Airdrop?

What is Etherfi?

How to get the airdrop?