This Crypto Bank Actually Thinks You Can Have Your Cake and Stake It Too

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So, here’s the gist:

  • Ether.fi, that cheeky restaking wizard, decided traditional banks look too boring—so now it’s a neobank. Yep, pretending it’s one of *those* fintech apps but with crypto glitter on top.
  • They’re launching staking and a “cash” card for U.S. folks because why not let you juggle fiat and crypto like an absolute financial circus performer? 🤹‍♂️
  • Oh, and they’ve got 2.7 million ETH locked up—meaning they’re basically guarding $4.4 billion like it’s their mum’s secret cookie stash. 🍪💰

Ether.fi, known for convincing people restaking isn’t as complicated as assembling IKEA flatpacks, now wants to play bank—minus the stuffy suits and those dreadful waiting lines. Because who needs that, honestly?

The shiny new ether.fi app aims to fool you into thinking you’re using a regular boring fintech tool while secretly letting you throw your crypto tokens around like confetti. You can spend, save, and earn in a neat, deceptively simple interface, complete with bill payments and payroll in classic fiat – all the things your regular bank does but, like, cooler and with less soul-crushing paperwork.

CEO Mike Silagadze sweet-talked us with, “We’re bridging the gap between DeFi and your actual life, without making you feel like you need a PhD in blockchain.” Translation: fewer headaches, more cha-ching.

The secret sauce? Their star restaking product. Stake your precious ETH, collect liquid staking tokens (because just one isn’t enough) and then stake those again across the DeFi playground, all while probably grilling yourself over how this doesn’t feel like financial witchcraft. 🧙‍♂️✨

Despite the usual crypto rollercoaster that left many projects scraping the floor, Ether.fi’s total value locked is somehow playing hard to get, hovering at a near record 2.7 million ETH—oh, the stubborn optimism of blockchain!

Cash cards, but for humans in the U.S.

In a classic “hold my beer” moment, Ether.fi unleashed a Visa “Cash” card in September. Use your fiat, secure it with crypto, and spend like you’re still in a world governed by credit scores and the DMV.

This magic card, previously hidden behind regulatory velvet ropes, is now available stateside. Though, don’t get too excited if you’re not in the chosen states yet—they did sign a few local pals to keep the compliance overlords happy. 🎟️🛡️

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2025-04-24 16:37