# eETH

## Overview

eETH is ether.fi’s flagship Ethereum-backed liquid restaking token for native staking and multichain bridging, designed to simplify yield optimization and expand DeFi utility.

eETH is backed by staked and natively restaked ETH (via EigenLayer) to deliver dual exposure to staking and restaking economics.

## Key Benefits

In a conventional [Liquid ReStaking](https://docs.eigenlayer.xyz/eigenlayer/restaking-guides/restaking-user-guide/liquid-restaking/) strategy, the users lock their Liquid Staking Tokens such as `stETH` into the EigenLayer's Liquid ReStaking Strategy contracts. The cons are that the restaked assets are non-transferrable, non-usable in DeFi, and require 14 days withdrawal period for redemption back into the LSTs. Note that you will need additional delays to redeem ETH from your LSTs, again.&#x20;

However, ether.fi's `eETH` and `weETH` are **Natively ReStaked** tokens at a protocol-level enabling broad DeFi composability and removing such long 14 days of un-restaking withdrawal delays.



* By holding `eETH/weETH`, holders accrue base Ethereum staking rewards reflected by the protocol’s staking yields (rebasing in eETH; wrapped for weETH)
* Restaking emissions are aggregated and distributed weekly via King Protocol as `KING`; holders can optionally unwrap KING into the underlying reward assets (e.g., `EIGEN` and `ETHFI`) of equivalent dollar value
* Users can bring their `eETH/weETH` to another DeFi and do degen stuff!
* ETH redemptions from `eETH/weETH` can be processed without EigenLayer unstaking delays as long as Ether.fi has enough liquidity; if liquidity is temporarily constrained, withdrawal timing may vary

### How restaking rewards are delivered&#x20;

* Ether.fi distributes restaking emissions through a cumulative claims contract in King Protocol on a weekly cadence; unclaimed amounts accrue over time until claimed.
* Stakers claim `KING` and can unwrap it into the current underlying reward components held by the KING vault, receiving assets proportional to vault composition at the time of unwrapping.
* The specific underlying components may change over time; distribution logic ensures stakers receive an equivalent dollar value via `KING` and optional unwrapping.



For more details, visit [here](../ether.fi-whitepaper)&#x20;
