EtherFi offers Cash, a crypto-native Visa debit card that can be funded directly from DeFi positions and staking rewards.
EtherFi is one of the largest liquid staking and restaking protocols, offering eETH that earns both Ethereum staking and EigenLayer restaking rewards while stakers retain key control.
EtherFi is a comprehensive DeFi platform combining liquid staking, liquid restaking, automated vaults, and a crypto debit card in one protocol.
EtherFi operates on Ethereum as a leading liquid restaking protocol, enabling users to earn combined staking and restaking yields while maintaining key ownership.
Data updated Feb 15 · Source: Statility
EtherFi has established itself as a leading decentralized, non-custodial liquid staking protocol on Ethereum, distinguishing itself by allowing stakers to retain control of their keys " a meaningful differentiator in the liquid staking landscape. The protocol's eETH liquid staking token enables users to earn staking rewards while maintaining DeFi composability across the broader ecosystem. EtherFi has attracted significant TVL, positioning it among the top liquid staking providers and demonstrating strong market confidence. The introduction of the Cash crypto card, allowing users to spend against their staked positions, is an innovative bridge between DeFi yields and real-world utility, though this feature is still maturing compared to established crypto card providers. The ETHFI governance token on Ethereum adds a decentralization layer to protocol decision-making. Key strengths include non-custodial architecture, restaking integration with EigenLayer, and a growing product suite. Concerns include smart contract risk inherent to complex staking mechanisms, competitive pressure from Lido and other protocols, and regulatory uncertainty around liquid staking derivatives. Overall, EtherFi represents a compelling and innovative entry in Ethereum's staking ecosystem.
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