What's happening at ether.fi

KPK, a noncustodial onchain asset manager with $200m+ under management, has allocated $25m+ to weETH as a core strategy asset. Inside the 65-point due diligence review weETH had to clear — and the ether.fi infrastructure that stood up to it.

weETH earned the first independent A+ risk rating in liquid restaking, weeks after we redeemed a fifth of TVL under industry-wide stress. Now the doctrine behind it is compiled into the contracts: non-custodial by construction, safety enforced in code, active defense measured in seconds.

When an exploit hits a DeFi protocol, the window to prevent loss is measured in seconds. ether.fi is built, end to end, to use them. How non-custodial design and active defense work together across four layers.

In 33 days, ether.fi redeemed 542,792 ETH, 19.6% of its TVL, during a market-wide rush for the exits. It did so without lengthening Ethereum's shared exit queue for anyone else. Here's how.

On April 18th, a forged cross-chain message released ~$292M in unbacked rsETH from Kelp DAO. No EtherFi systems were directly compromised, nor did EtherFi Liquid vaults have direct exposure to rsETH. Here's how.