Ether.fi, an Ethereum liquid restaking protocol powered by EigenLayer, has raised $27 million across two funding rounds. The Series A round, co-led by Bullish Capital and CoinFund, raised $23 million and included participation from OKX Ventures, Foresight Ventures, Consensys, Amber, Selini, Draper Dragon, Arrington Capital, and Bankless Ventures. The protocol has experienced a 1,500% growth in value since the beginning of 2024, with over $1.6 billion in total value locked (TVL) and more than 71,000 unique wallets holding its restaked token eETH. Ether.fi enables investors to earn additional rewards on their staked ETH by restaking native ETH on the EigenLayer protocol in exchange for eETH, a liquid token that can earn further rewards in other DeFi protocols on Ethereum and participating Layer-2s.