EtherFi joins ETHGas marketplace to enable gasless Ethereum transactions and improve economics for validators

EtherFi is a non-custodial liquid staking and restaking protocol that enters the ETHGas Blockspace Marketplace through the deployment of six validator nodes, offering a gas fee-free Ethereum experience.

This integration is a major advancement in building a more efficient blockchain infrastructure and increases revenue opportunities for EtherFi in terms of block space commitments.

This partnership demonstrates the Ethereum community's growing awareness that new infrastructure solutions can be introduced to improve user experience and transaction efficiency.

Joining ETHGas and delivering on the promise of the Open Gas Initiative, EtherFi stands on par with other efforts to be the first to provide a solution to blockchain's long-standing problem: transaction costs that create friction for users and applications.

EtherFi is a new liquid restaking platform that has become one of the most popular Ethereum liquid restaking platforms in recent months, attracting funding from institutional investors and growing its validator infrastructure using decentralized validator technology.

The service allows users to deposit ETH and obtain liquid tokens such as eETH and weETH without losing their validator keys. This value proposition needs to be strengthened by integration with ETHGas in order to establish new revenues generated by the sale of block space.

How ETHGas will transform the Ethereum blockspace

ETHGas rethinks the nature of Ethereum blockspace operations in that it establishes a market where validators can sell future blocks and applications can guarantee the inclusivity of transactions.

This type of marketplace brings efficiency and transparency to resources that were previously distributed in an inefficient manner. Validators who make blockspace commitments receive additional revenue, and apps receive a consistent ability to access network capacity without incurring uncertain spikes in fees.

The six new validator nodes added by EtherFi increase ETHGas' overall capacity for adding validators, further diversifying the market and strengthening its ability to serve a wide range of transaction needs.

This increased capacity directly translates into improved results for network-dependent applications as well as users.

Increased yield and trading predictability

This integration brings many benefits to EtherFi users and institutional users. EtherFi nodes sell block space, providing institutions with access to expanded validator distribution and better earning opportunities.

In addition to the current returns that EtherFi provides with its liquid staking and restaking processes, these yield improvements further improve the economics of your investment.

This allows applications and users to incorporate transactions more predictably and effectively, reducing uncertainty in transaction timing and cost, leading to a better user experience.

Developers have the option of developing applications that rely on reliable execution of transactions as opposed to variable costs due to volatile gas markets.

Open Gas Initiative Eliminates Friction for Users

Another initiative that EtherFi is participating in is the Open Gas Initiative. This is an industry initiative organized by ETHGas to completely eliminate gas fees in the user experience.

The project will be implemented on the Ethereum mainnet and extended to the BNB chain, Base and Arbitrum, forming a multi-chain ecosystem of gasless transactions.

The Open Gas Initiative operates by allowing protocols to compensate users' transaction costs with gas rebates for specified types of transactions. Participating in this program means that users betting on EtherFi may be able to enjoy some transactions without feeling the presence of gas fees, making the onboarding and usage experience easier.

Building the future of Ethereum infrastructure

The role of Ethereum and the EtherFi network, collaboration with ETHGas and the Open Gas Initiative, is an important move in building a more efficient Ethereum infrastructure.

Through validator participation and degassing efforts, EtherFi is working towards a state where blockchain technology becomes truly accessible and affordable to mainstream users.