weETH is the wrapped, ERC-20 compliant version of Ether.fi’s eETH, a liquid restaking token that tracks staked ETH while capturing additional yield from the EigenLayer restaking network. By converting eETH into a standard ERC-20 format, weETH enables seamless composability across DeFi protocols that require conventional token standards and cannot natively interact with Ether.fi’s native contract.
On Base, the token is primarily deployed in Aerodrome liquidity pools paired with WETH, maintaining a combined TVL of approximately $1.8 million. It also shows substantial activity in Pendle markets on Ethereum and Arbitrum, where its yield streams are actively fractionalized into principal and yield tokens, reflecting strong demand for structured yield products.
Operating with 18 decimals and a current price near $2,273 USD, weETH functions as a bridge between Ether.fi’s restaking ecosystem and broader liquidity markets, allowing capital to remain exposed to restaking rewards while participating in standard DeFi liquidity provision.