According to CoinDesk, Ether.fi (ETHFI), Ethereum's largest liquidity restaking protocol, is virtually withdrawing from its EigenLayer (EIGEN)-based restaking business. Ether.fi removed the restaking function from weETH last August and plans to eliminate EigenPod withdrawal credentials by the end of the year. Currently, less than 1% of total assets are restaked. Mike Silagadze, CEO of Ether.fi, explained, “Meaningful profit opportunities have disappeared from restaking, while the risks borne by stakers still exist, leading us to decide to withdraw.”
