ether.fi

EtherFi's **Dine Different campaign** reached $480,000 in spending during its first week, with new users earning cashback rewards. **Key details:** - New users collectively spent over $480K in the campaign's opening week - Participants earned thousands in cashback rewards - Referral program offers 10% cashback on friends' spending through April This follows EtherFi's previous Ride & Dine campaign, which distributed over $80K in USDC rewards to users. [Learn more about EtherFi](http://ether.fi)

**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.

**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.*

**Ether.fi has confirmed that all its ETH vault products remain completely safe** following recent losses affecting yETH users. **Key Safety Updates:** - LiquidETH and all other ether.fi vault products have **zero exposure to yETH** - All user funds in ether.fi products are secure and unaffected - This follows previous assurances about vault security during recent DeFi pressures **Background Context:** The DeFi vault ecosystem has faced significant challenges in recent weeks, prompting user concerns about fund safety. Ether.fi has maintained its focus on conservative risk parameters and sustainable yield strategies. **Transparency Measures:** Users can verify vault status and exposure in real-time through the platform's monitoring tools at [ether.fi/app/liquid](https://www.ether.fi/app/liquid). This update reinforces ether.fi's commitment to user safety amid broader DeFi market volatility.

**Ether.fi Cash** now allows users to spend cryptocurrency in the real world with **zero fees**. The platform offers a unique value proposition: - **3% cashback** on every purchase - Keep crypto assets earning in **DeFi** while spending - No conversion fees from crypto to traditional payments The service has gained significant traction, driving **hundreds of thousands of new accounts** in just 6 months. This growth demonstrates strong demand for seamless crypto-to-real-world payment solutions. Meanwhile, Ether.fi continues expanding its **weETH** token across multiple ecosystems: - Now live on **Monad** blockchain - Available on **Tydro** lending platform - Integrated with **Ink** ecosystem The expansion strategy focuses on bringing institutional-grade liquidity and high rewards to emerging DeFi platforms. [Learn more about Ether.fi Cash](http://ether.fi/cash)

Ether.fi has enhanced its Cash product rewards program for November, deciding that their standard 3% cashback rate wasn't sufficient. **Key Features:** - Deposit options through FIAT and Liquid Vaults - Enhanced cashback rewards on spending - **Triple Dip** promotion running throughout November The platform encourages users to maximize returns by combining holdings rewards with spending cashback through their integrated approach. [Learn more about Triple Dip rewards](http://ether.fi/app/cash/promotion/triple-dip)

Ether.fi announces partnership with Scroll to launch Ether.fi Cash, a new Visa credit card with unique crypto features: - Up to 8% cash back on all purchases - $50 bonus cash back on first $1,000 spent - Apple Pay integration - Token2049 Singapore free pass for early cardholders - Uses Scroll's zk-Rollup technology for reduced gas fees - Allows crypto collateral for credit purchases - Automatic balance payments using native yields The partnership aims to bridge crypto with real-world transactions while offering competitive rewards. Card pre-orders available at [ether.fi/cash](https://app.ether.fi/cash).

Ether.fi is working to make DeFi more accessible to mainstream users, moving beyond its current niche status. The platform aims to compete with traditional finance by offering improved terms and conditions. Key developments: - Evolution from specialized DeFi tools to comprehensive financial platform - Focus on user-friendly experience - Direct competition with traditional financial services The platform builds on earlier DeFi innovations like perpetual DEX trading and synthetic assets, while prioritizing accessibility for non-technical users.