Ether.fi shifts non-custodial crypto card product to OP Mainnet from Scroll

Ether.fi is migrating its DeFi-native, non-custodial credit card product, ether.fi Cash, from Scroll to OP Mainnet over the coming months. This move will affect approximately 70,000 active cards and 300,000 accounts, transferring millions in user TVL to Optimism. Ether.fi Cash allows users to spend stablecoin balances or borrow against staked assets like eETH while earning yield, offering Visa-accepted cashback rewards. The migration to OP Mainnet is expected to provide increased liquidity, access to more assets for deposits/withdrawals, and better gas fee coverage. Ether.fi cards have become the dominant crypto-native payment card, largely driving transaction volume on Scroll. The company assures users that the transition will be seamless, leveraging Optimism's experience with ecosystem migrations.

(Source：The Block)