Compound Finance Joins 12 Days of Hayes with Dual OP Token Rewards

**EtherFi has confirmed that its Liquid vaults remain unaffected by the recent Kelp rsETH incident**, with no drawdowns expected for users. **Key Points:** - Liquid vault funds are secure despite the ongoing Kelp rsETH situation - EtherFi has no direct exposure to Kelp rsETH - As a precautionary measure, LayerZero bridging for weETH and eETH remains paused - Deposits and withdrawals are temporarily halted for Liquid (ETH, BTC, USD), sETHFI, and eBTC products - Teller contracts have been paused to prevent LayerZero OFT bridging The protocol is working closely with security partners to monitor the situation and will provide additional details as the root cause of the Kelp incident becomes clear.

EtherFi has announced a **$3 billion commitment in $ETH** to partner with ETH Gas Official to create a forward market for Ethereum blockspace. **Key objectives:** - Provide validators with predictable revenue streams - Give institutions execution certainty for transactions - Strengthen Ethereum's infrastructure for institutional adoption The forward market mechanism would allow participants to purchase blockspace in advance, creating more stability for both validators and institutional users. This represents one of the largest commitments to Ethereum infrastructure development and signals growing institutional interest in reliable on-chain execution.

Ether.fi has completed its migration to OP Mainnet, bringing 70,000+ active cards, 300,000+ accounts, and $220M+ in TVL to Optimism's ecosystem. **Key Infrastructure Benefits:** - $0.00001 median transaction fees - Sub-250ms finality with Flashblocks - 99.99% uptime year to date - 20M gas/sec max throughput **What This Means:** Users can continue using Stake, Liquid, and Cash services without disruption. The migration positions ether.fi as one of the largest DeFi protocols on Optimism and marks a step toward mass-market adoption. **What's Next:** The move unlocks future features including increased cashback rewards, native stablecoin support, and deeper on-chain liquidity. [Read the full announcement](https://etherfi.medium.com/ether-fi-is-now-on-op-mainnet-37bbb301845e)

**EtherFi distinguishes itself from traditional neobanks by giving users direct control over their assets.** The platform aims to bridge the gap between digital assets and everyday financial use. **Key differentiators:** - Users maintain custody of their own assets - Focus on security and user experience - Integration of crypto assets into daily financial activities The approach emphasizes achieving Web2 parity before pursuing Web3 innovations, prioritizing practical usability over experimental features. [Read the full analysis](castle_labs article)

**ETH Gas Official has announced a partnership with EtherFi to subsidize gas fees for users who stake through their platform.** - Users staking with EtherFi will have their transaction costs covered by ETH Gas Official - This initiative aims to reduce the barrier to entry for Ethereum staking - The partnership follows a trend of platforms subsidizing gas fees to improve user experience This development makes staking more accessible by eliminating one of the main friction points - transaction costs. Similar initiatives have previously been seen with stablecoin transfers on platforms like Meson. *Consider exploring EtherFi's staking options if gas fees have been holding you back.*