ether.fi and Scroll have partnered to make Scroll the settlement layer of real world transactions for ether.fi Cash. ether.fi Cash will offer the highest cash back rewards of any crypto card globally!
Benefits for ether.fi Cash Users
1. Up to 8% Cash Back: As a token of appreciation to our loyal community — Pepes, Wojaks, Chads, and Whales — we are offering 3% Cash Back on all ether.fi Cash transactions, with no exceptions or restrictions. For those who pre-order ether.fi Cash, we are offering an additional $50 Cash Back on the first $1,000, providing an effective rate of 8% CASH BACK. Pre-orders will end September 20, 2024. Pre-order at https://app.ether.fi/cash
2. Credit Card, not a Debit Card: Unlike pre-loaded debit cards others offer, Cash is an actual credit card. You’ll have a physical credit card that will integrate into mobile payments providers, including Apple pay. Unlike pre-paid debit cards, your Cash card works for travel bookings, car rentals and anywhere else credit cards are accepted.
3. Free Ticket to Token2049 for Chad and Whale Cardholders: As a special bonus, Chad and Whale cardholders as of September 15 will receive a complimentary conference pass to Token2049 in Singapore. 👀
Why Scroll was Chosen
- Shared Vision: Connecting crypto to actual real-world use cases means building a more accessible and scalable ecosystem. Scroll’s design aligns with an ongoing commitment to scale Ethereum’s capabilities.
- Focus on Efficiency: Scroll’s zk-Rollup technology drastically reduces gas fees, enabling ether.fi to offer gasless transactions for Cash cardholders.
- Lending and Borrowing Market: This partnership will also enable us to introduce an efficient and secure lending and borrowing market for ether.fi Cash. Unlike pre-loaded debit cards others offer, Cash is a genuine credit card–you’ll be able to use your crypto as collateral, borrow against it to make purchases with your card, and automatically pay the balance off with native yields. Whether it’s a coffee, a hotel stay, or a flight, you can hold onto your crypto while leveraging it to do more than ever before.
The Future of ether.fi Cash
Our decision to build on Scroll as the settlement solution for ether.fi Cash transactions is a substantial milestone in our journey. Through this collaboration we are able to offer our users a faster, cheaper, and more rewarding onchain meets real-world experience. Whether you’re a seasoned crypto degen or new to the space, ether.fi Cash is designed to meet your needs and exceed your expectations. A detailed technical write-up will be published soon, outlining how ether.fi Cash transactions will be processed on Scroll, the role of zk-Rollups in enhancing scalability, and the integration of LayerZero for cross-chain interoperability.
Stay tuned for more updates as we continue to build and innovate within the ether.fi ecosystem.
Together with Scroll, we are fusing onchain activities and real-world crypto usage; making Web3 more accessible and rewarding for everyone.
Read more about ether.fi Cash in our docs: https://etherfi.gitbook.io/etherfi/cash
