Ether.fi will dissolve its final structural relationship with EigenLayer this quarter, with heavily pledged assets accounting for less than 1%
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Odaily Planet Daily News The liquidity staking protocol Ether.fi will remove the last structural link with EigenLayer this quarter, and its heavily pledged assets will account for less than 1% by then. CEO Mike Silagadze stated that the reason for exiting was that the risk of heavy pledging still existed and there was no substantial benefit.
Heavy pledge currently protects US$10 billion in assets, but only generates US$99,977 in handling fees per week; calculated on a per dollar basis of protected assets, the income from ordinary liquidity staking is approximately 53 times that. The top five remaining liquid heavily collateralized tokens had a combined gross profit of $953,400 last quarter, down from $2.18 million three quarters ago. (CoinDesk)
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