weETH Now Available as Full Collateral on SparkLend
weETH Now Available as Full Collateral on SparkLend
🔓 weETH Breaks Free
SparkLend has expanded weETH functionality beyond stablecoin borrowing. Users can now:
- Use weETH as full collateral (no longer in isolation mode)
- Borrow stablecoins, ETH, and other supported assets
- Access increased borrowing capacity at scale
The update follows a MakerDAO approved proposal, enabling broader lending options with transparent rates on the SparkLend platform.
Visit app.spark.fi/borrow to start using weETH as collateral.
🚨 BIG news weETH can now be used to borrow stables, ETH, and other crypto on @sparkdotfi!
weETH can now be fully used as collateral to borrow other assets beyond stablecoins on SparkLend! • Supply @ether_fi’s weETH. • Borrow stablecoins, ETH, or any other available asset you want. No longer in isolation mode. Greater capacity to borrow, at scale.
EtherFi Enables Cross-Chain Stablecoin Deposits from Solana and Tron
EtherFi now supports direct stablecoin deposits from Solana and Tron networks with zero fees and 1:1 transfers. **Supported Assets:** - USDC from Solana (received on Base) - USDT from Tron (received on Ethereum) **How to Deposit:** 1. Navigate to the Vault page and click "Add Funds" 2. Select "Crypto" and click "Share your deposit address" 3. Choose either USDC (Solana) or USDT (Tron) The feature eliminates traditional bridging fees and simplifies cross-chain transfers for users holding stablecoins on alternative networks. Deposits are processed at face value without conversion costs. Users can access the feature at [ether.fi/app/cash/safe](http://ether.fi/app/cash/safe).
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.
Ether.fi Launches Travel Booking Platform with 10% Cashback Rewards
**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.
Ether.fi Users Spend $2.21M in Single Day During Cashmas Promotion
**Ether.fi's cash spending reaches $2.21 million in one day** during their "Cashmas" promotion campaign. The platform is offering a **10% cashback referral program** where users can: - Refer friends to earn 10% back on their spending - Split 20% cashback between referrer and new user - Participate through their cash promotion portal The high spending volume demonstrates strong user engagement with the holiday-themed cashback incentive program. Users can access the promotion at [ether.fi/app/cash/promotion/cashmas](https://www.ether.fi/app/cash/promotion/cashmas). *Take advantage of the Cashmas promotion to earn cashback on referrals.*