Wrapped eETH (WEETH) is a liquid restaking token that represents a wrapped, non-rebasing version of eETH, the native token of the ether.fi protocol. It's designed to give Ethereum holders a way to earn staking and restaking rewards while maintaining full liquidity for use across DeFi applications.
What Makes WEETH Special?
The ether.fi Ecosystem
ether.fi is a decentralized, non-custodial liquid staking protocol that allows users to:
- Stake ETH to earn Ethereum staking rewards
- Participate in EigenLayer restaking for additional yield
- Maintain control of their private keys (unlike centralized staking services)
eETH vs. weETH: The Key Difference
- eETH is a rebasing token — your balance automatically increases in your wallet as rewards accumulate
- weETH is the wrapped version — your balance stays the same, but the value of each token increases over time relative to ETH
This makes weETH much easier to integrate with DeFi protocols (like Aave, Uniswap, Curve, Pendle) that often struggle with rebasing mechanics.
How It Works
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Deposit ETH → Receive eETH (1:1 ratio)
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Wrap eETH → Get weETH (non-rebasing, DeFi-compatible)
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Earn Multiple Reward Streams:
- Ethereum staking rewards (~3-4% APR)
- EigenLayer restaking rewards
- ether.fi loyalty points
- Additional DeFi yields (lending, liquidity provision)
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Omnichain Capability: weETH uses the LayerZero OFT standard, allowing it to be bridged seamlessly to Layer 2 networks like Arbitrum, Blast, Mode, and Linea with low fees.
Current Market Position (January 29, 2026)
| Metric | Value |
|---|---|
| Price | $3,069.66 |
| Market Cap | $9.27 Billion |
| Rank | #15 globally |
| 24h Volume | $8.26 Million |
| Circulating Supply | 3,026,240 WEETH |
Recent Performance:
- Down 6.31% in the last 24 hours
- Down 4.48% over the past week
- Tracks ETH price closely but trades at a premium due to accumulated staking rewards
Use Cases
✅ Collateral for Lending — Deposit weETH on Aave or Morpho to borrow assets while still earning staking rewards
✅ Liquidity Provision — Pair weETH with ETH or stablecoins on DEXs to earn trading fees
✅ Yield Farming — Use weETH in Layer 2 protocols for boosted rewards
✅ Cross-Chain DeFi — Bridge weETH to L2s for lower gas fees while maintaining mainnet staking exposure
Why It Matters
weETH is a cornerstone of the "Liquid Restaking" narrative, allowing ETH holders to maximize yield through both traditional staking and EigenLayer restaking without locking up their capital. It's one of the most successful liquid restaking tokens, ranking #15 globally and deeply integrated into the Ethereum DeFi ecosystem.
Key Resources:
- Website: ether.fi
- Twitter: @ether_fi
- Contract (Ethereum):
0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee
In short: weETH = ETH staking rewards + EigenLayer restaking + full DeFi liquidity 🚀