Wrapped eETH · by ether.fi · ETH
weETH is ether.fi's non-rebasing liquid restaking token. ETH is staked through ether.fi and restaked via EigenLayer, earning both staking and restaking rewards while remaining liquid and composable across DeFi.
Spiral Stake supplies weETH as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more weETH — looping in a single transaction to amplify the underlying ETH Restaking yield. Because the assets are price-correlated, the position targets a higher APY rather than a directional bet, with every cost and liquidation threshold shown upfront.
Leveraged weETH yield is a strategy that loops weETH on the Morpho lending protocol to multiply your exposure to its ETH Restaking yield. Spiral Stake executes the whole loop in a single transaction.
weETH earns yield from ETH Restaking, issued by ether.fi. Looping amplifies that base yield.
Leveraged positions carry liquidation risk if collateral value falls relative to the borrowed asset, plus smart-contract and market risk. Every cost and liquidation threshold is shown before you confirm.
Live APY, leverage multiplier and available liquidity are shown in the app.