CandleFocus Restaking Protocol Ether.fi Selects Scroll as Layer-2 Network for Settlement
2024-09-09
Author: Content Editor
Ether.fi, a restaking firm, has announced that it will be launching a credit card called ether.fi Cash, using Scroll's zero-knowledge technology for settlement. The card will allow users to use crypto as collateral and borrow against it for purchases, which will be automatically paid off with native yields. The card transactions will be "gasless," meaning no fees will be charged, thanks to Scroll's zk-rollup technology. Ether.fi CEO, Mike Silagadze, believes that the card will bring significant value to Scroll and make it the leading layer-2 network. Despite outflows across the sector, TVL on Ether.fi has increased over the past month.
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