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TLDR Ether.fi is migrating its Ether.fi Cash product to Optimism’s OP Mainnet to improve liquidity and ecosystem integration. The migration will involve 70,000 TLDR Ether.fi is migrating its Ether.fi Cash product to Optimism’s OP Mainnet to improve liquidity and ecosystem integration. The migration will involve 70,000

Ether.fi Transitions Crypto Card Product from Scroll to Optimism Mainnet

Author: Coincentral
Source: Coincentral
2026/02/19 20:58
3 min read
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OP$0.1278-0.38%
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TLDR

  • Ether.fi is migrating its Ether.fi Cash product to Optimism’s OP Mainnet to improve liquidity and ecosystem integration.
  • The migration will involve 70,000 active cards, 300,000 accounts, and millions in user TVL.
  • Ether.fi Cash allows users to spend stablecoin balances or borrow staked assets like eETH while earning yield.
  • The shift to Optimism will enhance liquidity for swaps and offer more asset options for deposits and withdrawals.
  • Ether.fi Cash will move from the Scroll blockchain to Optimism to access a larger DeFi ecosystem and improved gas fee coverage.

Ether.fi, the company behind a DeFi-native credit card product, has announced it will migrate its Ether.fi Cash product to Optimism’s OP Mainnet. This move, expected over the coming months, will see approximately 70,000 active cards, 300,000 accounts, and millions in user TVL transitioning. The migration is part of a broader strategy to enhance liquidity and integration within the Optimism ecosystem.

Ether.fi, initially focused on asset restaking, ventured into creating Ether.fi Cash in 2024. The product allows users to spend their stablecoin balances directly or borrow staked assets like eETH for spending while earning yield. In addition to offering a non-custodial solution, Ether.fi Cash provides cashback rewards and can be used anywhere Visa is accepted.

Migration to Optimism’s OP Mainnet

Ether.fi’s decision to move Ether.fi Cash to Optimism comes as part of its strategy to tap into a larger DeFi ecosystem. With this migration, Ether.fi aims to offer better liquidity for swaps, more asset options for deposits and withdrawals, and the ability to cover gas fees. “Optimism has supported major ecosystem migrations in the past, and provides a secure and robust process designed to avoid disruption,” Ether.fi stated.

Ether.fi Cash has built a solid presence in the crypto-native payment card space, accounting for nearly half of all crypto transactions. The shift to Optimism’s OP Mainnet is expected to further enhance this standing, benefiting from Optimism’s larger user base and liquidity. The OP Stack, which powers the OP Mainnet, processed 3.6 billion transactions in the second half of 2025, representing 13% of the crypto market’s total transactions.

Ether.fi Expands Beyond Scroll Blockchain

The migration to Optimism will mark Ether.fi Cash’s departure from Scroll, a ZK-powered Ethereum Layer 2 blockchain. Scroll had been a major player in the crypto card space, with Ether.fi playing a key role in this success. However, by moving to Optimism, Ether.fi aims to capitalize on the enhanced liquidity and broader asset access offered by the OP Stack.

Ether.fi’s core restaking protocol has traditionally operated on the Ethereum mainnet, with the new migration expected to provide a seamless experience for users. With about $5.7 billion in total value locked, Ether.fi continues to grow as it integrates its products with larger DeFi ecosystems. The company recently received approval for up to $50 million in token buybacks when the price of the ETHFI token drops below $3.

The post Ether.fi Transitions Crypto Card Product from Scroll to Optimism Mainnet appeared first on CoinCentral.

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