Ether.fi

Etherfi eETH

Ether.fi eETH is a liquid restaking token on Ethereum representing natively staked and restaked ETH. Yield comes from Ethereum staking rewards plus additional restaking rewards via EigenLayer and Symbiotic.

AUM

$6.28b-0.58%

APY

2.85%+0.7%

BB+Rated Protocol

Updated Mar 9, 2026

Risk Rating

BB+

AAAAAABBBBBBCCCCCCD

This rating is based solely on publicly available information. The range from BB+ to A reflects the gap between the current assessment and the potential rating achievable if all identified improvement areas are addressed.

SCS: Smart Contract Security

KMP: Key Management Permissions

M: Market

L: Liquidity

C: Collateral

PM: Protocol Mechanics

ICE: Infra Counterparty Exposures

PCE: Protocol Counterparty Exposures

G: Governance

FR: Financial Resilience

TLC: Team Legal Compliance

DT: Documentation Transparency

Potential Score

Provider risk assessed across Business, Operations, Reliability, and Security.

View the detailed scoring breakdown

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Contract Addresses

TokenContract

0x35fA...8ac2

weETH

0xCd5f...b7ee

Treasury1

0x7D4b...d5Cd

Treasury2

0x7A6A...bB53

Treasury3

0x5f0E...Ae55

Treasury4

0xD022...C90b

EtherFiAdmin

0x0EF8...D705

LiquidityPool

0x3088...F216

StakingManager

0x25e8...f01E

EtherFiTimelock

0x9f26...0761

MembershipManager

0x3d32...3000

Key Strengths

Extensive audit coverage from multiple independent top-tier firms including formal verification, with an active bug bounty program on a leading platform
Clean security track record with no confirmed exploits causing user fund loss across the protocol's full history
Continuous real-time threat monitoring with automatic protective actions and war room management covering the entire ecosystem
Fully identified founding team with strong entrepreneurial track record and institutional backing from reputable investors
Comprehensive documentation covering architecture, risks, deployed contracts, and governance framework

Key Risks

Admin multisig has a small signer set with undisclosed identities, creating centralization risk despite timelock protections
eETH/weETH has never been stress-tested under a severe depeg or bank-run scenario, leaving resilience unproven
EigenLayer restaking introduces socialized slashing risk from AVS operators, adding a risk dimension beyond standard liquid staking
No dedicated ring-fenced safety module with binding loss compensation rules; treasury serves multiple purposes without specific backstop commitments
Treasury composition and liquid reserves relative to TVL are not publicly disclosed