Direct Pay
With Direct Pay, you spend the assets you already have in your Safe:
What you can spend: The tokens you hold in your Safe (only supported spend assets). At this time, Direct Pay supports USDC and LiquidUSD
How it works: When you make a purchase on your EtherFi card, those specific tokens are deducted from your Safe
Multiple tokens: You can spend different types of tokens in a single transaction
Borrow Mode
In Borrow Mode, you can borrow USDC based on the assets you hold in your Safe:
What you can spend: Borrowed funds, using your Safe assets as collateral
How it works: The system calculates your borrowing power based on your collateral. As you spend with your Cash card, a borrow position is automatically created for you in Borrow Mode equal to your spend.
You can switch between Direct Pay and Borrow Mode at any time.