According to PANews,ether.fi announced the termination of its relationship with EigenLayer its final structural tie to EigenLayer, exited the restaking sector, and shifted toward businesses such as crypto consumer cards and lending.
Ether.fi plans to remove EigenPod withdrawal credentials at the end of this quarter, ending its last structural connection with EigenLayer. Currently, less than 1%of assets remain in a restaked state.
CoinDesk reported that ether.fi is gradually exiting its core restaking business and plans to shift toward a crypto “neobank” model; during the same period, overall fees and profits for restaking protocols declined significantly.
