ether.fi Cash credit backend moves to dedicated Aave V4 on OP Mainnet
The credit backend behind 70K+ ether.fi Cash cardholders is moving to a dedicated Aave V4 instance on OP Mainnet. Cardholders can now borrow against PAXG from Paxos, SPYx from XStocksFi, WBTC, ETH, and ETHFI without selling, with more collateral types expected as the integration expands.
The update coincides with the next generation of the ether.fi crypto neobank app, adding tokenized stocks and metals trading plus an integrated Aave market on Optimism that allows borrowing against a full portfolio.
Sources
- Collateral doesn’t have to sit still. With @aave V4 powering https://t.co/nzomG6wKs4 Cash on OP Mainnet, users can borrow against assets like tokenized metals without selling them. https://t.co/fo4vWpZPWz Quoting @aave: The @ether_fi Cash credit backend is now powered by Aave V4 on @Optimism. Cardholders can borrow against PAXG from @paxos, SPYx from @xStocksFi, WBTC, ETH, and ETHFI, with more coming soon as the integration expands. https://t.co/dwRVsy77pa Replying to their earlier post: @ether_fi gives users what traditional finance can’t: self-custody of their assets with access to DeFi rates. Add tokenized markets and global fiat rails, and https://t.co/nzomG6wKs4 Summer brings th…x.com ↗
- https://t.co/nzomG6wcCw summer in full effect. https://t.co/n0dKIGbPeR Quoting @ether_fi: The next generation of the https://t.co/bGgztouB4r crypto neobank is live. Earn, trade, borrow, spend. One app to replace your traditional bank. What’s new: → Tokenized stocks and metals trading → An integrated @Aave market on @Optimism, borrowing against your full portfolio https://t.co/Ft6D2eQmqXx.com ↗
- The credit backend behind 70K+ @ether_fi Cash cardholders is moving to a dedicated @aave V4 instance on OP Mainnet. https://t.co/9U6Y5QacDB https://t.co/sq5Mrhmax4 Quoting @jinglejamOP: https://t.co/VYqLNOORJpx.com ↗
