Buy Crypto
Markets
Spot
Futures
Earn
Promotion
More
reward-centerNewcomer Zone
Feed HomeFlash details
EtherFi Cash has deployed a dedicated Aave V4 instance on the Optimism chain to support the credit card backend
  • AAVE0%
  • OP0%

BlockBeats News, August 13th, ether.fi announced that the existing lending infrastructure of EtherFi Cash is no longer able to meet its development needs. They are deploying a dedicated Aave V4 instance on the Optimism chain to support the credit card backend. EtherFi Cash currently has an active borrowing amount of $22 million. By 2027, the lending capacity will reach $500 million. There are already 70,000 cardholders using cryptocurrency for spending without selling their cryptocurrency.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Hot
  • Coins
    Price
    24H Change