Ether.fi Exits Core Restaking as Sector Fees Dwindle

The numbers make the strategic logic plain: restaking has accumulated meaningful deposits but converts almost none of that into fees, so the model's economics never caught up with its TVL. Ether.fi's exit is less a verdict on restaking itself than on running it as a standalone business, and it puts pressure on the remaining liquid restaking protocols to justify their own fee take against rising smart-contract risk. Whether the neobank pivot attracts users who came for yield, and whether the restaking fee base stabilizes, are the open questions.