Axal Collaborates with MoonPay for the Introduction of Virtual Bank Accounts Offering Onchain Yield via Axal Yield Platform
The fintech startup, Axal, has teamed up with MoonPay to launch a revolutionary savings tool called Axal Yield. This platform allows users worldwide to effortlessly earn onchain yield on their stablecoin deposits, with annual percentage yields (APY) ranging between 6% and 10%.
Axal Yield operates by partnering with MoonPay, which provides virtual bank accounts that enable users to convert fiat currency into stablecoins (such as USDC or USDT) seamlessly and deposit them directly into Axal Yield. These virtual accounts function like traditional bank accounts but operate on the blockchain, making stablecoin deposits automatically routed into Axal's smart yield engine.
The smart yield engine of Axal Yield is designed to dynamically allocate and rebalance capital across top DeFi protocols (e.g., Morpho, Euler, Base) to optimize yield while minimizing risk. Users need not worry about manually managing funds, monitoring protocols, or paying network fees.
Key features of this integration include simple onboarding and deposits, fully automated yield routing and real-time allocation, transparency, and user control, and global accessibility. The solution effectively lowers the barrier to entry for earning decentralized finance (DeFi) yields by removing technical complexities and directly bridging fiat onramps to automated DeFi strategies.
Axal Yield offers several advantages. It requires no gas fees, no custodial risks, and no manual intervention. Funds sent to Axal's Virtual Accounts are automatically routed into the smart yield engine, which allocates capital across a curated set of strategies. Users retain full control over their onchain assets while benefiting from passive income without intermediaries.
MoonPay's infrastructure supports over 190 countries and multiple local payment methods, enabling broad worldwide participation. This partnership represents a "virtual bank account with onchain yield," illustrating a future where users can manage their finances entirely onchain—from spending to saving to earning—with simplicity and security.
In summary, Axal Yield with MoonPay's virtual accounts provides a plug-and-play, globally accessible savings platform that converts fiat to stablecoins and deploys those assets into automated, diversified DeFi yield strategies, enabling users worldwide to earn passive crypto income effortlessly and transparently.
- Axal's partnership with MoonPay allows users to seamlessly convert their fiat currency into stablecoins through virtual bank accounts on ffnews.com, opening up potential for passive income in the fintech and finance industry.
- The smart yield engine on Axal Yield, in collaboration with MoonPay, dynamically allocates and rebalances capital across DeFi protocols like Morpho, Euler, and Base, utilizing technology to optimize yield while mitigating risk.
- The collaboration between Axal and MoonPay offers a unique platform, Axal Yield, that combines the efficiency of technology with the simplicity of traditional bank accounts, making it possible for users globally to manage, save, and earn onchain finance profits in the business and fintech sectors.
