Ether.fi CashProduct benefit
3% USDC cashback on eligible spending
Ether.fi Cash referral code: CASH3. Sign up with this code to get 3% USDC cashback on eligible spending.
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At a glance
- What changed
- A new ether.fi Liquid vault for USD that targets higher rewards than the existing conservative dollar vaults.
- Who it affects
- ether.fi users who keep dollars in Liquid vaults and accept more risk for potentially higher returns.
- When
- Launched on 5 November 2026; rates and caps change over time.
What ether.fi launched
ether.fi announced Liquid Bold USD on its official X account on 5 November 2026. It calls it a new vault exploring higher-reward opportunities and a bolder choice alongside its more conservative vaults. The launch partner is Cap, and the vault is powered by Midas. The post links to the vault's page in the ether.fi app, under Earn.
How the vault is set up
ether.fi's documentation lists Liquid USD Bold as a Midas-type vault with USD as the base asset, deployed on Optimism. It earns yield on dollar holdings through a Midas-backed strategy. Liquid is ether.fi's family of automated strategy vaults: users deposit an asset and the vault spreads it across positions and rebalances for them. Positions in Liquid USD Bold can also be posted as collateral on ether.fi.
ether.fi does not publish a fixed rate for the vault. Its documentation says deposit assets, TVL, APY, allocations, deposit caps and availability change over time and are shown on the live vault page.
The risk side
ether.fi itself frames Bold as the riskier option, so the higher potential reward comes with more risk than its conservative USD vaults. Its documentation says Liquid returns are variable and not guaranteed, and that every vault carries smart contract, market, liquidity and third-party protocol risk.
Our take
A dollar vault that openly labels itself as the bolder choice is useful honesty, but the launch post gives no rate, cap or strategy breakdown. Check the live vault page for the current APY and allocations before moving savings from a conservative vault.
Ether.fi CashProduct benefit
3% USDC cashback on eligible spending
Ether.fi Cash referral code: CASH3. Sign up with this code to get 3% USDC cashback on eligible spending.
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
CASH3 adds no permanent signup bonus. Cashback tiers, spending caps and regional adjustments apply.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
