Ether.fi to Discontinue Remaining Structural Ties with EigenLayer, Restaked Assets to Fall Below 1%

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Ether.fi will discontinue its final structural connection with EigenLayer this quarter, reducing restaked assets to below 1% of its total. CEO Mike Silagadze cited risks associated with restaking and poor returns as the reasons. Restaked assets secure $10 billion but generated only $9,997.70 in fees last week—significantly lower than regular staking yields. Key altcoins to monitor include the five remaining restaked tokens, which recorded $953,400 in gross profit last quarter, down from $2.18 million three quarters ago.

Odaily Planet Daily report: The liquid staking protocol Ether.fi will sever its final structural connection with EigenLayer this quarter, reducing the proportion of its re-staked assets to less than 1%. CEO Mike Silagadze cited ongoing risks associated with re-staking and the absence of material benefits as the reasons for the exit.

Re-staking currently secures $10 billion in assets but generates only $99,977 in fees per week; on a per-dollar-of-secured-asset basis, ordinary liquid staking yields approximately 53 times higher. The combined gross profit from the top five remaining liquid re-staking tokens last quarter was $953,400, down from $2.18 million three quarters ago. (CoinDesk)

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