Ether.fi is extending the long product line, which had been pledged in the form of an ephemeral formula, closer to the day-to-day financial use scene. The company disclosed that users could now trade in tokenized shares, precious metals and encrypted assets in their own hosting applications, and use warehouse hold as collateral for borrowing without having to sell the assets first.
Access to Aave and Optimism
The bulletin shows that this new feature is achieved through a decentrized loan agreement Aave deployed on Optimism. Users can lend assets in their application or on a portfolio basis and will borrow funds for transfer or consumption.
According to Mike Silagadze, founder and chief executive officer of Ether.fi, the first collateral assets supported included existing encrypted assets and some monetized shares, gold. Existing assets listed include Etheleum, Bitcoin, Hyperliquid and ETHFI, and will continue to expand the range of collateralable assets.
French accounts support 30 more currencies
The company also launched French-currency accounts to support global access. Ether.fi states that this service is open to users who have completed the authentication of their payment cards, and that the speed of receipt and withdrawal will vary depending on the manner in which it is performed.
According to the company, the new system of accounts would support more than 30 currencies and multiple modes of payment, with the goal of placing the management of assets, borrowing and the collection of French currency in the same application.
United States users do not support some assets for the time being
This addition of tokenized stocks and precious metals is not open to United States users. This means that there is still a clear distinction between relevant functions in terms of regional compliance, with the current availability being concentrated in markets outside the United States.
In addition to the asset and loan functions, Ether.fi announced that it would start the ETHFI automatic buy-back and provide a 3 per cent return for payment card consumption. According to the company, its platform already has more than 500,000 members, with annualized transactions running on a scale of approximately $2 billion.
Silagadze states that a combination of mortgages and monetized real-life assets has the opportunity to attract users who were not using DeFi. It is hoped that this will further expand the product from encrypted home-grown services to a broader picture of payments, borrowing and asset allocation.
Additional information:Another.fi, who had received more attention in the encrypted market as a result of re-collateralized and income products, joined a monetized stock and French currency account, showing that it was extending to financial applications on the integrated chain.