Ether.fi Staked BTC Price

ether.fi Staked BTC (eBTC) is a cryptocurrency launched in 2024. It exists as a Bitcoin-backed liquid restaking token engineered for the Ethereum ecosystem, fusing Bitcoin’s deep liquidity with Ethereum’s composable yield infrastructure.

The asset directly addresses the chronic underutilization of Bitcoin capital in decentralized finance. Rather than letting BTC sit inert, eBTC wraps deposits of LBTC and WBTC into a single receipt token that simultaneously accrues staking and restaking rewards, eliminating the need for manual position management across multiple protocols.

It operates on the Ethereum network as a standard ERC-20 token. No separate consensus mechanism underpins eBTC itself; the token inherits Ethereum’s security model while relying on Babylon for native Bitcoin staking and a cascade of restaking layers to distribute additional incentives.

Every eBTC token conforms to the ERC-20 standard, enabling deep interoperability across Ethereum’s DeFi rails. Its contract lives at 0x657e8c867d8b37dcc18fa4caead9c45eb088c642, interactable via any Ethereum virtual machine-compatible wallet or smart contract. The token’s logic automates yield routing through EigenLayer, Symbiotic, and Karak without fragmenting the user’s position.

The token emerged from ether.fi, the same team behind a suite of liquid staking products, in partnership with Lombard. The protocol opened deposits in August 2024, immediately attracting capital looking to escape the opportunity cost of static Bitcoin holdings. Integration with Babylon’s Bitcoin staking network marked the first time a dual-yielding—native Bitcoin staking and multi-protocol restaking—product reached Ethereum mainnet.

The broader objective stretches beyond simple yield aggregation. eBTC recasts Bitcoin as programmable collateral capable of flowing into Ethereum’s restaking security markets, where it can underpin actively validated services and cross-chain infrastructure. That transforms the world’s largest crypto asset from a passive store of value into a productive financial primitive.

Mechanically, eBTC functions as a continuous reward-accruing receipt. When a user deposits LBTC or WBTC, the protocol mints eBTC to their address, and the token’s internal accounting reflects principal plus the blended yield harvested from Babylon staking emissions and restaking incentive streams without requiring the holder to claim or compound anything separately.

Supplying LBTC or WBTC begins the process. The minted eBTC then sits in the holder’s wallet silently accumulating value, but the token can also be lent on money markets, paired in liquidity pools, or deployed as collateral in lending protocols to layer on tertiary yield sources while the original stake keeps generating baseline returns.

ether.fi Staked BTC has a total supply of 1,039.86 tokens. Currently, 1,039.86 tokens are circulating. With a market capitalization of $80,536,511, ether.fi Staked BTC ranks #8,363 among all cryptocurrencies.