Ether.fi Unveils Upgraded Neobank With Trading and Borrowing Features
TL;DR:
- Ether.fi launched the “Summer” update of its non-custodial neobank, adding trading of tokenized stocks and metals and loans via Aave.
- Users can borrow against their full portfolio at DeFi rates near 4% to spend with the ether.fi Cash card.
- The protocol adds on and off-ramps for more than 30 currencies and payment methods, including Apple Pay and Cash App.
Ether.fi launched the “Summer” update of its non-custodial neobank, offering in a single application trading of stocks and tokenized metals, loans against full portfolios through Aave, global fiat payments and programmatic buybacks of its ETHFI token.
The update allows users to acquire tokenized stocks and commodities through xStocks alongside cryptocurrencies, custody them in vaults with social recovery and borrow against their full portfolio at DeFi rates currently near 4%, using those funds on the Cash card or in transfers.
The next generation of the https://t.co/bGgztouB4r crypto neobank is live.
Earn, trade, borrow, spend. One app to replace your traditional bank.
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