Interview

ether.fi launches eETH: non-custodial staking and native restaking

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This article provides a brief introduction to the liquid staking protocol ether.fi's liquid staking token, eETH, as presented by Founder & CEO Mike Silagadze.


EtherFi launches eETH: a new liquid staking token on Ethereum

The below transcript has been edited for clarity.

Recently, EtherFi introduced eETH, its new liquid staking token on the Ethereum blockchain, bringing some unique features to the forefront of staking protocols.

Key features of eETH:

eETH is notable for two main reasons. Firstly, it adopts a non-custodial approach, allowing stakers to retain control over their keys, a distinct difference from other staking protocols where node operators usually control the keys. Secondly, eETH offers automatic restaking. This means that users holding eETH can accumulate staking and restaking rewards, including loyalty points from both ether.fi and EigenLayer, without needing to take additional steps.

Performance since launch:

The launch of eETH occurred on November 15th and has seen significant engagement, with around $50 million in ETH staked since then.

Native restaking

eETH's integration with EigenLayer and other restaking protocols ensures that it is automatically restaked. This process is seamless for the user, requiring no additional action. Furthermore, eETH can be used in various DeFi protocols, increasing its utility within the ecosystem.

Loyalty points

Users can acquire eETH by minting it on ether.fi 1:1 with ETH. The process is straightforward, with the option to purchase eETH from exchanges if it trades below its peg value.

Holding eETH enables users to accumulate both ether.fi and EigenLayer loyalty points. These loyalty points do not expire, and are visible on the ether.fi platform.

ether.fi is enthusiastic about the future of eETH and encourages users to participate in this new staking opportunity. For those interested in staying updated with ether.fi’s developments, follow their Twitter or join their Discord.


Explore ether.fi's dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/angle


Mike on X (Twitter): https://twitter.com/MikeSilagadze

ether.fi on X (Twitter): https://twitter.com/ether_fi

The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

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