ether.fi offers truly decentralized staking.  The staker, not the node operator, owns all the keys.

Before the staker stakes 32 ETH, they use the ether.fi Desktop Application to generate a mnemonic, withdrawal credentials, and validator keys.  With other protocols, this key generation is performed on a centralized server by the node operator.  Via the ether.fi protocol, the staker then shares an encrypted copy of the validator key with the node operator (required for validation duties).

We anticipate staking yields on ether.fi to be greater than those offered by competing protocols.  The majority of these benefits will be realized in Phase 3 of our rollout:  our individually mapped nodes have a programmable surface area for additional service offerings and revenue.  However, the protocol is still limited by yields paid on ETH staking generally: https://ethereum.org/en/staking.

For every 32 ETH staked via ether.fi’s protocol, a pair of NFTs are minted: one T-NFT, one B-NFT. Together they represent a single Ethereum validator. The T-NFT, or Transferrable NFT, represents a 30 ETH interest in the validator and will offer holders a significant interest in the validator’s net rewards. The B-NFT, or Bonded NFT, represents the remaining 2 ETH stake, and delivers a superior yield, but is accompanied by additional duties and risks. The B-NFT holds the validator key – must monitor and exit the validator upon poor performance — and its 2 ETH functions as a deductible in the event of missed validation duties or slashing.

We’re targeting April of this year.

eETH is a passive, low-risk way to share in the rewards of Ethereum staking via ether.fi’s protocol. To purchase eETH one simply goes to ether.fi’s Liquidity Pool (LP tab on the decentralized application) and swaps ETH for eETH. As staking rewards accrue to the pool of validators, the average ETH claim for each eETH token increases. When you sell, you’re returned your share of ETH in the pool.