ether.fi has removed all restaking exposure from weETH, making its flagship asset a plain liquid staking token and confining restaking to weETHs, a separate token built on Symbiotic. The protocol announced the split on X on Thursday.
The change ends the arrangement that made ether.fi the largest business built on EigenLayer's restaking model. ether.fi bundled Ethereum staking yield with EigenLayer restaking exposure inside a single token, grew fast on that pitch through 2024, and has now separated the two. Holders who want restaking have to opt into a second token.
ether.fi's staking arm holds $3.3 billion, according to DefiLlama, making it the largest liquid restaking protocol and the third-largest across liquid staking and restaking behind Lido and Binance staked ETH. It peaked at $12.43 billion in August 2025.
There are 1.72 million weETH in circulation. weETHs, the token ether.fi is pointing restakers toward, has a supply of 9,136 tokens worth roughly $18 million — about half a percent of the protocol's staking base.
ether.fi CEO Mike Silagadze quote-tweeted the announcement.
