ether.fi ETH (eETH) is a liquid restaking token that stakes ETH and restakes it through EigenLayer using non-custodial node operators, earning Ethereum staking rewards plus additional restaking yield. It is the rebasing base token behind the more widely integrated weETH wrapper. eETH scores 60/100 (Tier 3) on the RWTS Trust Score: a non-custodial operator model and growing adoption, set against the added slashing surface that restaking introduces on top of normal staking and a redemption path that runs through a seven-day unbonding queue. The return reflects combined staking and restaking rewards.
- Issuer / protocol
- ether.fi
- Backing
- Staked ETH + EigenLayer restaking via non-custodial operators
- Redemption / lock-up
- 7-day unbonding queue for native ETH redemption
- Audit & proof of reserves
- Independently audited
- Availability
- Global
- Chain
- Ethereum
- Tier
- Tier 3 — Secured DeFi
- Contract
- 0x35fA…8ac2
Scored on the published RWTS methodology (v1.1), reviewed quarterly and on material events. Ratings are independent and never pay-influenced.
Calculations are indicative. Actual yields may vary.
Price data from CoinGecko. Not financial advice.
We are not publishing a current rate for this asset, so we will not project earnings from one.
Largest liquid restaking token by TVL. Combines ETH staking yield with EigenLayer AVS restaking rewards. Non-custodial node operator model with decentralized validator distribution. T3 placement reflects underlying ETH staking; restaking layer captured as additive risk in flags.
Methodology v1.0 · independent rating · published rubric · no issuer payments
Backed 1:1+yield by ETH staked on Ethereum PoS plus optional restaking via EigenLayer AVS network. Non-custodial operator model: stakers retain key custody. Validator staking per rubric tier with restaking risk noted in flags.
Staked ETH verifiable on Beacon Chain; restaking allocations visible on EigenLayer; ether.fi publishes monthly transparency reports; on-chain transparency framework.
7-day unbonding queue for native ETH redemption; deep secondary market liquidity (weETH wrapper widely integrated across DeFi) for instant near-par exit. Right 5/8, route 7/7: three or more routes the issuer cannot close.
Multiple smart contract audits (Certik, Solidified, others); active Immunefi bug bounty; security operations matured rapidly with TVL growth.
ether.fi is Cayman Islands registered entity with published terms; partially regulated framework; clear legal structure.
Live since March 2024 (~14 months as of May 2026). No material incidents specific to eETH. Liquid restaking as a category is newer than liquid staking; restaking-specific risks not yet stress-tested at scale during adversarial AVS event.
RESTAKING_ADDITIONAL_RISKeETH includes EigenLayer restaking exposure on top of base ETH staking. Restaking introduces additional slashing surface area (AVS-specific) and counterparty exposure to actively validated services. Risk profile is structurally additive vs pure liquid staking (e.g., wstETH, rETH).
WITHDRAWAL_QUEUE_7DAYSNative ETH redemption uses 7-day unbonding queue; deep secondary market liquidity available for instant exit at near-par.
Caveats document operational realities that don't change the dimensional score but shape practical use.
Beyond eETH's own score, two structural questions matter: what is it built on, and what has broken before in this part of the market. A high score in isolation can still carry hidden, shared exposure.
Restaking stacks AVS-specific slashing on top of base ETH staking, so a contract or slashing event at the restaking layer hits every LRT built on it at once. This is also where 2026's largest DeFi hack happened (Kelp rsETH, roughly $290M).
See the full chain →What this and similar assets are built on, and where contagion could spread.
The depegs, defaults, and exploits that inform the Track Record dimension.
Liquidity read: we could not source a size for this asset, so we are not publishing one. Lock-up: 7-day unbonding queue for native ETH redemption.
Is eETH safe?
eETH (ether.fi ETH) scores 60/100 on the independent RWTS Trust Score, which places it in Secured DeFi (Tier 3). Tier 3 carries real DeFi exposure: the backing is sound but smart-contract and collateral risk are live, so size positions accordingly. Backing: Staked ETH + EigenLayer restaking via non-custodial operators. It is independently audited. The score reflects backing, verification, redeemability, audit, regulatory standing, and track record, not headline yield. We rate. You decide.
Exit routes
12/15 · right 5/8 · routes 7/7If the issuer stopped cooperating tomorrow, could you get out?
Yes, by more than one independent route
- independent
weETH
Wraps permissionlessly into weETH, which carries 31 venues. Scored on the wrapped form for the same reason wstETH is scored on stETH: the wrapper adds no counterparty.
- independent
ether.fi withdrawal queue
Contract-enforced.
Route 7, inherited. eETH itself shows one venue at 100% of volume, which alone would collapse to a single route; the permissionless wrap is what makes that irrelevant.
This is the redeemability component of the Trust Score above, which stands at 60/100 (C+). Until 1 September 2026 redeemability was a single figure measuring the right to redeem while ignoring how many routes existed to exercise it. Splitting it moved this asset’s score. How the score works
Assessed 2026-09-01. Route independence asks how many ways out the issuer cannot close, not how much the asset trades.
Compare eETH
Head to head on the Trust Score with similar assets.