Ether.fi Card deposits 400,000 ETHFI! 3% cashback, airdrops, and triple rewards for deposits

Cryptocurrency Credit Card Ether.fi Cash Card Launches “Triple Rewards” Campaign This Month, Offering 400,000 ETHFI Tokens as Rewards Users Can Earn Airdrops Through On-Chain Deposits, Off-Chain Spending, and Fiat Inflows The Campaign Runs Until December 1st.

Detailed Explanation of the Triple Rewards Mechanism: How to Get 400,000 ETHFI

The Ether.fi Cash Card’s “Triple Rewards” campaign this month has a total prize pool of up to 400,000 ETHFI tokens. Based on the current ETHFI price of approximately $0.9, the total value is about $360,000 (around NT$11 million). Such a large-scale reward is extremely rare in the crypto credit card space, demonstrating Ether.fi’s active promotion of its card product and efforts to attract early users.

Method 1: Earn Rewards Through Deposits

Users need to mint and hold assets such as LiquidUSD, LiquidETH, LiquidBTC in Ether.fi Vault. Holding $1,000 worth of assets for one day grants 0.1 ETHFI, with a cap of 1,688 tokens. This mechanism encourages users to deposit funds into the Ether.fi ecosystem and hold long-term. Calculated with the cap of 1,688 tokens, users need to hold $1,000 worth of assets for about 16,880 days, or hold larger amounts to shorten the time. For example, holding $10,000 worth of assets for 1,688 days, or $100,000 for 169 days.

Method 2: Earn Rewards Through Spending

Using the Ether.fi Cash Card, every $1,000 spent earns 10 ETHFI (currently about $9), plus the original 3% cashback. This results in an effective cashback rate of approximately 3.9% (3% cash back + 0.9% ETHFI reward), which is very high in the credit card market. Typical credit cards offer cashback rates between 0.5-2%, with some high-reward cards reaching 3-5% but often with category restrictions or caps. Ether.fi Card’s 3% unrestricted cashback combined with ETHFI airdrops makes the total reward nearly 4%.

Method 3: Fiat Inflow Bonus

Participants who use bank transfers or Pix to deposit fiat currency for deposits and spending points can increase their rewards by an additional 10%. This 10% bonus is an extra incentive for users who fund their accounts with fiat rather than crypto transfers. For example, depositing $10,000 and holding for one day would normally earn 1 ETHFI; with the bonus, it becomes 1.1 ETHFI. Spending $1,000 would normally earn 10 ETHFI; with the bonus, 11 ETHFI.

Ether.fi Card Triple Rewards Detailed Rules

Total Prize Pool: 400,000 ETHFI (worth about $360,000)

Campaign Period: Until December 1st, 8:00 AM (Taiwan Time)

Method 1: Deposit $1,000/day = 0.1 ETHFI (Cap of 1,688 tokens)

Method 2: Spend $1,000 = 10 ETHFI + 3% cash back (Total cashback approximately 3.9%)

Method 3: Fiat deposit bonus of 10% (Points from deposits and spending both increase)

Stackable: All three methods can be participated in simultaneously for multiple rewards

The campaign runs until December 1st, 8:00 AM Taiwan time. If you are interested in applying for the Ether.fi Cash Card or are already a cardholder planning to spend, consider taking advantage of the additional rewards during this period. Time is limited—less than a month until the deadline—so active participation is recommended.

Ether.fi Card Taiwan Full Testing and Binding Tutorial

Field testing shows that Ether.fi Card is widely accepted at VISA merchants in Taiwan, including convenience stores, supermarkets, and gas stations, easily meeting everyday spending needs. This broad acceptance is key to the card’s practicality. As the world’s largest payment network, VISA has extensive coverage in Taiwan, supporting almost all merchants that accept credit cards.

Ether.fi Card can be linked with LINE Pay, Apple Pay, Google Pay, and other mobile payment tools, further enhancing convenience. To link with Apple Pay: open the “Wallet” app, tap the “+” icon in the top right corner, select “Debit or Credit Card,” enter the Ether.fi Card number, name, expiry date, and CVV, then verify. Linking with Google Pay is similar: open the “Google Wallet” app, tap “Add to Wallet,” select “Payment Card,” enter card info, and verify.

To link with LINE Pay: open the LINE app, tap “Wallet,” go to LINE Pay, select “Register Card,” enter card details, and complete a 1-yuan test transaction for verification via SMS or biometric authentication. LINE Pay is highly popular in Taiwan, with many physical and online merchants supporting it. Once linked, usage scenarios expand significantly.

After obtaining the card, managing deposits and withdrawals is straightforward. Tap the Vault in the main menu to check your wallet balance. You can choose to add funds (Add Funds), send (Send), or convert assets. For deposits, the official channels allow linking your wallet (MetaMask, Trust Wallet) or providing a deposit address for transfers from other exchanges. For withdrawals, simply click Send to proceed.

Advantages of Ether.fi Card Compared to Traditional Credit Cards

Crypto credit card cashback percentages are generally higher than regular credit cards, with no category restrictions, and can be linked with LINE Pay, Apple Pay, Google Pay, and other tools for various channels. Ether.fi Card’s 3% unrestricted cashback is its core competitive advantage. Traditional high-reward credit cards often have limitations: high cashback only in certain categories (e.g., 5% at supermarkets, 3% at restaurants, 1% elsewhere), monthly caps (e.g., maximum cashback NT$1,000), require linking specific payment tools or meeting spending thresholds, and have complex reward calculations.

Ether.fi Card’s 3% cashback has no such restrictions: all spending earns 3%, with no monthly cap, no need to link specific tools (though linking can enhance convenience), and cashback is credited instantly for immediate use. The platform issues rewards in SCR tokens, which users can convert to USDC, USDT, or purchase BTC, ETH. This flexibility is unmatched by traditional credit cards.

Additionally, Ether.fi Card uses a non-custodial model, with assets and private keys controlled by the user. All transactions are executed via smart contracts, ensuring high transparency and security. The Ether.fi protocol has undergone multiple security audits and has a bug bounty program. This decentralized design means users do not need to fully trust the platform; they retain control over their assets at all times.

Ether.fi Card supports Borrow Mode, allowing collateral assets to generate yield while earning 3% cashback. Stablecoins stored in Liquid earn approximately 9% annualized yield, minus a 4% borrowing rate, leaving about 5% profit. This “asset earning + borrowing + cashback” three-layer profit model is an innovation not available with traditional credit cards.

For those seeking “stability”: use Direct Pay + LiquidUSD (save while earning); watch out for exchange rate differences and 1% foreign transaction fees. For “maximum efficiency”: Borrow Mode enables assets to generate yield while earning 3% cashback. For “travel/overseas users”: global VISA acceptance + 3% cashback; excellent exchange rates, and compatibility with Apple/Google/LINE Pay for seamless international use.

Strategic Significance of the 400,000 ETHFI Airdrop

The scale of 400,000 ETHFI tokens in the airdrop is extremely rare in the crypto credit card space. Valued at about $0.9 per ETHFI, the total is roughly $360,000. Ether.fi’s willingness to allocate such a large reward demonstrates its emphasis on card business and market share ambitions. The crypto credit card market is rapidly growing but highly competitive, with many centralized exchanges launching similar products. As a latecomer, Ether.fi needs to offer more attractive conditions to attract users from competitors.

From a user acquisition perspective, a $360,000 reward pool to attract 10,000 active users results in a cost of about $36 per user, which is reasonable or even low in fintech. Traditional credit card user acquisition costs typically range from $100 to $300, including marketing, sign-up bonuses, and referral rewards. Ether.fi’s direct reward via airdrop reduces acquisition costs and encourages user engagement with ETHFI tokens.

From a tokenomics standpoint, distributing ETHFI to actual card users helps foster long-term ecosystem participation. Compared to airdrops to speculative or bot accounts, this “use-to-earn” model promotes healthier token holder structures. When users earn ETHFI through card usage, they gain genuine understanding and experience of the Ether.fi ecosystem, making them more likely to hold tokens rather than sell immediately.

The triple rewards mechanism is cleverly designed to cover all major user interactions with Ether.fi: deposits encourage bringing funds into the ecosystem, spending promotes active card use, and fiat inflows lower entry barriers (compared to requiring users to buy crypto elsewhere first). This comprehensive incentive structure ensures users at any stage of crypto investment can participate and earn rewards.

Security and Risk Management of Ether.fi Card

Ether.fi Card adopts a non-custodial model, with assets and private keys controlled by the user (currently, the official is updating partial private key export features). All transactions are executed via smart contracts, ensuring high transparency and security. The Ether.fi protocol has passed multiple security audits and has a bug bounty program. These measures are key to safeguarding users.

However, risks remain. In Borrow Mode, if collateral value drops too low, the system will perform forced liquidation to protect the protocol. Users should maintain appropriate collateral ratios (recommended not to exceed 60-70%), monitor asset value changes regularly, and add collateral or repay debts as needed. Using high collateral ratios for borrowing and market downturns could lead to liquidation and loss of collateral.

Taiwan users can fully utilize all Ether.fi Card features without restrictions. Some regions (such as North Korea, Iran, Myanmar) cannot use ATM withdrawal functions, but Taiwan is not on the restricted list. Users can hold multiple virtual cards, functioning like supplementary cards, with different limits based on user level.