ether.fi Unveils Revolutionary Crypto Neobank with Integrated Features
ether.fi has released its next-generation crypto neobank, promising to revolutionize traditional banking. The platform's Summer release brings together saving, earning, trading, borrowing, and spending in a single, integrated experience.
The new version of the app allows users to trade tokenized stocks, metals, and crypto assets directly within the app, with an integrated Aave market enabling lending and borrowing against their entire portfolio. The platform also includes new fiat rails for sending and receiving money globally, including through named accounts.
ether.fi's CEO, Mike Silagadze, said that the goal of the platform is to replace traditional banks for most users, offering tools and benefits previously available only to institutions and high-net-worth individuals. The platform currently has over 500,000 members and a $2 billion annual transaction run-rate.
The release also introduces programmatic ETHFI token buybacks from every product and revenue line built into the protocol contracts.