Wrapped eETH
Current price
$2,600.67
−5.45%24h
LiveUpdated 15s ago
TodayWrapped eETH drops 5.4%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour0.00%
- 24 hours−5.45%
- 7 days−8.81%
- 30 days−5.74%
- 1 year−38.81%
Wrapped eETH's move in context
Lagging the market today
−5.45% today against −3.24% for the market as a whole, a gap of 2.2 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−8.8% over 7 days and −5.7% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Wrapped eETH
Wrapped eETH (weETH)
Wrapped eETH (weETH) is a liquid staking token representing wrapped staked ETH (eETH), designed to enhance the usability of staked Ethereum assets within decentralized finance (DeFi) ecosystems. It originates from the Ether.fi and EigenLayer ecosystem and enables holders of staked ETH to interact with various DeFi protocols while still accruing staking rewards.
Technology and Purpose
weETH is a wrapped version of eETH, which itself is a liquid staking derivative. eETH represents ETH that is staked through Ether.fi, a non-custodial staking protocol integrated with EigenLayer's restaking infrastructure. weETH maintains a 1:1 representation of eETH through smart contracts and is designed to be compatible with various DeFi protocols, allowing for flexible asset use without forfeiting staking rewards.
The wrapping process involves locking eETH in a smart contract, which then mints an equivalent amount of weETH. This wrapped token can be used as collateral, for trading, in liquidity pools, or across other supported DeFi platforms.
Interoperability with DeFi
weETH is compatible with major DeFi protocols and applications, including lending platforms and decentralized exchanges. By offering a wrapped and standardized ERC-20 format, weETH can be integrated into automated market makers (AMMs), yield aggregators, and other financial primitives, enabling broader utility for staked ETH.
Security and Transparency
The weETH token is governed by smart contracts that are publicly verifiable on the Ethereum blockchain. These contracts are typically audited and developed by established teams within the Ethereum ecosystem. The wrapping and unwrapping mechanisms are designed to ensure a secure 1:1 relationship between eETH and weETH, though users must rely on the underlying protocol's staking mechanisms and withdrawal processes for full redemption to ETH.
Use Cases
Utilizing staked ETH in DeFi protocols without un-staking.
Providing liquidity in decentralized exchanges.
Accessing borrowing and lending platforms as collateral.
Participating in yield strategies while maintaining staking exposure.
Development Background
weETH was introduced in the context of EigenLayer and Ether.fi, two Ethereum-based protocols that enable liquid staking and restaking functionalities. eETH was launched by Ether.fi, and weETH was developed to extend eETH’s usability within the DeFi ecosystem. The creation of weETH aligns with a broader trend toward improving capital efficiency and composability of staking derivatives on Ethereum.
Limitations and Considerations
As with all liquid staking derivatives, users of weETH are subject to risks including smart contract vulnerabilities, slashing penalties from validators in the underlying staking protocol, and liquidity constraints during high-demand redemption periods. Redemption from weETH back to ETH involves first unwrapping to eETH, then following eETH’s withdrawal process, which may include queue-based delays.
Availability of Information
All technical details about weETH and its underlying infrastructure are publicly available through the documentation of Ether.fi and EigenLayer. As of now, the project is actively maintained and integrated into a growing number of DeFi applications on Ethereum.
Wrapped eETH market
- Position by market cap among the coins we track.
- #21
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $6.76B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $2,591.62High $2,771.83
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $5,312.00
- Now 49% of itReached 24 Aug 2025 · Needs +104% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 2.6M WEETH
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 2.65M WEETH
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Wrapped eETH converter
1 Wrapped eETH = $2,600.67
