ET
ether.fi is a non-custodial liquid restaking protocol on Ethereum. Stakers deposit ETH and receive eETH, a rebasing liquid token; the underlying ETH is staked through validators and simultaneously restaked into EigenLayer to earn restaking points and AVS rewards on top of the base consensus yield.
A distinguishing feature is that stakers control the validator key indirectly through ether.fi’s key-distribution model, which keeps the protocol non-custodial unlike exchange-issued LSTs. The ETHFI token governs protocol parameters, AVS selection, and treasury, while weETH (the wrapped, non-rebasing form of eETH) is the version most commonly held in DeFi positions.