Ionic X Ether.fi on Mode Network

A new LRT is in town — the new asset added to Ionic markets. As Ether.fi joins Mode Network, we are excited to announce weETH support from day ONE!

Ether.fi x Mode

Ether.fi is an LRT protocol that restakes your ETH into EigenLayer, exposing you to both staked ETH and the whole EigenLayer ecosystem. eETH is a liquid representation of your stake in the protocol, and now it is available for all Mo Chads through weETH (wrapped eETH), thanks to the efforts of Mode and RedStone teams.

Simply use native bridge to get all those juicy rewards to Mode Network, or directly buy some on Kim Exchange to partake in the hottest DeFi trend. Thnaks to the Ethereum Dencun upgrade, the fees are practically non-existent on Mode and other OP super-chains. One can experiment with different yield and point-generating strategies to find the best one to suit one’s risk profile and appetite.

Ether.fi x Ionic

Ionic welcomes the Etherfi family with x2 Ionic points boost for all the weETH suppliers. Make your liquid staked tokens even more liquid by collateralizing weETH on Ionic and maximize your points generation while executing your Mode ecosystem schemes!

Borrow stables and use them for trading, loop weETH with ETH, split your stake and provide liquidity on DEXs (Mode gives most points for that fyi), no matter how you utilize your newly bridged/bought weETH, you will always get a juicy bottom line — native yield on restaked ETH + x2 Mode points + x2 Ionic points + Loyalty Points (Ether Points).

Valhallah.

The Ether.fi integration is another success for Mode’s thriving ecosystem. We all know the network is as good as the protocols that run on it. With the giants like Ether throwing their hat in the ring and many more legacy and unicorn protocols announcing their arrival, in consideration of SFS rewards and ultra-low post Dencun gas fees, Mode Network is set up for a stellar DeFi future.

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