Ether.fi to Sever Final Structural Ties with EigenLayer This Quarter

Ether.fi plans to remove the final structural links between its staked tokens and the restaking protocol EigenLayer by the end of this quarter. As of August, less than 1% of assets remained restaked, and EigenPod withdrawal credentials are set to be removed by year-end. CEO Mike Silagadze cited risk concerns and a lack of meaningful yield opportunities as the primary reasons for the exit. Users seeking to restake must now opt for separate tokens based on Symbiotic.