1/ EtherFi, @FalconXGlobal and @M11Credit have entered the first institutional restaking agreement in DeFi history. Together, we're bringing weETHs into the @capmoney_ protocol, unlocking real, sustainable interest for @symbioticfi ETH holders. Learn more below ↓

2/ Here's how it works: EtherFi delegates weETHs to underwrite M11C's credit at Cap. This allows M11C to borrow dollars from Cap's private credit platform, and M11C has set up a SPV to participate under FalconX's Structured Credit Facility. weETHs depositors receive a fixed rate on the loan that does not rely on inflationary emissions.

3/ A bit more on Cap: Cap is a covered credit platform built on Symbiotic. Dollar depositors provide capital that is lent to institutional borrowers. Symbiotic vault depositors like weETHs holders provide committed collateral that underwrites those loans. The interest Cap generates from lending flows back to vault depositors as yield.