what's ether.fi?
ether.fi is a decentralized, non-custodial liquid staking protocol on Ethereum that allows users to stake ETH and other assets while maintaining liquidity through its eETH token. It pioneered trends like points farming in DeFi, protocol-owned vaults for restaking, and crypto neobanks enabling real-world spending via Visa cards. Users can earn rewards on staked assets including ETH, BTC, and stablecoins, with features like cross-chain compatibility and revenue sharing for ETHFI holders. The protocol emphasizes user control over keys and transparency through integrations like Chainlink Proof of Reserves. It has grown to over $9B in TVL, supporting seamless DeFi and everyday crypto usage.
ether.fi reached $4-5B TVL in Ethereum liquid restaking.
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Reached approximately $4-5 billion in TVL on Ethereum in the liquid restaking category.
New Pendle markets launched for wOETH (expiring on 2026-06-24) and ARM-WETH-stETH (expiring on 2026-06-24), enabling PT fixed yields, YT long yield positions, and liquidity provision through Pendle.
Received "Best In Payments" award from The Rollup 2025 Awards Season on December 31, 2025.
Nominated for Revenue Meta Award with ceremony scheduled for 2025-12-30.
Received a stake of 3,598 ETH (approximately $10.8M) from a long-term holder on December 22, 2025.
weETH offers 16% APR yield opportunity on Aave with near infinite sizing.
Pike platform launches closed beta on Base, granting ether.fi and Lido communities invite-only access to its integrated DEX and lending platform built for Ethereum LST holders.
Announces building Bitcoin capital markets with Extended app as the leverage layer, enabling users to stake BTC for liquid eBTC tokens that serve as collateral for margin trading while earning staking yield.
Ranks #7 among top 10 crypto projects by revenue generation, with token down 18% over the past 30 days.
Ether Cash processes $150M+ in spending with 43k active cards and $2.25M ATH daily volume by December. Platform executes a $50M buyback program and attracts treasury allocations of ~$100M ETH from Peter Thiel-backed ETHZilla and 6,000 ETH from Optimism, while recording the largest ever weETH mint of 300k ETH.
Ranks in top 2 for number of transactions among neobanking platforms, ahead of MetaMask and other competitors.
Platform's DeFi bank has approximately 200k accounts and maintains zero liquidations across all loans.
Cash becomes the top revenue driver for the platform.
Current TVL stands at $8.9B with fees reaching $19M in 30 days and $77M in a single quarter.
$35 million in cumulative deposits from ether.fi and infiniFi flow to Cap protocol (capmoney_).
Level 5+ Jumper Pass holders receive 11% ETH cashback (10% + 1% extra) on the card during the 10-day promotional period.
All cashback on the platform converts to full payment in ETH across the entire program.
New ETHFI spot trading pairs list on MEXC exchange.
Annual user spending through the Cash card program nears $1B.
The card product launches a 10% cashback in ETH promotional campaign accessible through referral links. The disclosure notes this is promoted by a holder and collaborator of the project.
Selected for major asset expansion on Stable protocol through LayerZero as the canonical interop provider.
Launches Repay with LiquidUSD feature for instant debt repayment using LiquidUSD balance. Recruits users to test new physical card distribution process.
The LiquidUSD vault curator now allocates to Cap Money, adding a new deployment path to its strategy.
The project executes a $50M buyback while DCF Capital accumulates ETHFI tokens.
The LST protocol generates $969,149 in 7-day revenue, ranking #22 on DefiLlama's top-100 revenue dashboard as a new entrant.
weETH records largest mint ever at 300,000 ETH, and payment card achieves daily spend all-time high of $2.25 million.
Optimism Collective partners with ether.fi, deploying 6,000 ETH into weETH for its treasury and liquid staking strategy, positioning weETH as a core asset for OP Mainnet.
Falls from #4 to #6 in DeFi TVL leaderboard rankings between Dec 2024 and Dec 2025, with restaking growth slowing relative to competitors.
Resolv Season 4 launches December 9, 2025 through April 9, 2026, distributing 120,000 ETHFI tokens to stRESOLV holders over 3 months (until March 3, 2026) as the first season with liquid partner rewards via weETH exposure.
10% cashback promotion runs until December 11th per influencer review ranking it as top-tier crypto payment card with features including non-custodial functionality, up to 4% standard cashback, lounge access, and purchase protection.
EtherFI ranks among the top advertisers on Base's new advertising model which has generated $57K in revenue so far.
Platform integrates with Solana and Daimo Pay to enable deposits of any Solana token.
Referenced as having the largest card rollout and a $1B revenue projection in a comparative analysis of DeFi protocols solving problems at scale.
Launches a "10 days of Christmas" campaign that users can sign up for.
weETH integrates with Stable as a day one partnership powered by LayerZero, with bridging available via Stargate Finance at mainnet launch.
Partners with ETH Gas Official for gas cost reduction technology, joining Velvet Capital and Pendle in the Open Gas Initiative for transparent gas pricing and fee rebates.
Platform generates $4.1M in revenue over 30 days from restaking and AVS operations.
Listed as partner for Solana Consumer Day, a gathering for founders and builders in Solana's consumer app ecosystem.
November crypto card market reaches $406M with Cash among top 3 leaders alongside Rain and Ready, as MetaMask and Cypher_HQ see sharp declines.
Cash revenues exceed staking revenues for the first time, outperforming $7B in staked ETH. DCF Cap actively buying more tokens.
Platform reports $94.6M in total ARR as Cash card daily volume reaches $2M, doubling from $1M over a 30-day period.
Cash card achieves $36M November volume with 9% month-over-month growth from $33M. Platform joins ETHGas Open Gas Initiative to provide gasless transactions for users.
Protocol authorizes up to $50M buyback from treasury if price drops below $3, with no execution evidence to date.
ResolvLabs' first governance proposal passes, distributing 120,000 ETHFI to RESOLV stakers over three months based on stake size and duration multipliers.
Q3 fee revenue reaches $77m with 85% quarter-over-quarter growth.
Limited-time 10% cashback promotion on card transactions for 10 days ahead of Christmas, increased from the standard 3% cashback rate.
Partnership with Jumper offers 11% total cashback (1% extra on top of base 10%) on credit card purchases through December 10.
Protocol announces $80M+ revenue run rate and executes $1-2M weekly token buybacks ($200K bought today). Daily transactions reach all-time high while investor vesting ends in 4 months.
Credit card product reaches all-time high weekly revenue of $453.54K ($23.6MM annualized). Arthur Hayes bought 696,000 ETHFI tokens worth $543K.
A 10-day Christmas promotion offers 10% cashback for new user registrations, with additional gold card invitation opportunities that include future points and airdrop access.
Card registration opens for Singapore users; third wave of 4% reward gold cards being distributed.
ETHFI token buybacks continue; DCF Cap seeded the project.
Rain, a first-class Visa member, issues the EtherFi card and settles transactions with Visa using stablecoins instead of fiat.
Most EtherFi Card transactions fall in the $1-$50 USD range, settling on-chain across ETH L2s and Solana.
Arthur Hayes buys $543K in ETHFI this week, approximately 2 weeks after selling all his ETHFI holdings for a loss.
Arthur Hayes purchases 696,000 ETHFI tokens worth $543K over two days.
CryptoHayes purchased $331K of ETHFI tokens from Cumberland trading desk in the past hour.
Resolv launches governance functionality with initial proposal sending 120,000 ETHFI earned from weETH to stRESOLV holders.
weETH goes live on Monad as a day one listing, bridgeable through StargateFinance.
weETH launches on Tydro, a lending market on Ink blockchain, with bridge, loop, and collateralize functionality.
Crypto card reports approximately $60 million cumulative spend volume and $4.5 million in rewards distributed last quarter, with availability across UK, EU, UAE, Hong Kong, select US states and acceptance at over 100 million merchants worldwide.
Linear token unlocks with daily releases exceeding $1 million are scheduled for ETHFI over the next 7 days according to Coingecko data.
Cash vault offers 20% fixed APR boost for holding beHYPE or wHYPE on HyperEVM, limited to first 1000 depositors through December 4th with minimum $50 spend requirement and includes borrow mode functionality plus 3% cashback on spending.
weETH launches on Ink blockchain ecosystem, expanding liquidity and integration opportunities for the wrapped staked ETH product.
Arthur Hayes (former BitMEX CEO) sells ETHFI tokens, CEO Mike Silagadze notes Hayes sold less ETHFI compared to other tokens and previously supported the project at $0.30.
Investor address receives 3.909 million ETHFI ($3.49M) in monthly token unlock and transfers 980,000 tokens ($880k) to Binance, part of recurring monthly unlock pattern that has moved 31.27 million ETHFI ($38.45M) to exchanges over past 6 months at $1.23 average price.
USX officially launches with gasless and private transactions, offering 10-15% staking yields and Q1 integration with ether.fi Cash product.
Revenue run rate reaches $90M annually with card product contributing 30% of revenues, and announces integration with Hyperliquid ecosystem for spending against HYPE tokens.
SBET with 900k ETH treasury ($3B) begins restaking using ether.fi, and a $50M revenue-based buyback program is active (pauses if price exceeds $3).
First wave of gold card invitations sent out for testing phase with referral code access available for the card product.
CEO Mike Silagadze speaks at Onchain Capital Summit in Buenos Aires on November 20th.
An analyst call is scheduled for tomorrow for fundamental investors.
Token unlocks exceeding $1M per day will affect ETHFI over the next seven days according to Tokenomist data.
Arthur Hayes sells $7.42M worth of ETH ecosystem tokens including ETHFI over two days (increased from $4.96M in 24 hours previously reported), with historical pattern showing he bought back ETH at higher prices 9 days after his last sale on August 1st.
A $25 welcome bonus is available for the card/neobank product, competing with offerings from major exchanges like Binance and Bybit.
Arthur Hayes dumps $4.96M in crypto over 24 hours across 6 different tokens including 132K ETHFI, representing a significant multi-asset whale liquidation.
Arthur Hayes transfers 132,730 ETHFI ($124K) to Wintermute market maker 4 hours ago.
Protocol reports $60M+ in annualized revenue and commits to $50M in token buybacks as long as ETHFI price remains below $3.
Analysis shows positive fundamental momentum month-over-month for EtherFi, contrasting with negative shifts across most other protocols.
Epoch 6 of DRIP program launches as the most rewarding epoch yet, focusing mainly on ETH assets like weETH.
Protocol buys approximately 100k ETHFI tokens daily via CoW swap and loads another 200k USDT to the wallet for continued buybacks.
The credit card product generates $20.7MM in annualized revenue, surpassing the protocol's total April revenue of $18.5MM.
Partners with Staking Summit Buenos Aires as Official Card Partner, promoting the Cash Card with $25 cashback signup offer at the Summit.
Live AMA focuses on institutional DeFi on Base chain with participation from D2_Finance co-founder and DeriveXYZ head of partnerships.
Another $200,000 in ETHFI buybacks executes today, with dcf cap noted as having seeded the project.
Protocol generates $286M in annualized fees and $60M in revenue at a $500M market cap valuation.
The Cash product on Scroll surpassed $100 million in all-time spend volume.
The card product is now available in Singapore with 3% cashback and $25 sign-up bonus. weETH deposits to Spark protocol reach ~$590M, an increase of ~$400M during October.
First wave of "gold card" test invitations for the card product launches this week, with additional draws for new registrations. (ID: 1987764450599043288)
A $50M ETHFI buyback proposal targets prices below $3.
ETHFI faces major linear token unlocks exceeding $1 million per day over the next seven days, according to Tokenomist data.
Derive (formerly Lyra), an on-chain options platform with $75M TVL and $630M monthly notional volume, has integrated with the EtherFi and LST ecosystems.
The buyback program has cumulatively purchased ~$8.5M worth of ETHFI tokens to date, with last week's execution acquiring 574K ETHFI for $900K+, as EtherFi Cash grows as a revenue source.
SharpLink partners with EtherFi to enhance ETH yield generation on staked assets through protocol partnerships.
Cash product crosses $100M in total cumulative spending, marking a significant milestone beyond the previously reported $33M October volume and $8M weekly volumes.
The ETHFI team executes the previously approved token buyback over the past 1-2 days.
EtherFi DAO passes a $50M ETHFI token buyback proposal.
Etherfi Cash achieves $33M in transaction volume during October with $9M month-over-month growth, ranking as the second-best growth performer among crypto card platforms.
Weekly volumes for EtherFi Cash product reach ~$8 million.
Three new wallets withdrew 7.42M ETHFI tokens ($6.24M) from Binance within 24 hours at an average entry price of $0.841.