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ether.fi

ether.fi

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ether.fi is the leading decentralized, non-custodial liquid restaking protocol. Users stake ETH to mint eETH/weETH, which natively restakes into EigenLayer AVSes and plugs into DeFi (Pendle, Aave, Curve) plus ether.fi Cash and Liquid vaults.

Liquid StakingEthereumArbitrumBaseOptimismScrollTVL: $3.9BLast updated: May 21, 2026
Risk Rating
AA
Safety Score
85

Risk Profile Overview

Overall Rating
(85/100)
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Active Risk Alerts

Live signals detected by Sentinel monitors across all five risk classes.

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The Problem

Standard ETH liquid staking captures only the consensus-layer staking yield; users have to choose between liquidity, restaking exposure, and DeFi composability.

The Solution

eETH/weETH lets a user hold one liquid token that simultaneously earns Ethereum staking rewards, EigenLayer AVS restaking rewards, and is accepted as collateral across DeFi — without giving up custody of validator keys.

Why it Matters

Native Restaking architecture delegates ETH at the validator level (not just inside an EigenLayer pod), market-leading LRT TVL and deepest weETH secondary liquidity, plus a vertically-integrated product stack (Liquid vaults, Cash card, BTC/USD variants).

Protocol Metrics

TVL Trend
$3.90B

Related Research

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No related analysis articles found for ether.fi.

Frequently asked questions about ether.fi

What is ether.fi?+

ether.fi is a Liquid Staking protocol operating on Ethereum, Arbitrum, Base, Optimism, Scroll. ether.fi is the leading decentralized, non-custodial liquid restaking protocol. Users stake ETH to mint eETH/weETH, which natively restakes into EigenLayer AVSes and plugs into DeFi (Pendle, Aave, Curve) plus ether.fi Cash and Liquid vaults.

How does ether.fi work?+

eETH/weETH lets a user hold one liquid token that simultaneously earns Ethereum staking rewards, EigenLayer AVS restaking rewards, and is accepted as collateral across DeFi — without giving up custody of validator keys.

Is ether.fi safe?+

DeFi Sentinel rates ether.fi AA with a safety score of 85/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. ether.fi has 15 audits on record. DeFi Sentinel's analysis flagged 3 medium, 5 low risk alerts across Governance & Centralization, Smart Contract & Technical Risk and Economic Design & Market Risk. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.

What is the safety score of ether.fi?+

ether.fi has a DeFi Sentinel safety score of 85/100 (rating AA), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).

Which chains does ether.fi support?+

ether.fi is deployed on Ethereum, Arbitrum, Base, Optimism, Scroll.

Has ether.fi been audited?+

Yes. ether.fi has 15 audit reports on record from firms including CertiK, Omniscia, Nethermind. Audit reports and dates are linked under the Resources tab on this page.