ether.fi (ETHFI)

ETHFI/ @ether_fi/ more likely will attack REQH and possible PMH but EQH marked by red/ not sure/ https://t.co/f2wYunqlc9

I think @ether_fi is one of the most misunderstood businesses on CT. What CT thinks ETHFI is: A liquid restaking token in a dead narrative. What ETHFI actually is: A three-product financial services business that's pivoted while CT wasn't paying attention. First, the bear case: - Restaking cooled off - $ETHFI is down 96% from its ATH Holder revenue has been quiet, with buybacks doing the work instead of direct distributions - The protocol hasn't made a direct distribution to $ETHFI holders since April. But the business is no longer focused on LRTs. EtherFi has quietly become a three-part financial services stack: - Staking: recurring revenue from ETH, BTC, and stablecoin yield products - Liquid: managed strategy vaults - Cash: a non-custodial credit card with spend, collateral, and borrow flows That changes the frame. DefiLlama has EtherFi at ~$239M in annualized fees, ~$55M in annualized revenue, and a ~$312M market cap. That's roughly 1.3x annualized fees. The market is clearly waiting for the buybacks to resume. In the meantime, you're buying the staking revenue stream for free as it expands into new ventures that are already showing strong adoption.

For me @ether_fi is underwriting crypto' emerging financial market structure while running a high-margin, self-custodial financial services layer on top. And $ETHFI is a leveraged claim on three compounding layers that most analyses miss or treat separately 1. blockspace as a tradeable commodity 2. protocol-orchestrated risk architecture in multi-AVS restaking 3. vertical financialization via Cash as the margin-expansion engine At current valuations this setup has crisp asymmetric return chances. NFA

Nice Let’s see if he push more $ETHFI https://t.co/fSySkho6dt

Eyes on $ETHFI But depends It remains to be seen whether BTC will settle down https://t.co/3yn6V0Cb75

This is how much I get if I put $100k into my bank account, %0,01 yield, $0.67 after a month This is why neobanks gonna win in non-EU countries, not just because of the yield but just to save themselves from inflation, yield is on top of it This is also why you see Redotpay - who is #1 in neobanks - doing no points or cashback campaign (they announced cashback but its capped at $18 a month) Because users of Redotpay is just looking to save their hard-earned money from inflation while earning a good and relatively safe yield. Meanwhile other cards who are fully focusing on EU offering crazy perks just to make like 1/10 of Redotpays volume and revenue I only believe in 3 cards who gonna make it out of EU and vampire attack market share from Redotpay Etherfi, Plasma One, KAST. Lets see how this volume chart will look like in couple of months