Ether.fi pledges $3 billion worth of ETH to ETHGas as validator liquidity over three years
According to The Block, Ethereum liquid re-staking protocol Ether.fi announced it will supply a total of $3 billion worth of Ethereum as “validator liquidity” to the ETHGas market over the next three years, funded by its managed 2.8 million staked ETH. ETHGas is an Ethereum blockspace futures market that enables pre-purchasing of blockspace to guarantee transaction execution. This initiative aims to enhance validator returns by selling blockspace commitments, helping validators capture more maximum extractable value (MEV) and achieve higher, more predictable yields. ETHGas has secured institutional investment from firms including Polychain Capital and has launched its governance token GWEI, currently valued at approximately $120 million. Ether.fi’s native token ETHFI has a market cap of roughly $332 million. This move will provide developers and enterprises with more predictable transaction costs and execution times, advancing Ethereum’s development as a global institutional capital settlement layer.
