ether.fi is a non-custodial decentralized finance (DeFi) protocol that focuses on enabling users to safely and transparently liquid stake Ethereum. It combines:
Non-custodial Delegated Staking: users retain full control over their private keys when staking.
Liquidity provision (eETH): when staking, users receive a liquid token called eETH, which can be used in decentralized applications (DeFi) such as lending, trading, or farming for additional profits.
Restaking: the protocol uses EigenLayer technology to automatically restake, providing users with additional income sources through Restaking while also achieving the base yield from staking and DeFi yields.
What is ETHFI?
ETHFI is the governance token of ether.fi, granting its holder the right to vote and participate in protocol decision-making such as updates, staking fees, and more.
Current market specifications:
Current price: approximately $1.10.
Market capitalization: around $500 to $512 million, depending on the source (CoinMarketCap, CoinGecko, Coinbase).
Circulating supply: about 466 million ETHFI, out of a presumed total of 1 billion ETHFI.
All-Time High (ATH): reached approximately $8.53 in March 2024.
Lowest recorded price: approximately $0.40 in April 2025.
Key features of the protocol:
Liquidity and flexibility: users can benefit from their funds while still being invested in staking.
Multiple yields: includes base staking, Restaking bonuses (EigenLayer), and DeFi yields.
Non-custodial: the user always controls their private keys, increasing security and reliability.
Decentralized governance: through ETHFI, the community can influence the protocol's direction.
Drawbacks and potential risks:
EigenLayer risks: the protocol may be exposed to risks such as slashing or concentration issues arising from Restaking technology.
No guarantee of ideal yields: despite targets like APY reaching 20%, actual performance is not guaranteed and is affected by the market.
ether.fi is an innovative DeFi protocol that offers an advanced solution for liquid staking, combining security—since the user retains their private keys—flexibility—through eETH—and multiple yields—from staking, Restaking, and DeFi.
If you are interested in ETHFI as a governance token or looking for a comparison with other protocols like Lido or Rocket Pool, or technical analysis, I'm here to help—just let me know what you'd like to delve into!
