Ether.fi commits $3B in ETH to ETHGas in exclusive three-year preconfirmation deal

Ether.fi is routing roughly $3 billion in ETH — about 40% of its 2.8 million staked ETH under management — into ETHGas' blockspace marketplace over a three-year term. The deal locks ether.fi into ETHGas' High Performance Staking Service and grants ETHGas exclusive use of its preconfirmation platform for the duration. This dwarfs ETHGas' previous $800M in total validator commitments from its Polychain-led seed round and gives the blockspace futures market its largest single supply-side anchor. For ether.fi stakers, it's a bet that preconfirmation yield on top of existing restaking returns justifies concentrating this much liquidity with one infrastructure partner.

TLDR by @Benthic

More coverage

• ETHGas and ether.fi Strike $3Bn Deal to Advance Institutional ... (investing.com)
• Ethereum Price Rises To $2.4k On ETHGas, Ether.fi $3bn Deal (dmarketforces.com)
• Next Crypto to Explode: Ether.fi Commits $3B to ETH - openPR.com (openpr.com)
• We're committing $3 billion in $ETH to @ETHGasOfficial to build a ... (x.com)
• ether.fi Deploys $3B in ETH to Power Ethereum's Blockspace ... (binance.com)

Explore the topic

• Ether.Fi
• ETH