Ether.fi to cut final EigenLayer tie as restaking share falls below 1%

  • Ether.fi removed restaking from weETH and plans to remove EigenPod credentials by year-end.
  • Restaking held $10.02 billion and generated $99,977 in fees during the prior week.
  • Five leading liquid restaking tokens generated $953,350 in second-quarter 2026 gross profit.

Ether.fi is ending its remaining structural connection with EigenLayer after removing restaking from weETH in August and preparing to remove EigenPod withdrawal credentials by the end of the year. Less than 1% of its assets remained restaked through EigenLayer as of August. WeETH, Ether.fi's liquid staking token and a widely used DeFi collateral asset, will remain a plain liquid staking token, while users seeking restaking must opt into a separate token built on Symbiotic. CEO Mike Silagadze said the decision reflected limited yield opportunities and perceived risk. The retreat underscores the weakening economics of restaking: EigenLayer held $19.7 billion at its peak, but on Sept. 8 the sector generated $99,977 in weekly fees on $10.02 billion of assets, compared with $27.35 million for liquid staking on $51.87 billion. Ordinary staking therefore generated roughly 53 times more fees per dollar secured. The five largest remaining liquid restaking tokens generated $953,350 in combined gross profit in the second quarter of 2026, down from $2.18 million three quarters earlier, with reported profits coming from underlying staking fees rather than the restaking layer.

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