Wrapped eETH Price

Wrapped eETH ($weETH) is a unique digital token that represents Ethereum (ETH) deposited into a specific pool on the ether.fi platform, a decentralised, non-custodial staking protocol. When users engage with ether.fi and deposit their ETH, they receive eETH tokens in exchange. eETH can then be restaked within the protocol, allowing users to earn additional rewards.

The design of weETH as a wrapped, non-rebasing ERC-20 token enables holders to simultaneously earn native ETH staking rewards alongside EigenLayer Rewards and other rewards associated with various DeFi protocols. The intention behind creating weETH is to enrich the experience of Ethereum users, facilitating seamless interaction with DeFi applications while maintaining a focus on earning returns through staking.