Ether.fi Staked ETH (eETH) is a rebasing ERC-20 token launched by ether.fi, a decentralized and non-custodial staking protocol. This token represents a claim on an equivalent amount of ETH either held in the ether.fi liquidity pool or staked in the Ethereum Proof-of-Stake system. The rebasing mechanism is designed to automatically distribute staking rewards to eETH holders by updating their balances across all addresses.

Features of eETH

eETH operates as a Liquid Restaking Token, enabling users to stake their ETH for rewards and seamlessly reinvest in EigenLayer. It is distinguished as the first native liquid restaking token on the Ethereum network, allowing users to mint eETH on ether.fi to optimize their rewards. By minting eETH, users gain access to Ethereum staking rewards, ether.fi Loyalty Points, restaking rewards, including EigenLayer points, and the opportunity to provide liquidity to various DeFi protocols.