Restaking Protocol Ether.fi Selects Scroll as Layer-2 Network for Settlement
Briefly

from Coindesk4 months ago
Ether.fi has chosen Scroll's layer-2 blockchain to implement its credit card, allowing customers to leverage crypto as collateral, which can help grow the TVL significantly.
Coindeskhttps://www.coindesk.com/business/2024/09/09/restaking-protocol-etherfi-selects-scroll-as-layer-2-network-for-settlement/
Ether.fi CEO Mike Silagadze believes that the ether.fi Cash card will help usher in billions in total value locked (TVL) for Scroll, enhancing its competitive stance.
Coindeskhttps://www.coindesk.com/business/2024/09/09/restaking-protocol-etherfi-selects-scroll-as-layer-2-network-for-settlement/
Scroll's zero-knowledge technology enables "gasless" transactions, reducing fees dramatically compared to traditional Ethereum transactions, thereby making the Ether.fi credit card economically advantageous.
Coindeskhttps://www.coindesk.com/business/2024/09/09/restaking-protocol-etherfi-selects-scroll-as-layer-2-network-for-settlement/
Despite some negative trends in the sector, Ether.fi has seen its overall TVL rise, showcasing strength and resilience in the face of broader market outflows.
Coindeskhttps://www.coindesk.com/business/2024/09/09/restaking-protocol-etherfi-selects-scroll-as-layer-2-network-for-settlement/
Read at Coindesk
#etherfi #scroll #credit-card #lending-and-borrowing #restaking
[
|
]