EtherFi Selects Cap-Powered Yield for Users
Nov 10, 2026
EtherFi Expands Cap Partnership with Launch of Liquid Bold USD
EtherFi, the leading self-custodial neobank, has launched Liquid Bold USD, a dollar vault powered exclusively by Cap. Users can deposit dollars and earn Cap-powered yield without leaving the app or locking up funds.
This is EtherFi’s second commitment to Cap. The first was in March 2026, when EtherFi underwrote Cap with its own collateral. Today, the partnership has grown from conviction to integration as EtherFi brings the same credit yield opportunity to its users.
Few partners have seen a credit protocol from both sides. EtherFi has: first as the underwriter carrying the risk, now as the platform answering to depositors.
Why EtherFi Chose Cap
For a platform managing user funds, choosing a yield provider is a trust decision before it’s a rate decision. After a run of hacks and black-box blowups, users want two things: protection they can verify and the ability to instantly withdraw. Cap is built for both.
Verified borrowers. Every borrower on Cap completes KYB, so lenders know exactly who is generating their yield.
Real recourse. Underwriter collateral is escrowed onchain and visible in real time, with enforceable legal agreements behind it.
Built for liquidity. There are no lockups, so platforms can offer instant entry and exit.
“We are excited to partner with Cap as we continue to build out our suite of vault offerings.”
Mike Silagadze, Founder and CEO of EtherFi
What This Means for Platforms
Users increasingly hold their dollars in neobanks, wallets, and yield apps, and those dollars need somewhere productive to sit. Yet, most yield products ask platforms to vouch for strategies they cannot see. Cap works transparently: borrowers are named, collateral is verifiable, and losses fall first on the underwriters who priced the risk.
EtherFi is just one example of what is possible with Cap. The same integration is open to any platform that wants to offer its users yield it can both explain and trust. Learn more about Liquid Bold USD.