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Crypto Almanac Daily
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Liquid Restaking

ether.fi Stake

Best for independently tracked protocol

Total value locked:$3,321m at this checkChains:3Audits recorded:0Audit report linked:Not foundRubric:v2.0 · verified 9 Aug 2026
Kayla PetersonKayla PetersonDeFi Research Analyst· Last verified August 9, 2026
Confidence ARubric v2.0Verified August 9, 2026
6.1
out of 10
Open account
Scorecard

How it rates

Counterparty & contract risk · 35%4.0
Cost transparency · 20%7.0
Market quality · 15%10.0
Transparency & track record · 20%6.0
Public documentation surface · 10%6.0
Pros
  • TVL of $3,321m recorded independently
Cons
  • No audit report linked in the public dataset at this check
  • No accounting methodology published at this check
How this score was built

Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.

Counterparty & contract risk · 35% weight4/10 points · 4.0/10
Cost transparency · 20% weight7/10 points · 7.0/10
Market quality · 15% weight10/10 points · 10.0/10
Transparency & track record · 20% weight6/10 points · 6.0/10
Public documentation surface · 10% weight6/10 points · 6.0/10

The largest liquid restaking protocol by value, holding $3.32bn across three chains with no audit report retrievable at a public address.

Our assessment

ether.fi holds $3.32bn across three chains, more than three times any other restaking protocol in this comparison, and scores 6.1. No audit report was retrievable at a public address at this check, and in a category this young that gap is the dominant fact.

Market leadership in an unproven category

ether.fi won the restaking market through aggressive incentives, an integrated product suite and early positioning. Being largest confers real advantages — the deepest secondary liquidity, the widest integrations, the most attention on any problem. None of those substitute for a published review of the contracts holding $3.32bn.

Restaking's risks are still theoretical, which is the problem

No major restaking protocol has yet been through a significant slashing event on a secured service. The mechanisms for handling one — how losses are allocated, how quickly, to whom — exist on paper. The largest position in a category whose central risk has never materialised is a specific kind of exposure.

What the score would need

Publishing audit reports at stable public addresses, with documented slashing-loss allocation and incident history, would move this into the top group immediately. The size and the integrations are already there.

Who it suits

ether.fi fits users who need the deepest restaking liquidity and have formed their own view on unaudited contracts. Users who want published review should use Kelp, which is the best-documented protocol in this category.

Reference

Frequently asked

Does this score mean ether.fi Stake is safe?

No. It measures what an outsider can verify: linked audits, published methodology and independently recorded market data. Contract risk is not tested by us.

Where do the TVL and audit figures come from?

A public analytics dataset queried at the verification date, plus the audit reports it links. Both are re-runnable by anyone.

Why do some protocols score zero on audits?

Because no audit report is linked in the public record. The indicator records what a user can reach, not a claim that no audit exists.