As restaking yields dried up and smart-contract risks mounted, Ethereum's top liquid restaking protocol walked away from its core business to build a crypto neobank instead. Ether.fi will sever its last structural tie to EigenLayer this quarter, leaving under 1% of assets restaked, and CEO Mike Silagadze says the exit came down to risk with no meaningful yield left in restaking. Restaking secures $10 billion but generated just $99,977 in fees over a week, while plain liquid staking earns r…
Why this update matters
This developing story is relevant for readers tracking cryptocurrency because it reflects fresh changes from the original source and signals where attention is shifting next.
Key details
The report was collected automatically and prepared for publication with a newsroom workflow that focuses on clarity, search visibility, and quick understanding.
Readers should review the original source for direct statements, official notices, and any later corrections or additions as the story evolves.
Related coverage
Continue reading with more reporting from the same topic cluster.