🤝 EtherFi Launches Open Affiliate Program

A platform successfully migrated $220 million in assets and 70,000 cards to OP Mainnet without any service interruptions. **Key improvements for users:** - Transaction fees reduced to $0.00001 median cost - Sub-250ms finality with Flashblocks technology - 99.99% uptime maintained year to date - Maximum throughput of 20M gas per second The migration delivers a faster, more cost-effective experience while maintaining operational stability. This infrastructure upgrade positions the platform for mass-market adoption while keeping users in control of their finances.

Ether.fi has launched a new **EURC Liquid vault** that allows users to earn yield on their Euros onchain. The platform partnered with **K3 Capital** and **MidasRWA** to provide the yield-generating service. K3 Capital runs the strategy while Midas serves as the vault wrapper. The vault is now live on **OP Mainnet**, making it accessible to users who want to put their Euro stablecoins to work. - Users can start earning immediately through the platform - The service brings traditional Euro yield opportunities onchain - Available at [ether.fi/app/cash/earn](http://ether.fi/app/cash/earn) This launch expands DeFi yield options beyond dollar-denominated stablecoins, offering European users and Euro holders a new way to generate returns on their digital assets.

**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.

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.

**Ether.fi has expanded into travel booking** with a new platform at travel.ether.fi offering competitive rates for holiday destinations. **Key features:** - 10% cashback on bookings - Claims to offer the cheapest rates available - Research-backed pricing verification This builds on their existing hotel booking service that previously offered 5% cashback through their mobile app. Users could book directly through the Ether.fi app after joining their Club program. **The travel platform represents Ether.fi's continued expansion** beyond traditional DeFi services into consumer-facing products with crypto rewards integration.