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High Tech Series A Founded 2022

ether.fi

ether.fi is a decentralized, non-custodial liquid restaking protocol that allows users to stake crypto assets while retaining control of their keys and earning rewards. The protocol offers liquid staking tokens including weETH (value-accruing restaked ETH), eBTC (rewards with restaked BTC), and eUSD (value-accruing restaked stablecoins), which are composable across over 400 DeFi integrations including Aave, Pendle,…

📍 George Town, Cayman Islands · Blockchain Infrastructure,

Funding snapshot

Last roundSeries A
Amount$20K
Date18 March 2024
Total raised$32M
Team size66

About

ether.fi is a decentralized, non-custodial liquid restaking protocol that allows users to stake crypto assets while retaining control of their keys and earning rewards. The protocol offers liquid staking tokens including weETH (value-accruing restaked ETH), eBTC (rewards with restaked BTC), and eUSD (value-accruing restaked stablecoins), which are composable across over 400 DeFi integrations including Aave, Pendle, and Gearbox. ether.fi’s platform includes Liquid vaults that auto-deploy assets to optimize earnings across DeFi protocols with auto-compounding rewards, a non-custodial cashback credit card accepted at over 100 million locations worldwide with 3% cashback and 0% FX fees, and membership tiers offering higher cashback, global transfers, personal IBAN access, travel perks, and borrowing capabilities. The protocol has $3.45 billion in TVL and weETH earned the first independent A+ risk rating in liquid restaking. ether.fi is built on Ethereum’s decentralized infrastructure with audits, bug bounties, and active defense mechanisms. Founded in 2022 and headquartered in George Town, Cayman Islands, the company has raised approximately $32.3 million in Series A funding. Investors include North Island Ventures, Chapter One, OKX, Consensys, Arrington Capital, CoinFund, Bullish, and White Star Capital.

Business model

Blockchain Infrastructure > Mining > Software > Pool Mining > Staking,

Cryptocurrencies > Mining > Pool Mining > Staking

Institutional investors

North Island Ventures Chapter One Node Capital SV Angel Arrington Capital Purpose Investments Version One Ventures Maelstrom CoinFund Bullish OKX Foresight Ventures Consensys Amber Group Selini Capital

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