Etherfi is evolving from a simple crypto card to an onchain credit layer. Users deposit into a yield-bearing vault and borrow against the deposit when they spend. No assets get sold and the deposit continues to earn yield. @ether_fi Cash adds a credit revenue stream through the Borrow Mode, where card spend creates an interest-bearing borrow balance against the user’s Vault collateral. Cumulative card spend has crossed $560M. Borrows are at $67M, roughly 12% of all spend already running through credit. Etherfi's advantage is that the user’s money already sits inside its Vault. Once Etherfi owns that balance relationship, the card becomes only the first product attached to it.(Delphi Digital)