EtherFi contributed the following description of EtherFi:

EtherFi is a decentralized, non-custodial liquid restaking protocol built on Ethereum, allowing users to stake their Ethereum and participate in the DeFI ecosystem without losing liquidity. The protocols eETH is a liquid restaking token, serving as a representation of ETH staked on the Beacon Chain, which rebases daily to reflect the associated staking rewards.

Zellic conducted a security assessment for EtherFi from February 29th to March 11th, 2024. During this engagement, Zellic reviewed EtherFi's code for security vulnerabilities, design issues, and general weaknesses in security posture.