Liquid Restaking Protocol Ether.Fi Raises $23M Series A
Summary
Ether.fi, a restaking protocol, raised $23 million in a Series A round led by Bullish Capital and CoinFund. The protocol's total value locked rose from $103 million to $1.66 billion. Restaking allows earning additional yield on staked ether, and the protocol offers eETH, a liquid token for DeFi. The rise in capital locked in restaking protocols is attributed to bullish investor sentiment. Ether.fi aims to empower users by allowing redemptions and not just speculative deposits, and it seeks to revolutionize restaking and fuel the Eigenlayer ecosystem's growth.
