eBTC is ether.fi's flagship Bitcoin-backed liquid restaking token. Created to service the growing demands for alternative collateral within restaking, eBTC simplifies yield optimization and expands utility.
It is backed by LBTC through a partnership with Lombard, bringing the first dual-yielding (staking and restaking) Bitcoin product to the market. Staking is conducted through Babylon, with restaking services provided by a combination of Eigen Layer, Symbiotic, and Karak. Users are able to deposit LBTC and WBTC.
Ether.fi Staked BTC Price Analysis
As of October 11 2024 Ether.fi Staked BTC has a marketcap of $207M.
This is {{percentagefromath}} from its all time high of $64.621K.
In terms of its tokenomics, there's a total supply of 3.4K with 100% currently outstanding.
Keep in mind Ether.fi Staked BTC has a fully diluted value of $207M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
