EtherFi's Liquid ETH vault is now available on Fordefi, letting treasuries and institutions deposit ETH directly from their Fordefi workspace into automated staking and lending strategies that put idle ETH to work.
EtherFi recapped the features shipped during its 'EtherFi Summer' campaign, covering tokenized stocks and metals trading via xStocksFi, a dedicated Aave market on Optimism that it says crossed $100M in its first week, Liquid Vaults now on Binance Wallet, the launch of EtherFi Borrow, and new on- and off-ramps supporting 30+ currencies. The recap ties together the relaunch of EtherFi Cash as a crypto neobank with its expanded trading, lending, and distribution reach.
EtherFi acknowledged reports of recent hacks affecting crypto neobanks and confirmed that its own EtherFi Cash platform is unaffected. The brief statement reassures users that their funds and the neobank service remain safe amid the wider incidents.
EtherFi has launched support for Pix, Brazil's instant payment system, on its Android app. Users can send and receive payments without leaving the app — scanning a QR code or entering a Pix key to send, and sharing a QR code or setting an amount to receive.
The rollout adds a local payment rail for Brazilian users of the EtherFi Cash account, alongside the card's existing on- and off-ramp options. The announcement also points users to a referral code program.
EtherFi's Liquid Vaults are now a distribution play on Binance Wallet, one of crypto's largest exchanges. Users can deposit into Liquid ETH, Liquid USD and Liquid BTC directly from inside the wallet without bridging assets or switching apps, putting the strategies within reach of a few hundred million more users.
EtherFi Cash launched Trade & Hold, letting users buy, sell, and hold crypto, stocks, and gold directly from their EtherFi Cash account, powered by xStocksFi. The feature puts portfolio management and card spending in one place.
EtherFi Cash has launched the next generation of its crypto neobank across Web, iOS and Android, adding tokenized stocks and metals trading and an integrated Aave V4 market on Optimism that lets 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.
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.
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.
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.
The ETHFI token launched on March 18, 2024, becoming claimable through Ether.fi's Airdrop Season 1 and listing on Binance after a four-day Launchpool farming period.
Liquid restaking protocol ether.fi raised $23 million in a Series A round led by Bullish Capital and CoinFund, with OKX Ventures, Foresight Ventures, and Consensys among participants.
Ether.fi fully launched its liquid staking token eETH on November 15, 2023, allowing anyone to mint eETH for ETH at a 1:1 ratio.
Ether.fi launched its mainnet on May 3, 2023, introducing delegated staking of ETH to whitelisted validators.
Non-custodial liquid staking protocol Ether.Fi raised a $5.3 million funding round co-led by North Island Ventures, Chapter One, and Node Capital.
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