[EtherFi Cash Deploys Dedicated Aave V4 Instance on Optimism Chain to Support Credit Card Backend] BlockBeats News, August 13: ether.fi announced that the existing lending infrastructure of EtherFi Cash can no longer meet its development needs. A dedicated Aave V4 instance is being deployed on the Optimism chain to support the credit card backend. EtherFi Cash currently has active loans totaling $22 million. By 2027, its lending capacity is expected to reach $500 million. Over 70,000 cardholders are already using cryptocurrency for spending without needing to sell their crypto. [Original Link]