ether.fi is a decentralized, non-custodial liquid restaking protocol and DeFi finance app ecosystem based in the Cayman Islands. The protocol was founded by Mike Silagadze, Jozef Vogel, Rok Kopp, Rupert Klopper, Seongyun Ko, Dave Alexander, and Jacob Firek, and was established in 2022. ether.fi's TwitterScore is 307 out of 1000.

The protocol's main assets and products include weETH, eBTC, and eUSD, with ETHFI serving as the governance token through which holders can influence treasury decisions, token utility and design, and ecosystem growth. The ether.fi Foundation exists to oversee and carry out decisions of ETHFI token holders and steward the treasury and protocol. According to DefiLlama, ether.fi held a Total Value Locked of $2.82b, with TVL by chain shown as Ethereum at $2.677b, OP Mainnet at $142.8m, and Scroll at $89,701. DefiLlama lists ether.fi's Total Raised as $32.3m across a Feb 28, 2023 $5.3m round and a Feb 28, 2024 $27m Series A round. Backers include North Island Ventures, Chapter One, Node Capital, Arrington XRP Capital, Version One Ventures, Purpose Investment, Bullish, Amber Group, Bankless Ventures, Foresight Ventures, Fourth Revolution Capital, Punk Ventures DAO, White Star Capital, Relayer Capital, Collider Ventures, Lvna Capital, and Draper Dragon.

ether.fi states its Cash product is a non-custodial cashback card that connects an ether.fi portfolio with everyday spending, supporting bank transfers or crypto funding, with the website reporting up to 3% cashback and 0% FX fees on EUR and USD transactions. The card is not affiliated with the ether.fi protocol and is issued subject to separate issuer terms. In an Apr 16, 2026 blog post, ether.fi announced it had migrated to OP Mainnet. In a May 29, 2026 blog post, ether.fi said an Apr 18 forged cross-chain message released approximately $292M in unbacked rsETH from Kelp DAO, while stating no EtherFi systems were directly compromised and EtherFi Liquid vaults had no direct exposure to rsETH. After the Kelp DAO rsETH incident, ether.fi said it executed bridge hardening changes across all 20 weETH chains, including pinning LayerZero message libraries, pinning DVN configuration, raising the DVN threshold to 4-of-4, and tightening pair-wise rate limits. In a Jun 9, 2026 blog post, ether.fi said it redeemed 542,792 ETH, 19.6% of TVL, over 33 days between Apr 18 and May 21, 2026, without adding measurable delay to Ethereum's shared exit queue, reporting 1,977 withdrawal requests, 12,315 validator consolidations, a median claimable time of 4.9 days, a max claimable time of 16.7 days, and 100% of requests claimable within 17 days. A Jun 23, 2026 ether.fi security post says protocol upgrade authority is behind a 10-day timelock and split between a 6-of-10 Upgrade Admin multisig and a separate 4-of-7 Operating Admin multisig for day-to-day operations and emergency pauses.

Smart Followers

The accounts that follow ether.fi include 950 founders, 234 angel investors, 867 influencers and 68 VCs, among them Ansem, Laura Shin, Erik Voorhees, Stani, Zhu Su and smolting wassie, verse. The account has been mentioned by 1,104 accounts across 7,096 posts.