Upbit to List ETHFI/KRW Pair for Ether.fi Token Trading
South Korea’s largest crypto exchange will add a South Korean won market for ETHFI, the token tied to Ether.fi, a liquidity restaking protocol on Ethereum.
Summary
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Terms & Concepts
Liquidity restaking: A blockchain mechanism that lets users reuse staked assets in additional protocols to seek extra yield or utility.
ETHFI: The token associated with Ether.fi, a protocol built around liquidity restaking on Ethereum.
KRW trading pair: A market that allows an asset to be bought and sold directly against the South Korean won.