ether.fi is an Ethereum-based decentralized finance project launched in 2023 by a team led by Mike Silagadze. It first became known as a liquid staking and restaking protocol that made Ethereum staking easier to access.
It has since broadened its scope and now describes itself as a crypto neobank. The aim is to let users save, grow, and spend digital assets within one connected app.
Stake lets users stake ETH and receive liquid tokens such as eETH and weETH, so their positions stay usable elsewhere. Liquid is a vault product that automates onchain strategies seeking variable yield.
Cash supports card spending and payments, and users can borrow against their holdings instead of selling them. A 2026 upgrade added tokenized stock and metals trading as well as Aave-powered portfolio loans.
Data provided by CoinGecko
ETHFI is the governance token launched in March 2024, with a fixed total supply of 1 billion tokens. Holders can take part in proposals and votes on the protocol's direction.
An airdrop to early users accompanied the launch, and in 2026 the project announced buybacks of ETHFI funded by protocol revenue. According to the project, assets across the platform exceed 3 billion dollars.
Its non-custodial design lets users keep control of their assets while using staking, yield strategies, and payments in one place. It is also one of the few DeFi projects with a sizable base of real-world card users.
Risks include smart contract vulnerabilities, restaking and slashing exposure, and liquidation risk on collateralized loans. Regulatory changes and token price volatility also apply, so understanding the mechanics and risks before use is important.
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