Ether.fi said it plans to unwind its last structural connection to EigenLayer this quarter, a move that would leave restaked assets accounting for less than 1% of its total. The statement was attributed to CEO Mike Silagadze, who said the protocol is stepping away because restaking still carries risk while no longer offering meaningful returns. He also cited operating figures to support that view. According to the data referenced in the report, restaking currently secures $10 billion in assets but generates only $99,977 in weekly fees. Measured on a per-dollar-of-secured-assets basis, standard liquid staking yields are about 53 times higher. The report also said the top five remaining liquid restaking tokens posted a combined gross profit of $953,400 last quarter, down from $2.18 million three quarters earlier. The item was reported by CoinDesk and carried by Odaily.
Ether.fi said it will remove its final structural link to EigenLayer this quarter, a step that would reduce the share of its restaked assets to below 1%.
CEO Mike Silagadze said the protocol is exiting because restaking risk remains, while the economic benefit is no longer meaningful.
Revenue figures cited by the company
Silagadze said restaking currently secures $10 billion in assets but produces only $99,977 in fees over one week. On a per-dollar-of-secured-assets basis, returns from standard liquid staking are about 53 times higher.
He also said the top five remaining liquid restaking tokens recorded a combined gross profit of $953,400 last quarter, down from $2.18 million three quarters earlier.
The report was attributed to CoinDesk.
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