ether.fi Launches DeFi Banking Alternative with $26M First-Year Revenue
ether.fi Launches DeFi Banking Alternative with $26M First-Year Revenue
🏦 DeFi Bank Without the Bank
ether.fi has launched a comprehensive DeFi banking platform combining three core products:
- Stake: Liquid staking service with $19.5M revenue in 2024
- Liquid: DeFi strategy vaults generating $6.5M revenue
- Cash: New crypto spending and borrowing service launching today
The platform achieved $26M total revenue in its first year with $1.9M operating profit. It targets $65-96M revenue in 2025 and aims for $1B annual revenue within 3-4 years through non-custodial, decentralized financial services.
The roadmap includes a membership program and enhanced token utility through buybacks and governance.
Ether.fi Launches Refreshed Platform and Crypto Credit Cards
Ether.fi has unveiled its revamped platform with expanded financial services. The key updates include: - Full platform refresh focusing on crypto management - New save, grow, and spend features - Credit card program now fully operational - First 500 cards already in circulation - Additional card rollouts planned Users can access these services through [ether.fi](http://ether.fi) or specifically apply for the credit card at [ether.fi/cash](http://ether.fi/cash).
Token2049 Dubai Conference Keynote Announcement
**Token2049 Dubai** is approaching and our founder @MikeSilagadze will deliver a keynote presentation on *The Future of Consumer Applications on Ethereum*. - **Date**: Wednesday, April 30 - **Time**: 4:00 PM - **Location**: Dubai Visit our booth to learn about tokenized assets and connect with the #Chainlink team. Multiple presentations and workshops will be available for attendees. [Register for Token2049 Dubai](https://chain.link/token2049-dubai)
Swell Chain Announces $SWELL Token Rewards for $KING Holders
Swell Chain has announced a reward program for $KING token holders. Here are the key details: - Eligible users will receive 1000 $SWELL tokens - Qualification requires holding more than 0.00075 $KING - Users must have selected Swell chain for $KING claims before April 1 snapshot This initiative follows earlier announcements about incentives for $KING holders on the Swell Chain platform, demonstrating continued ecosystem development.
LiquidBeraBTC and LiquidBeraETH Vaults Launch Reward Program on Berachain
LiquidBeraBTC and LiquidBeraETH vaults are implementing a new reward system through Berachain's Proof of Liquidity: - Automatic rewards for vault depositors begin this week - Rewards sourced from weETH and eBTC liquidity pools - 2% management fee introduced April 2nd - Fee proceeds used to bribe pools and generate user rewards - Expected returns to exceed fee costs Vault features: - Multiple reward streams (Berachain, KodiakFi, Dolomite.io) - Auto-compounding yields - 90-day lock period post mainnet launch - Supports deposits in weETH, WETH, stETH, eBTC, wBTC, cbBTC, LBT