ether.fi Wrapped eETH (weETH) is a liquid restaking token that layers EigenLayer restaking on top of Ethereum staking, earning validator rewards plus additional restaking yield through ether.fi's node operators. It is one of the largest LRTs and is widely integrated across DeFi lending and yield markets. weETH scores 64/100 (Tier 3) on the RWTS Trust Score: a credible operator set and deep integrations, but it stacks EigenLayer's newer slashing surface on top of normal staking risk. Native redemption runs through a withdrawal queue, with instant exits available via DEX swaps.
- Issuer / protocol
- ether.fi
- Backing
- Staked ETH (Ethereum PoS) + EigenLayer restaking + ether.fi node operators
- Redemption / lock-up
- None (liquid). Native unstaking via Lido withdrawals or instant swap on Uniswap.
- Audit & proof of reserves
- Independently audited
- Availability
- Global
- Chain
- Ethereum
- Tier
- Tier 3 — Secured DeFi
- Contract
- 0xCd5f…b7ee
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.
| Pool | DEX | Liquidity | 24h Vol |
|---|---|---|---|
| weETH / WETH | uniswap | $12.9M | $2 |
| weETH / WETH | curve | $12.0M | $2.3M |
| weETH / WETH | uniswap | $4.7M | $409K |
| weETH / wstETH | uniswap | $1.3M | $44K |
| weETH / WETH | curve | $25K | $340 |
| weETH / ETH | uniswap | $10K | $7 |
Aggregated across public DEX pools holding more than $10K in liquidity. Daily snapshot, not a live feed. Source: DexScreener. Deep, distributed liquidity makes a token easier to enter and exit without slippage.
Current yield of 2.26% sits at -39% of the observed range. There may be room for rates to improve.
Projections assume constant APY of 2.26%. Actual returns may vary. Not financial advice.
Beyond weETH'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: TVL of $5.89B indicates deep on-chain liquidity. Lock-up: None (liquid). Native unstaking via Lido withdrawals or instant swap on Uniswap..
Is weETH safe?
weETH (ether.fi Wrapped eETH) scores 64/100 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 (Ethereum PoS) + EigenLayer restaking + ether.fi node 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
ether.fi withdrawal queue
Contract-enforced, subject to the Ethereum exit queue.
- independent
eETH
Unwraps permissionlessly; no counterparty is added or removed by the wrapper.
- independent
31 venues
Largest 78% of $12.9m daily volume, so the remainder clears the concentration threshold.
Route 7. Right 5, the same shape as stETH: a queue rather than a redemption desk.
This is the redeemability component of the Trust Score above, which stands at 64/100 (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 weETH
Head to head on the Trust Score with similar assets.