Ether.fi Cash Card Offers ETH Cashback Instead of Points
Ether.fi Cash Card Offers ETH Cashback Instead of Points
馃挸 ETH cashback arrives
Ether.fi has launched a crypto card that provides cashback rewards in ETH rather than traditional points.
Key Features:
- Up to 4% cashback paid in $ETH
- Direct cryptocurrency rewards on purchases
- Alternative to point-based crypto card programs
The card differentiates itself from competitors by offering native cryptocurrency rewards instead of converting purchases to points. Users can access the card through ether.fi.
This approach allows cardholders to accumulate ETH directly through everyday spending, potentially benefiting from any future appreciation in Ethereum's value.
Other crypto cards give you cashback in points. etherfi Cash gives you up to 4% cashback in $ETH. Just use etherfi.
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**Arbitrum stakeholders push forward with fund recovery despite legal obstacles** Multiple DeFi protocols including Aave, Ether.fi, KelpDAO, LayerZero, and Compound have submitted a governance proposal to release ETH frozen by Arbitrum's Security Council after the April 18 rsETH incident. **Key developments:** - Frozen funds would flow into **DeFi United**, a cross-protocol recovery initiative - Goal is to restore rsETH backing and remediate user losses - Legal threats claiming the ETH is "North Korean property" are expected to be dismissed - Proposal is now open for community review The coordinated effort represents a significant step toward resolving the rsETH incident, pending confirmation of commitments from participating protocols. [Read the full proposal](https://forum.arbitrum.foundation/t/constitutional-aip-approve-release-of-frozen-eth/30825)
weETH Proposed as Collateral in Steakhouse Prime Morpho Vaults
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馃帀 EtherFi Launches Affiliate Program
**EtherFi has opened its affiliate program to all users**, introducing new earning opportunities with tracking tools for referrals and rewards. **Key Features:** - Open to all users - simply create an EtherFi account to start - Built-in tools to monitor referrals and track rewards over time - Potential earnings up to six figures annually for active affiliates Get started at [ether.fi/affiliates](http://ether.fi/affiliates)
EtherFi Extends Dine Different Campaign Through May 15th
**EtherFi's Dine Different cashback campaign has been extended through May 15th due to strong user demand.** - Users have collectively earned over $30,000 in cashback rewards since the campaign launched - New users can earn up to 15% cashback on groceries and dining purchases - Existing users can earn 10% of their friends' spending through the referral program The campaign initially launched in early April and saw over $480K in spending during its first week alone.
Frax Finance Launches FRXUSD Stablecoin with Treasury Backing
**Frax Finance introduces FRXUSD**, a USD-pegged stablecoin maintaining a 1:1 dollar peg through overcollateralization. **Key features:** - Fully backed by tokenized U.S. Treasuries - Designed to share value with DeFi protocols rather than extract it - Aims to provide sustainable liquidity to partner platforms The protocol positions FRXUSD as a safer alternative to centralized stablecoins, emphasizing its treasury-backed structure and DeFi-friendly approach.