Liquid restaking leader EtherFi has picked Scroll, an Ethereum Layer 2 network powered by zero-knowledge technology, as the settlement layer for transactions conducted through the ether.fi Cash platform. EtherFi is DeFi’s fourth-largest protocol, with over $5.5 billion in total value locked (TVL), according to DeFiLlama. Ether.fi Cash distinguishes itself from other crypto-based cards by being an actual credit card rather than a preloaded debit card. It will be available as a physical Visa card, compatible with major mobile payment providers, including Apple Pay. The card is currently available for preorder under four tiers, with annual fees ranging from 0.01 ETH ($23) to 1 ETH ($2,300). Higher tiers offer lower interest rates and other perks. EtherFi CEO Mike Silagadze told The Defiant that users who have already preordered the card account for a combined $869 million of crypto assets. With this latest offering, EtherFi is “putting DeFi in bubble wrap for normal people,” he quipped. ether.fi Cash cardholders will earn 3% cash back on all transactions. In addition, early adopters will receive an extra $50 Cash Back on the initial $1,000 spent, and those holding Chad and Whale cards as of September 15 will receive a ticket to the Token2049 conference in Singapore. Why Scroll? Scroll is the sixth-largest Layer 2 network, with $1.1 billion in TVL, according to L2beat. Silagadze said that EtherFi considered building its own Layer 2 or leveraging multiple existing networks. However, it ultimately chose Scroll because of both teams’ shared vision of reducing barriers to cryptocurrency use in everyday transactions. A growing DeFi ecosystem and the significant amount of eETH – EtherFi’s flagship liquid restaking token – already bridged to Scroll tipped the scales. The alliance will also facilitate the creation of a lending and borrowing market specific to Cash users, enabling customers to borrow against their crypto assets for purchases and automatically repay these amounts with yields generated by their portfolios. The card is currently available to residents of the UK, Hong Kong, UAE, Thailand, Brazil, Turkey, France, Germany, Italy, Portugal, Spain, Denmark, Estonia, Netherlands, Poland, and the Czech Republic.