Ether.fi replenishment protocol said that it was planning to add banking services that will see it become a decentralized financial neobank (DEFI).
The Ether.Fi application will offer users the experience of a traditional fintech application, allowing them to spend, save and earn money through linked crypto features, including replenishment. The application will allow payments of invoices and payroll services using trustee funds.
“With Ether.fi, we fill the gap between decentralized finance and daily financial needs,” CEO Mike Silagadze said in a statement. “Our objective is to provide users with a robust and friendly platform that offers the advantages of DEFI without the complexities, which makes financial freedom accessible to all.”
One of the characteristics under the hood will be Ether.Fi Carnerston Repking, which gives investors the possibility of guaranteeing additional yield by punctuating the ether (ETH) and receiving liquid shyss (LST) which can be marked out through the DEFI ecosystem.
Last month, Coindesk reported how Ether.Fi was one of the few rehabilitation protocols that managed to keep the total locked value (TVL) despite the sector undergoing a catch -up in the mid -year of the past year.
It currently has 2.7 million ETH ($ 4.4 billion) on TVL, an almost high record in terms of ETH, according to Defilma.
Cash cards in the United States
In September, Ether.fi announced the release of its own “cash” Visa card, which would allow card holders to spend fiduciary currencies while using crypto as a guarantee.
This product, as well as the clearing service, are now available in the United States despite the two previously closed due to the regulatory requirements.
It will initially be available in certain states following a certain number of partnerships with local entities to ensure regulatory compliance.
