馃捀 EtherFi Eliminates Foreign Exchange Fees on European Transactions
馃捀 EtherFi Eliminates Foreign Exchange Fees on European Transactions
馃彟 Your bank's vacation tax
Traditional banks charge 1% fees on every transaction during international travel - from flights and hotels to coffee and croissants. These fees compound across an entire trip.
EtherFi's solution:
- 0% foreign exchange fees on EUR transactions
- Eliminates the hidden costs that banks profit from
- Avoids the 5-6% FX markup often applied by point-of-sale terminals
Key takeaway: Always select local currency at payment terminals rather than letting them convert, as terminal conversion rates can be significantly worse than standard bank fees.
EtherFi's card offers a practical alternative to traditional banking fees for crypto users traveling internationally.
1% on the flight 1% on the hotel 1% on the Uber 1% on the dinner 1% on the wine 1% on the second bottle 1% on the croissant the next morning 1% on the coffee to recover Your bank made money on your entire Europe trip EtherFi: 0% FX on EUR
馃ォ Steakhouse Prime Vault Boosts Collateral Efficiency on Morpho
**Steakhouse Prime USDC Vault** on Morpho now offers improved collateral efficiency, allowing users to maximize returns in a conservative DeFi environment. **Key Updates:** - weETH markets now support **86% loan-to-value (LTV)** ratios on Steakhouse Prime vaults - Enhanced security measures implemented to support higher LTV thresholds - Available on [Morpho Base](https://app.morpho.org/base/vault/0xBEEFE94c8aD530842bfE7d8B397938fFc1cb83b2/steakhouse-prime-usdc?tab=vault#allocation) The upgrade follows security improvements detailed in [ether.fi's hardening documentation](https://ether.fi/blog/hardening-weeth-creating-the-market-standard#why-harden-weeth), establishing weETH as a more robust collateral option. This development builds on Steakhouse's V2 Vault launch earlier this year, which introduced higher yields and DAM rewards while maintaining the same collateral options.
Ether.fi Announces Phase 2 Protocol Upgrades Across Five Key Areas
Ether.fi has unveiled **Phase 2** of its protocol development, introducing thirteen upgrades distributed across five core areas. The upgrades focus on **hardening weETH** and establishing it as the market standard for liquid staking tokens. This follows broader industry efforts to strengthen Ethereum infrastructure and security. Key improvements target: - Protocol security enhancements - Market positioning for weETH - Infrastructure optimization - User experience refinements - Ecosystem integration Full technical details and implementation roadmap: [ether.fi/blog/hardening-weeth-creating-the-market-standard](https://ether.fi/blog/hardening-weeth-creating-the-market-standard)
馃攼 Governance Upgrade Extends Timelocks for Depositor Protection
A governance upgrade introduces three key transparency measures: - **Extended timelocks** allow depositors to review and respond to proposed changes before implementation - **Upgrade signing authority** transferred to independent entities, reducing centralization - **Slashing registration** now publicly visible with time delays through the upgrade timelock These changes build on the ecosystem's 2024 shift toward decentralized governance, giving stakeholders more visibility and reaction time to protocol modifications.
馃ォ Steakhouse's trust-minimizing framework
Steakhouse Finance has developed a rigorous risk framework focused on reducing depositor reliance on operators. The framework operates across three distinct phases: - **Prime tier**: Blue-chip collateral with highest safety standards - **High yield tier**: Exotic assets with transparent risk profiles The approach emphasizes transparency over risk elimination, giving depositors clear frameworks to make informed decisions. This hardening process represents some of the most stringent standards in DeFi vault management.