Questions, answered.
How Florin lets you spend your ETH without selling it.
What is Florin?
Florin lets you spend your ETH without selling it. You draw a line against what you hold, spend it anywhere Visa works, and pay it back when you like.
Does spending with Florin sell my ETH?
No. Your ETH stays in your name, held as collateral. Spending draws on a line against it, so buying a coffee never sells a coin.
How much can I spend?
Your line can reach half of what your ETH is worth.
How do I pay it back?
Repay the line when you like, in USDC or in dollars.
What happens if the price of ETH falls?
The app watches your ratio, what you have spent against what your ETH is worth. Spending pauses at 50%, the app warns you at 60%, and selling starts at 75%: if ETH falls far enough, some is sold to cover the line, and the app tells you first.
Where can I use the card?
Anywhere Visa works. The card spends your line.
What are Petals?
Petals are a ledger in the app that paying back fills. A line paid back inside 7 days earns double. Petals are never for borrowing more.
How do I get Florin?
Join the list on florincard.com with your email address.