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Axal and MoonPay Join Forces to Revolutionize Savings

In a groundbreaking move for the world of finance, Axal, a fintech startup backed by renowned venture firms a16z CSX and CMT Digital, has partnered with MoonPay to launch Axal Yield. This innovative savings tool aims to empower users globally to effortlessly earn impressive yields through decentralized finance (DeFi) strategies. By leveraging Axal Yield, users can earn anywhere from 6% to 10% Annual Percentage Yield (APY) with just a click.

A Shift Towards Onchain Finance

The Axal Yield platform integrates seamlessly with MoonPay's new Virtual Accounts, transforming the way users manage their finances. The collaboration is designed to provide a simple, user-friendly experience while delivering sophisticated financial results. As Ash Ahmed, Founder and CEO of Axal, highlights: "The vast majority of money on Earth sits idle in cash or low-interest accounts. Axal puts that capital to work by generating meaningful, passive income while giving users full control of their funds."

How It Works

With the click of a button, users can allocate their funds into a diversified portfolio of cryptocurrency yield strategies. Axal's advanced automation engine continuously rebalances these investments in real time, optimizing returns while managing risk exposure. This level of automation eliminates the complexities often involved in handling crypto investments—there are no gas fees, no custodial risks, and no need for manual intervention.

When users deposit stablecoins like USDC or USDT into their Virtual Accounts, those funds are routed directly into Axal's smart yield engine. This engine is crafted to allocate funds across a range of strategies, including lending protocols and liquidity pools. This seamless deposit process mimics the simplicity of traditional banking transfers, making the leap to onchain finance less daunting for new users.

Enhanced Security and Control

At the core of Axal Yield's operation is a commitment to user security and control. Every deposit activates a smart account protected by tightly enforced signing policies and batch executions. This setup not only ensures the automation's integrity but also guarantees robust protection for user assets.

Ivan Soto-Wright, the CEO of MoonPay, noted, “People are beginning to manage their financial lives onchain, from spending to saving to earning. Axal Yield shows what that future looks like: real yield, no middlemen, and full user control. This is onchain finance working as it should.”

Focus on Low-Risk Strategies

Axal Yield's initial phase emphasizes low-risk, diversified lending strategies. The funds are dynamically reallocated based on real-time market signals, adapting to changing conditions while striving for stable performance. Users can rest assured knowing there’s no need for them to monitor their investments, reallocate, or pay network fees. The entire experience is designed for simplicity, ensuring that even those new to cryptocurrency can navigate the platform without feeling overwhelmed.

Future Prospects

Axal has already established partnerships with leading DeFi protocols such as Morpho, Euler, and Base, with plans to expand functionality to include networks like Solana and HyperEVM. Currently, Axal Yield is live and available to the public, inviting users to start earning immediately by visiting getaxal.com.

As Axal and MoonPay continue to redefine what it means to manage personal finances in an increasingly digital world, they showcase how innovation can bridge the gap between traditional savings methods and the promising realm of decentralized finance. The launch of Axal Yield is just the beginning of a financial revolution that prioritizes user control, security, and the ability to earn competitive yields effortlessly.

About Axal

Axal operates out of New York and is committed to developing software solutions that simplify access to DeFi yield strategies. With a team that includes talents from Harvard, the U.S. Army, and established firms like AWS and Fidelity, Axal is leveraging expertise to bring sophisticated financial strategies to everyone.

About MoonPay

MoonPay serves as a key enabler in the crypto space, allowing users to buy, sell, and trade cryptocurrencies using familiar payment methods like credit cards, Apple Pay, and PayPal. With a mission to provide secure and seamless access to the blockchain financial ecosystem, MoonPay plays an instrumental role in the growing acceptance of cryptocurrency while ensuring outstanding security and compliance across multiple jurisdictions.