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EtherFi Cash adds 30+ new currency on- and off-ramps

EtherFi Cash added new on- and off-ramps supporting 30+ new currencies and payment methods as part of its 'EtherFi Summer' campaign. The expanded rails aim to broaden access for using the card and account across more markets.

EtherFi Cash relaunches as crypto neobank with Aave V4 backend

EtherFi Cash has launched the next generation of its crypto neobank across Web, iOS and Android. New features include tokenized stocks and metals trading and an integrated Aave V4 market on Optimism, letting cardholders borrow against their full portfolio.

EtherFi is deploying a dedicated Aave V4 instance on Optimism to power the card's credit backend, reporting $22M in active borrowing, a $500M lending capacity target by 2027, and 70K cardholders spending against their crypto without selling. Cardholders can borrow against PAXG, SPYx, WBTC, ETH and ETHFI, with more collateral types to come.

Some features, including tokenized stock and metal trading, are not available in the US and select markets. Partners named include Optimism, Aave, XStocksFi, Plume Network, Across Protocol, EnsoBuild, Paxos and others.

weETH gets 86% LTV markets on Steakhouse Finance and Morpho

weETH now has 86% LTV markets live on Steakhouse Finance Prime and Morpho Vaults. EtherFi detailed the security upgrades that were made to enable the higher loan-to-value markets.

weETH becomes pure LST as restaking moves to weETHs

EtherFi has moved all restaking exposure away from weETH, making it a pure liquid staking token (LST). Restaking now lives in weETHs, its liquid restaking token powered by Symbiotic.

The change gives one asset for staking and one for restaking, with no bundled risk.

EtherFi Liquid ETH launches on Ebunker

EtherFi's Liquid ETH vault is now live on Ebunker, with Ebunker acting as EtherFi's node operator partner. Users can deposit directly to the Liquid vault through the Ebunker interface.

The integration supports deposits in ETH, WETH, weETH and eETH.

EtherFi boosts Liquid RWA vault capacity by $10M

EtherFi increased its Liquid RWA vault capacity by $10M, now capped at $35M. The vault routes stablecoins into institutional-grade fixed income and credit instead of DeFi lending pools, powered by Plume Network.

The allocation includes:

  • BlackRock iShares AAA CLO ETF
  • Fidelity Total Bond ETF (FBND)
  • FalconX Global Credit Pool

Each EtherFi vault runs its own strategy matched to the underlying asset, with USD RWAs holding real-world credit and bond exposure.