ether.fi exits restaking to become a card and lending neobank
- —ether.fi will cut its EigenLayer link by end-Q3 and drop EigenPod withdrawals by year-end
- —Restaking held $10.02B in deposits as of Sept 8 but generated just $99,977 in weekly fees
- —Liquid staking: $51.87B in deposits and $27.35M in weekly fees
- —Card business rose to 46% of monthly revenue in July from 17% in January
Why it matters: A major player abandoning restaking underscores the model's broken economics: yields fail to cover bridge, oracle and slashing risks.
Source: TokenPost