etherfi migrates mainnet power ultrafast payments
etherfi migrates mainnet power ultrafast payments
etherfi migrates to OP Mainnet, enabling ultra-fast, low-cost onchain payments. The migration took three days with no service interruptions.
Infrastructure at Scale for Mass Spending
The decision to migrate to OP Mainnet responded to concrete business requirements. For a product that settles real payments every day, latency, fees and uptime are essential metrics. OP Mainnet operates with average fees of $0.00001, finality below 250 milliseconds via Flashblocks, a throughput of 20 Mgas/sec with a projected path toward 100 Mgas/sec, and 99.99% uptime.
Key Benefits
- $0.00001 average fees
- Finality below 250 milliseconds
- 20 Mgas/sec throughput
etherfi's Next Move
With the migration completed, the team is targeting the launch of Gold Vaults and a euro-denominated card, along with deeper DeFi integrations, expanded yield strategies and improvements to cashback mechanisms. Relocating the collateral onto OP Mainnet technically enables those functionalities.
DeFi Integrations and Yield Strategies
The migration to OP Mainnet enables etherfi to expand its DeFi integrations and yield strategies. According to Mike Silagadze, CEO of etherfi, they needed infrastructure capable of handling real-time payments at massive volume. Jing Wang, from OP Labs, highlighted that every dollar flowing into OP Mainnet deepens the liquidity available to all protocols already operating on the network.
Key Takeaways
- etherfi migrated to OP Mainnet, enabling ultra-fast, low-cost onchain payments
- The migration took three days with no service interruptions, keeping all 70,000 cards and 300,000 accounts active
- OP Mainnet operates with average fees of $0.00001 and finality below 250 milliseconds
- etherfi is targeting the launch of Gold Vaults and a euro-denominated card, along with deeper DeFi integrations
Frequently Asked Questions
What is etherfi's main product?
etherfi's main product is Ether.Fi Cash, a card with full Visa network support, instant settlement and global reach.
What are the benefits of OP Mainnet?
OP Mainnet operates with average fees of $0.00001, finality below 250 milliseconds, and 99.99% uptime, making it an ideal infrastructure for mass spending.
