ether.fi announced the addition of tokenized stock trading, portfolio-wide borrowing and global fiat transfers to its app, marking a new step into retail banking products. The liquid staking protocol removed restaking from its weETH token last week, leaving less than 1% of assets restaked with EigenLayer. ether.fi’s staking arm holds $3.34 billion, while its borrowing market on Optimism holds $160.2 million against $23.3 million of active loans. The ETHFI token trades at $0.37 with a market capitalization of $361.8 million, down 95.6% from its March 2024 high of $8.53.
Source: Read the original article
