Ether.fi is moving away from its core liquid restaking business toward a crypto neobank model and plans to end its remaining structural connection with EigenLayer. The company removed restaking from weETH in August, leaving the token as a plain liquid staking asset, and plans to remove its remaining EigenPod withdrawal credentials by year-end, although company reporting also describes the cutoff as occurring by the end of the current quarter. Less than 1% of Ether.fi's assets remained restaked through EigenLayer as of August. Users seeking restaking will have to opt into a separate token built on Symbiotic. CEO Mike Silagadze cited limited yield opportunities and rising smart-contract, slashing and other risks. The retreat reflects weakening restaking economics: on Sept. 8, restaking held $10.02 billion and generated $99,977 in weekly fees, while liquid staking held $51.87 billion and generated $27.35 million. Five major remaining liquid restaking tokens generated $953,350 in combined second-quarter 2026 gross profit, down from $2.18 million three quarters earlier, with profits coming mainly from ordinary staking fees rather than the restaking layer.