Ethereum Staking
Understand Ethereum staking with ether.fi, including eETH and weETH, validator rewards, redemptions, liquidity, and staking risks.
ether.fi Stake lets users stake ETH and receive a liquid staking token that represents their position. Staked ETH supports Ethereum validators and earns variable consensus- and execution-layer rewards.
eETH and weETH
eETH is a rebasing liquid staking token. Its balance increases as staking rewards accrue.
weETH is the non-rebasing wrapped version of eETH. A user's weETH balance remains fixed while the amount of eETH represented by each weETH changes over time.
Both assets can remain transferable and may be used in supported DeFi integrations. Third-party use introduces additional smart-contract, market, oracle, liquidity, and liquidation risks.
eETH and weETH accrue Ethereum staking rewards. They do not bundle additional restaking rewards or additional AVS slashing exposure. Restaking products are separate and optional.
How staking works
A user deposits ETH through a supported ether.fi interface.
The staking protocol issues eETH or weETH based on the supported flow.
The protocol allocates ETH to Ethereum validators operated by node operators.
The oracle reports validator activity and rewards to the protocol contracts.
Staking rewards are reflected through the eETH rebase and the eETH-per-weETH conversion rate.
The staking contracts, validator infrastructure, oracle, node operators, and governance controls each form part of the trust and risk model. Current contract addresses are published under Contracts & Integrations.
Redemptions
Users can request redemption of eETH or weETH for ETH through supported interfaces. Timing depends on available protocol liquidity, the Ethereum validator withdrawal process, withdrawal demand, and network conditions. A liquid secondary market is not a guarantee that weETH will always trade at its underlying redemption value.
Rewards and risks
Staking rewards are variable and are not guaranteed. A staking position can be affected by validator penalties or slashing, smart-contract failures, oracle or governance failures, liquidity constraints, and changes to Ethereum.
For current product details, see weETH / eETH. For the protocol's current controls and disclosures, see Security & Risks.
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