ether.fi

ether.fi is a non-custodial, Ethereum-based DeFi platform that lets you stake crypto, earn auto-compounded yield, and spend via a fully-featured cashback credit card. It offers liquid staking tokens like weETH, eBTC, and eUSD, a membership account with 5%+ APY, and a card accepted at over 100 million locations.

What is ether.fi?

ether.fi is a decentralized finance platform combining staking, restaking, and everyday spending. You deposit crypto assets, and the platform deploys them into strategy vaults that earn rewards; it also issues a non-custodial credit card for spending those assets. Built on Ethereum and open-sourced on GitHub, it currently holds over $3.42 billion in TVL within its staking products.

What makes ether.fi stand out?

• Non-custodial cashback card — a DeFi-native card with 3% cashback on all purchases, 0% FX fees on EUR and USD, no credit checks, and Apple Pay/Google Pay support.

• Liquid restaking vaults — automated vaults for ETH, BTC, and stablecoins that auto-balance and auto-compound rewards; they support the top DeFi protocols.

• High staking yields — current stake rewards of 2.45% and liquid rewards of 7%, with optional coverage from Nexus Mutual.

• Membership benefits — tiered accounts raise cashback, provide personal IBAN access in USD or EUR, include travel lounge and concierge perks, and pay 5%+ APY on balances.

• Open source and audited — smart contracts are on GitHub, with audits from Certik, Certora, Hats Finance, Nethermind, Omniscia, and Solidified, plus an Immunefi bug bounty.

• Deep DeFi integrations — weETH and eBTC are used on Aave ($5B+ TVL), Pendle ($10M+ TVL), and Gearbox ($2M+ TVL) for lending, fixed yield, and leveraged farming.

Who is it for?

• Crypto earners: stake ETH, BTC, or stablecoins and earn auto-compounded rewards without managing validators.

• DeFi power users: use liquid staking tokens as collateral in lending, fixed yield, and leverage protocols.

• Everyday spenders: get a crypto-backed card with cashback and no credit checks, usable worldwide.

What can you do with ether.fi?

• Stake and grow: deposit assets into Liquid vaults to earn compounding rewards; withdraw or transfer strategies at any time.

• Borrow and spend: hold assets in the membership account, borrow against them instead of selling, and spend directly with the card.

• Integrate with DeFi: use weETH or eBTC on platforms like Aave, Pendle, and Gearbox to lend, earn fixed yield, or leverage farm.

How does ether.fi work?

The Liquid vaults follow a three-step workflow: deposit assets, auto-balance, and earn rewards. After you deposit, the vault automatically allocates funds to optimize earnings across the best protocols. Rewards are auto-compounded, and you can withdraw or transfer to another vault with ease. The credit card is funded via bank transfer or crypto and operates like a standard card.

FAQ

Is ether.fi free to use?

The platform does not list explicit pricing, but membership tiers are available. The page shows rewards and cashback, suggesting a freemium model; however, you should check the terms for card issuance and any fees.

Does ether.fi have a credit card?

Yes, the ether.fi Cash card is a non-custodial card offering 3% cashback, 0% FX fees on EUR/USD transactions, and acceptance at over 100 million locations. It works with Apple Pay and Google Pay and requires no credit check.

What are the staking rewards on ether.fi?

The homepage displays 2.45% stake rewards and 7% liquid rewards. Assets like weETH (restaked ETH) and eBTC (restaked BTC) have millions in TVL. Rewards are auto-compounded in the Liquid vaults.

Is ether.fi open source?

Yes, the protocol's smart contracts are open sourced on GitHub. Audits have been performed by Certik, Certora, Hats Finance, Nethermind, Omniscia, and Solidified, and there's an active bug bounty on Immunefi.

Is the ether.fi Cash card affiliated with the protocol?

No — the card is not affiliated with the ether.fi protocol and is issued under separate terms by the Issuer. The page clearly states this distinction, so card features and terms may differ from the staking platform.