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.

**Frax USD ($FRXUSD) is now live on Scroll Network**, expanding the stablecoin's reach to the Layer 2 zkRollup ecosystem. **Key features:** - Users can mint $FRXUSD directly on [Scroll Network](https://scroll.io) - Integration with EtherFi enables everyday payment functionality - Brings Frax's stablecoin infrastructure to Scroll's zkRollup scaling solution This deployment marks another step in Frax's multi-chain expansion strategy, offering users lower transaction costs and faster settlement times through Scroll's Layer 2 technology.

Ether.fi has launched a crypto cash card that provides up to 4% cashback in ETH, differentiating itself from competitors that offer rewards in points. **Key Features:** - Direct ETH rewards instead of traditional points systems - Up to 4% cashback rate on purchases - Additional ETHFI token rewards available (0.015 ETHFI per dollar spent) - Over 200,000 ETHFI tokens allocated for bonus cashback The card aims to provide crypto holders with a practical way to earn digital assets through everyday spending. Users can sign up at [ether.fi/app/cash/signup](http://ether.fi/app/cash/signup). This represents a shift in crypto card offerings, moving away from point-based systems toward direct cryptocurrency rewards.

A new mortgage platform has launched that allows borrowers to use cryptocurrency as collateral for home loans, powered by ether.fi's infrastructure. **Key Details:** - Borrowers can secure mortgages using crypto assets like Bitcoin or Ethereum without selling their holdings - Ether.fi provides the underlying technology and custody solutions - The platform follows a standard process: lender selection, crypto custody, property appraisal, and loan approval **Why It Matters:** This development bridges traditional real estate financing with digital assets, offering crypto holders a way to access liquidity for major purchases while maintaining their investment positions. The partnership with ether.fi suggests institutional-grade security and custody standards are being applied to this emerging financial product category.

**Triple Dip rewards are officially claimable** as of February 2, 2026. **Key Details:** - Eligible users can now visit the official website to claim their rewards - This follows previous reminders about reward availability from October 2025 **What You Need to Do:** - Navigate to the Triple Dip website - Check your eligibility status - Complete the claim process for your rewards If you were part of the Triple Dip program, now is the time to collect what you've earned.

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)