Ether.fi opens eETH for minting, earn ETH rewards and Eigenlayer points with one LSD

Ether.fi, a decentralized, non‑custodial Ethereum staking protocol, launched eETH, a liquid staking/restaking token (LST/LRT) that users can now mint directly by depositing ETH via the ether.fi app. When a user stakes ETH to mint eETH on a 1:1 basis, ether.fi stakes that ETH on Ethereum validators and natively restakes the pooled ETH into EigenLayer, while the user receives liquid eETH that can be held or used across DeFi. eETH is a rebasing token, meaning its balance increases over time to reflect accrued rewards, and it can be wrapped into weETH for a non‑rebasing version. By holding a single asset, eETH holders earn multiple reward streams: standard Ethereum staking yield, ether.fi Loyalty Points, EigenLayer “restaked points” and other restaking rewards, alongside the ability to deploy eETH in DeFi for additional yield. This design positions eETH as one of the first “native liquid restaking” tokens on Ethereum, allowing users to access EigenLayer‑based rewards without running their own validators or managing separate restaking positions. The product is also presented as supporting Ethereum decentralization by using distributed validator technology (DVT) and a delegated, non‑custodial architecture in which stakers retain control over withdrawal credentials while node operators run the validators. The opening of eETH minting and the associated dual‑points structure (ether.fi Loyalty Points plus EigenLayer points) matters because it ties into a broader narrative around liquid restaking and potential future airdrops, attracting significant capital and competition in the restaking sector. For users, eETH offers a way to consolidate staking and restaking exposure into a single liquid token, while for the ecosystem it increases the amount of ETH securing both Ethereum and EigenLayer’s Actively Validated Services (AVSs), potentially deepening security and liquidity across DeFi.

✨ AI-generated background, compiled from web sources — not editorial content.

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• Rewards
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• EigenLayer