Ether.fi to supply $3B in ETH liquidity to EtherGas over 3 years

Ether.fi (ETHFI) has decided to supply $3 billion worth of ETH in validator liquidity to the Ethereum block trading platform EtherGas (GWEI) over the next three years, Unfolded reported. The project plans to use its current holdings of approximately 2.8 million ETH to secure both staking rewards and Maximal Extractable Value (MEV), which is the additional profit block producers can earn by manipulating the order of transactions. Unfolded added that the concentration of validators among large liquid staking token (LST) operators could become a potential issue.