ether.fi

What ether.fi is

ether.fi is a liquid staking / liquid restaking protocol. Depending on the product, you may be holding a tokenized position that represents staked or restaked ETH exposure. In points farming, ether.fi often matters because:

• liquid staking and restaking are common “entry rails” into points ecosystems;
• incentives may reward holding, depositing, or using specific integrations over time;
• campaigns can involve multiple layers (token, wrapper, vault, chain).

The right mindset is safety-first. If a campaign is complex enough that you can’t explain the steps and risks, it’s complex enough to hurt you.

For the category overview, start with: Restaking points programs: common mechanics + risks.

What we track for ether.fi on DeFi Farmer

This protocol page is meant to keep you grounded in verifiable info:

• which programs we track and their timelines;
• official sources and safer link-outs;
• editorial notes and verification timestamps.

We avoid “alpha” and we don’t promise outcomes. Points programs change. Your job is to not get tricked or over-extend.

The common risk surfaces on liquid staking / restaking

Token and wrapper risk

You might see multiple tokens or wrappers representing related exposure. Each wrapper can change:

• liquidity and redemption conditions;
• smart contract dependencies;
• and where you carry risk (protocol contracts vs integrations vs bridges).

Operational risk (the farmer tax)

Most losses in points farming are not “market losses”; they’re operational:

• using the wrong site;
• signing the wrong approval;
• bridging to the wrong chain;
• confusing similarly named assets.

Before you do anything, review: Wallet hygiene for points farming and Token approvals and Permit2.

Timeline and snapshot risk

Many programs use snapshots. If you don’t track what you did and when, you can’t debug eligibility.

Use: Points program timelines and snapshots and Questing recordkeeping template.

What to verify before you assume you’re eligible

Liquid staking and restaking campaigns often have “hidden” rules that only show up in official docs or in-app UI:

• which token counts (base token vs wrapper vs vault share);
• whether a minimum holding period exists;
• whether certain networks or integrations are excluded;
• whether actions must happen before a snapshot cutoff.

If you can’t find rules in official sources, treat them as unknown. Don’t chase “community-reported multipliers” unless they are clearly documented.

How to think about “layers” in liquid staking/restaking

Points programs often talk about “depositing into ether.fi” as if it’s one action. In reality, many routes can exist:

• you can hold a base token;
• you can hold a wrapped token;
• you can hold a vault share that holds a token;
• you can bridge that position to another chain and hold a representation there.

Each extra layer can change:

• who the spender is (approvals);
• how you exit (redemption vs secondary-market sell);
• what the “real” underlying exposure is;
• and whether a campaign recognizes your position at all.

If you’re doing a points campaign, write down your route in one sentence. If you can’t describe it simply, it’s probably too complex for “points upside” to justify.

One practical habit: after each major action (deposit, wrap, bridge), save the tx hash and write a one-line note about what changed. When eligibility is disputed, your notes are more valuable than any guess about scoring.

If you want a quick safety reset before you continue, reread: Airdrop farming checklist.

A safer workflow for ether.fi-related campaigns

1. Start from official sources (use the Sources section on this page).
2. Identify the exact asset you will hold and what it represents.
3. Prefer simple over complex. If points require multiple risky steps, treat the campaign as risk-on.
4. Keep approvals tight and revoke old ones periodically.
5. Plan your exit before you enter. See: Points farming exit plan.

FAQ (ether.fi + points)

Do ether.fi points guarantee a token distribution?

No. Points are not a promise. Treat any payout assumptions as speculation.

Is liquid staking “risk-free”?

No. Liquid staking and restaking add smart contract risk and can add liquidity and integration risks. Risk is not optional; it is the trade-off.

How do I verify a campaign is real?

Use: How to verify a points program is real. Look for official UI evidence and dated announcements from official sources.

What’s the most common failure mode in liquid restaking campaigns?

People stack too many steps. They bridge to a new chain, swap into a new wrapper, approve multiple spenders, and then can’t unwind cleanly. If the only reason for the complexity is points, you’re taking real risk for uncertain upside.

Official references (primary sources)

• Website: ether.fi
• Docs: ether.fi docs (GitBook)
• X / Twitter: @ether_fi

Next steps

• Browse restaking programs: Restaking category
• Compare bridge routes if a campaign requires bridging: Bridge optimizer
• Browse all programs and filter by chain/category: Points directory