Staking · Liquid Restaking · weETH
Ether.fi is a decentralized, non-custodial liquid restaking protocol; users stake ETH for eETH (wrapped as weETH) which restakes via EigenLayer to earn staking plus restaking rewards.
Leading non-custodial liquid restaking.
weETH price
$2069.21
+0.1% 24h
Latest data · 15 min delay
eETH/weETH, restaking adapters and Liquid Vault contracts hold user ETH; a bug or exploit in the deposit, withdrawal, or vault-strategy contracts could cause loss of funds. Continuous new releases (V2/V3, Pectra, EigenLayer slashing adapters) each expand the audited surface area.
Underlying value depends on Ethereum proof-of-stake validators; validator downtime, penalties, or slashing on the beacon chain directly reduce the ETH backing eETH/weETH.
An early CertiK finding flagged that a single account controlled most smart-contract functions (centralization concern). Governance/admin keys and upgradeable contracts mean control decisions materially affect user funds; concentration of ETHFI voting power is an ongoing consideration.
Restaking through EigenLayer introduces dependence on EigenLayer contracts and the AVSs that Ether.fi opts into; misbehavior or slashing conditions at that layer can propagate losses to restakers.
weETH is a wrapper whose secondary-market price can deviate from its intrinsic redemption value during periods of thin liquidity, stress, or delayed withdrawals, exposing DeFi users and lending-market collateral positions to depeg/liquidation risk.
