Deep Dive
1. Staking and liquidity
ether.fi began as a non-custodial liquid staking and restaking protocol. Liquid staking lets users stake ETH and receive a token representing their position, which may remain usable in decentralized finance (DeFi) rather than being locked away. The project has also expanded beyond staking into other financial products. (ether.fi listing overview, The Defiant)
ETHFI is ether.fi’s token, associated with governance—community participation in protocol decisions. It is distinct from ETH, the asset users stake on Ethereum. The platform’s newer offerings include portfolio-backed borrowing, payment features and tokenized equities; on November 12, 2026, ether.fi added native xStocks minting and redemption on OP Mainnet. (CMC Community, TokenPost)
Conclusion
ether.fi combines Ethereum staking with a broader self-custody financial app, and ETHFI is its governance token. How will the project balance its staking roots with its expanding financial services?
