Ether.fi will cut its last structural connection with EigenLayer by the end of this quarter
BIBIBI
AT A GLANCE
Ether.fi plans to end its last structural connection with EigenLayer at the end of this quarter, citing risk and insufficient yield opportunities as the reasons.
Article
Ether.fi will cut its last structural connection with EigenLayer PANews September 29 news, citing CoinDesk, reports that Ether.fi will cut its last structural connection between its staking token and the restaking protocol EigenLayer by the end of this quarter. Protocol documents show that, as of August, less than 1%of assets remain in a restaked state, and EigenPod withdrawal credentials are expected to be removed before year-end. 2024 When Ether.fi launched in EigenLayer year, deposits were automatically restaked on August this year, the company separated restaking from weETH, making it an ordinary liquid staking token. Users who still want to restake must choose a separate Symbiotic-based token. Ether.fi CEO Mike Silagadze said the reason for exiting was risk: restaking no longer offered meaningful yield opportunities, and stakers perceived the risk. DefiLlama data shows,...
(Read the full article via the link below)
🔗https://www.panewslab.com/zh/articles/01a0ea8d-d80f-75c1-986d-05e137f02874
Key points
01
PANews, citing CoinDesk, reports that Ether.fi will cut its last structural connection between its staking token and EigenLayer by the end of this quarter.
02
Protocol documents show that, as of August, less than 1%of assets remain in a restaked state.
03
EigenPod withdrawal credentials are expected to be removed before year-end.
04
2024 When Ether.fi launched in EigenLayer year, deposits were automatically restaked on
05
This year August, Ether.fi separated restaking from weETH, making it an ordinary liquid staking token.
06
Users who still want to restake must choose a separate Symbiotic-based token.
07
Ether.fi CEO Mike Silagadze said the reason for exiting was risk: restaking no longer offered meaningful yield opportunities, and stakers perceived the risk.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Ether.fi is separating ordinary liquid staking from restaking. Previously, user deposits were automatically restaked on EigenLayer; after the adjustment,weETH will no longer include this arrangement, and users who wish to continue restaking will need to separately choose a Symbiotic-based token.
Why it matters to readers
This adjustment will change how Ether.fi users participate in restaking and reduce the structural connection between Ether.fi and EigenLayer. The original text also states that less than 1%。
If you hold or are considering using weETH, you need to distinguish between ordinary liquid staking and restaking, which have been separated; to continue participating in restaking, you need to actively choose the corresponding separate token and remain aware of the associated risks.
Risks and unknowns
The adjustment reported remains a plan; whether it will be completed by the end of this quarter or before year-end has not been confirmed.
The evidence consists of PANews' account of CoinDesk and protocol documents; the original Ether.fi official announcement was not provided.
The original text is truncated with an ellipsis; the DefiLlama data and the full article were not provided.
The specific years corresponding to “the end of this quarter,” “before year-end,” “this year August” and “2024 year” cannot be confirmed from the evidence alone.
The name, yield, and specific risks of the Symbiotic-based separate token are not specified in the evidence.
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Related concepts
liquid staking token
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