As partnership news continues to emerge in the cryptocurrency market, the latest news comes from Ethereum (ETH).
Accordingly, Ethereum infrastructure provider ETHGas announced a $3 billion agreement with the liquid restaking protocol Etherfi (ETHFI).
According to the announcement, under the agreement, Ether.fi will provide $3 billion worth of ETH validator liquidity to the Ethereum block trading platform EtherGas (GWEI) over the next three years.
The pledged funds will come from approximately 2.8 million ETH staked assets managed by the Ether.fi protocol.
Kevin Lepsoe, founder and CEO of ETHGas, stated: “Because the Ethereum ecosystem is so vast, independent development is impossible, and strong partnerships are essential. That’s why we’ve signed a $3 billion strategic partnership with EtherFi.”
Lepsoe also emphasized that this partnership represents an event that combines massive capital with Ethereum technology.
*This is not investment advice.
