Direct Pay mode: use your Crypto directly
Direct Pay Mode allows you our eligible vault assets to be used with your Cash credit card directly. When you make a purchase with the Cash card, the funds are immediately deducted from your ether.fi Vault from your USDC or LiquidUSD balance. You can choose to spend between USDC or LiquidUSD as your primary spend asset. Note: Any other assets in your vault are not eligible to use in Direct Pay mode at this time, though this list will continue to increase over time.
How it works:
You spend using your eligible crypto holdings directly
Transactions are processed instantly from your available balance
No interest charges or fees beyond standard transaction costs
Your crypto is converted to the required currency at the point of sale
Best for:
Daily purchases and routine expenses
When you want to use specific crypto you already own
Avoiding any borrowing fees
Simple, straightforward transactions
Borrow Mode: keep your crypto, spend anyway
Borrow Mode allows you to make purchases using all assets in your ether.fi Vault, while keeping your cryptocurrency holdings intact. Instead of selling your crypto, you use it as collateral to borrow funds for your purchase.
How it works:
Your crypto acts as collateral for a loan
You can spend without selling your crypto assets
Interest charges apply on borrowed amounts (at time of writing this article, interest is set at 0%)
Your crypto remains in your Vault
You can repay your borrow balance at any time
Best for:
When you want to utilize your total ether.fi Vault assets, not just USDC and LiquidUSD
You want to use your crypto without selling it
Strategic financial planning around your portfolio of assets
Supported networks, assets for deposits and LTV (Loan-to-value)
Supported networks
Ethereum Mainnet, Base, and Scroll
Supported Tokens
The following tokens are available for deposits, spending, and collateral:
Core Assets:
wETH (Wrapped Ethereum) - 50% LTV
weETH (Ether.fi's wrapped eETH) - 50% LTV
eBTC (Ether.fi's staked BTC) - 50% LTV
USDC (USD Coin) - 90% LTV
Platform Tokens:
ETHFI - 20% LTV
SCR (Scroll) - 50% LTV
eUSD (Ether.fi's staked USD) - 90% LTV
Ether.fi's Liquid Vaults Tokens:
LiquidETH - 50% LTV
LiquidBTC - 50% LTV
LiquidUSD (Market Neutral USD) - 90% LTV