Liquid staking

ether.fi

Non-custodial crypto neobank that began as ETH staking (eETH, weETH) and adds a Cash card, borrowing and vaults.

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Facts checked Sep 26, 2026

ether.fi key facts

CategoryLiquid staking
ChainsEthereum
PlatformsWeb
CustodyNon-custodial
US availabilityStake allowed; Liquid not available to US residents
Security audits45+ reports from Certora, CertiK, Halborn, Nethermind, Zellic and others
Launched2023
TokenETHFI (governance); eETH and weETH (staking)
About

What is ether.fi?

ether.fi is a non-custodial crypto neobank that started in 2023 as an Ethereum staking protocol. Staking ETH mints eETH, a rebasing token, or weETH, its wrapped form. It now adds the Cash card, borrowing and Liquid vaults. In September 2026 a legacy withdrawal contract exploit cost users about $40K; ether.fi says it is reimbursing in full.

ether.fi usage

Total value locked$6.2B+4.4% in 7 days
Fees paid, 24h$378,535
Fees paid, 30d$13.5M
Chains5

From DefiLlama (TVL) (fees users paid), updated Sep 26, 2026.

Liquid stakingNon-custodialWeb

ether.fi pros and cons

Pros
  • More than 45 public audit reports since February 2023
  • US residents can use the Stake service
  • eETH and weETH stay usable across DeFi
Cons
  • Liquid vaults not available to US residents
  • Legacy AtomicQueue exploit in September 2026 took about $40K from users
  • Tokenized stocks and metals not offered in the US

ether.fi FAQ

What is ether.fi?

ether.fi is a non-custodial crypto neobank that started in 2023 as an Ethereum staking protocol. Staking ETH mints eETH, a rebasing token, or weETH, its wrapped form. It now adds the Cash card, borrowing and Liquid vaults. In September 2026 a legacy withdrawal contract exploit cost users about $40K; ether.fi says it is reimbursing in full.

How much value is locked in ether.fi?

$6.2B according to DefiLlama on Sep 26, 2026. It is deployed on 5 chains: Arbitrum, Base, Ethereum, Scroll, Optimism.

How much do users pay ether.fi in fees?

$13.5M over the last 30 days, according to DefiLlama on Sep 26, 2026.

Is ether.fi available in the US?

Stake allowed; Liquid not available to US residents, according to ether.fi’s own page (checked Sep 26, 2026).

Does ether.fi hold my funds?

No. ether.fi is non-custodial: you keep your funds in your own wallet and sign each transaction.

Sources

  1. ether.fi: official site
  2. ether.fi: Terms of Use
  3. ether.fi: Docs, Audits
  4. ether.fi: Docs, About ether.fi
  5. DefiLlama

How this page works

Sources: ether.fi: official site, ether.fi: Terms of Use, ether.fi: Docs, Audits. Data as of Sep 26, 2026.

How we review

Not affiliated with any project listed. Educational content, not financial advice.