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Ether.fi Cash reached 25 million USD in deposits just one month after its launch.
Ether.fi, the restaking protocol, has transitioned into the digital bank (neobank), announcing that the Ether.fi Cash product has attracted 25 million USD in user deposits just one month after launch. Of this, 3.8 million USD has been spent and 109,000 USD in cashback has been returned to users.
At the same time, Ether.fi also launched the Ether.Fi Hotels feature, allowing users to book luxury hotels worldwide using Ether.fi Cash, in collaboration with the Entravel platform, and offering a 5% cashback for each booking.