Ether.fi

Ether.fi (ETHFI) is a decentralized liquid restaking protocol on Ethereum: users deposit ETH, receive a liquid restaking token that stays usable across DeFi, and the underlying stake is restaked through EigenLayer to help secure additional services for extra yield.

How Ether.fi's restaking and ETHFI token work

The design keeps stakers non-custodial while layering restaking rewards on top of base staking yield, and the liquid token can be deployed across Arbitrum, Base, Scroll and other networks. ETHFI is the governance token, steering protocol parameters and treasury, while revenue comes from fees on the staked and restaked assets under management.

Scale advantages against stacked restaking risks

The bull case is that Ether.fi became one of the largest liquid restaking providers early, earning scale and integrations in a fast-growing category. The bear case stacks the sector's risks: smart-contract exposure across staking and restaking layers, potential depeg of the liquid token under stress, dependence on EigenLayer's slashing and reward design, and the usual gap between a governance token and the yield it oversees. ETHFI fits users already committed to restaking who want a governance stake in the leading venue.

1. 1. Choose an exchange. Pick a reputable exchange that lists ETHFI — among the venues we rate highest are Binance, OKX and Kraken.
2. 2. Create & verify your account. Register, enable two-factor authentication, and complete identity verification (KYC).
3. 3. Deposit funds. Add money by bank transfer, card, or a stablecoin, depending on what the exchange supports in your region.
4. 4. Buy ETHFI. Search for ETHFI, choose a market or limit order, enter your amount, and confirm.
5. 5. Secure your coins. For long-term holdings, withdraw ETHFI to a self-custody wallet you control rather than leaving it on the exchange.

Compare venues in our independent exchange ratings. This is not financial advice.