Ether.fi has separated liquid staking from restaking by removing all restaking exposure from its weETH token. WeETH is now a pure liquid staking token (LST). A new token, weETHs, powered by Symbiotic, has been introduced as the dedicated liquid restaking token. The move aims to simplify user choice between basic staking and higher-risk/higher-reward restaking, which were previously bundled together, and to eliminate combined risk. The total value locked (TVL) in Ether.fi is approximately $3.55 billion. This change occurs amid a broader Ethereum community debate on staking rewards, including a criticized proposal (EIP-8363) to burn an increasing portion of validator rewards as the staked ETH ratio grows. Ether.fi's founder argued such a change would harm small stakers and staking-based products.
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