EtherFi Extends Dine Different Campaign Through May 15th
EtherFi Extends Dine Different Campaign Through May 15th
🍽️ Campaign extended
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.
EtherFi users have earned $30K+ in cashback rewards during the Dine Different campaign. Due to demand, we're extending Dine Different through May 15th. Invite your friends to earn 10% of their spend. New users get up to 15% cashback on groceries and dining. Learn how below ↓
🌉 ether.fi Deprecating weETH Bridges on 8 Chains
**ether.fi is consolidating its cross-chain infrastructure by deprecating weETH bridging on eight networks.** **Affected chains:** - Scroll - Swell - Bera - zkSync - Mode - Blast - Morph - Sonic **Key details:** - Bridging will be disabled at the end of June - Users holding weETH on these chains must bridge back to Ethereum or another supported chain before the deadline - The move aims to concentrate security resources on chains with higher activity and integration depth The protocol is prioritizing sustained usage over broad distribution. By reducing the number of supported chains, ether.fi can allocate security resources more effectively. **Action required:** If you hold weETH on any of the affected chains, bridge your assets before the end of June. [View full details](https://etherfi.gitbook.io/etherfi/getting-started/multichain-ecosystem/weeth-partial-bridge-deprecation)
🔒 EtherFi Cuts weETH Bridge Support Across 8 Chains
EtherFi is deprecating weETH bridging on eight chains by end of June 2026, following a recent security hardening initiative. **Affected chains:** - Scroll - Swell - Bera - zkSync - Mode - Blast - Morph - Sonic **Key details:** - Bridging will be disabled at the end of June - Users must bridge weETH back to Ethereum or another supported chain before the deadline - The move consolidates resources to chains with higher activity and integration depth **Context:** This follows a protocol-wide security review completed on April 23, which closed a latent risk proactively. No exploit occurred, but the team now has full control over security-relevant bridge parameters. The consolidation strategy mirrors broader industry trends, with projects like Allbridge also phasing out support for lower-activity chains to focus security resources more effectively.
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.
Developer Joins Open Gas Initiative Cohort
A developer announced their participation in the **initial Open Gas Initiative cohort**, expressing pride in being selected for this Ethereum-focused program. The Open Gas Initiative appears to be a new program aimed at addressing gas-related challenges on the Ethereum network. Being part of the initial cohort suggests this developer is among the first participants in what could be an important infrastructure development effort. This follows the developer's previous involvement in Ethereum-based projects, indicating continued commitment to the ecosystem's growth and optimization.