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ether.fi splits weETH from EigenLayer restaking exposure
The protocol says restaking exposure is moving into weETHs, while less than 1% of ether.fi assets remained restaked with EigenLayer as of August 2026, down from about half earlier in 2026.
ether.fi has removed all restaking exposure from weETH, turning its flagship token into a plain liquid staking asset, while confining restaking to weETHs, a separate token built on Symbiotic. The protocol said the split on Thursday, ending a setup that combined Ethereum staking yield with EigenLayer restaking exposure in a single token.
The change means holders who want restaking exposure must opt into the second token, rather than receiving it automatically through weETH. The company’s CEO Mike Silagadze characterized the move as the end of an era, while saying restaking could return in another form.
ether.fi’s staking arm holds $3.3 billion, according to DefiLlama, and is described as the largest liquid restaking protocol and the third-largest across liquid staking and restaking behind Lido and Binance staked ETH. DefiLlama data cited in the report also notes that ether.fi peaked at $12.43 billion in August 2025, and that there are 1.72 million weETH in circulation.
The report says the onchain wind-down occurred before the announcement and that ether.fi documentation states less than 1% of assets remained restaked with EigenLayer as of August 2026, down from about half in early 2026. Neither Eigen Labs nor Symbiotic had commented publicly at press time, and ether.fi had not published an explanatory blog post beyond a separate weETH security review.
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