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

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TLDR

  • Ether.fi is relocating its Ether.fi Cash product to Optimism’s OP Mainnet to boost liquidity and ecosystem integration.
  • The migration will entail 70,000 active cards, 300,000 accounts, and millions in user TVL.
  • Ether.fi Cash enables users to spend stablecoin balances or borrow staked assets such as eETH while generating yield.
  • The move to Optimism will strengthen liquidity for swaps and provide more asset choices for deposits and withdrawals.
  • Ether.fi Cash will depart from the Scroll blockchain to Optimism to access a larger DeFi ecosystem and better gas fee coverage.

Ether.fi, the firm behind a crypto-native credit card product, has declared it will transfer its Ether.fi Cash product to Optimism’s OP Mainnet. This action, anticipated in the upcoming months, will witness around 70,000 active cards, 300,000 accounts, and millions in user TVL making the transition. The migration is part of a wider strategy to enhance liquidity and integration within the Optimism ecosystem.

Ether.fi, initially concentrating on asset restaking, started developing Ether.fi Cash in 2024. The product lets users spend their stablecoin balances directly or borrow staked assets like eETH for spending while earning yield. Besides providing a non-custodial solution, Ether.fi Cash offers cashback rewards and can be used wherever Visa is accepted.

Migration to Optimism’s OP Mainnet

Ether.fi’s decision to transfer Ether.fi Cash to OP Mainnet forms part of its strategy to access a larger DeFi ecosystem. Through this migration, Ether.fi intends to offer better liquidity for swaps, more asset choices for deposits and withdrawals, and the capacity to cover gas fees. “Optimism has backed major ecosystem migrations previously and provides a secure and robust process intended to prevent disruption,” Ether.fi stated.

Ether.fi Cash has established a strong position in the crypto-native payment card sector, accounting for nearly half of all crypto transactions. The shift to Optimism’s OP Mainnet is projected to further strengthen this position, leveraging 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, making up 13% of the crypto market’s total transactions.

Ether.fi Expands Beyond Scroll Blockchain

The migration to Optimism will signal Ether.fi Cash’s exit from Scroll, a ZK-powered blockchain. Scroll had been a significant player in the crypto card space, with Ether.fi playing a crucial role in this success. Nevertheless, by moving to Optimism, Ether.fi aims to take advantage of the enhanced liquidity and broader asset access provided by the OP Stack.

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