ether.fi announces that EtherFi Cash is deploying a dedicated Aave V4 instance on the Optimism chain to support its credit card backend. EtherFi Cash currently has $22 million in active borrowing, with projected lending capacity of $500 million by 2027, and is used by 70,000 cardholders for cryptocurrency spending.
EtherFi Cash Deploys Aave V4 on Optimism to Support Credit Card Backend
AiCoinShare
Summary
EtherFi Cash is launching a custom Aave V4 deployment on Optimism to power its credit card backend, according to on-chain news from AiCoin. The platform currently has $22 million in active borrowing and aims to reach $500 million in lending capacity by 2027. Over 70,000 cardholders are already using the service for daily crypto spending, underscoring continued momentum in cryptocurrency news.
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