Axal Collaborates with MoonPay to Introduce Virtual Bank Accounts Generating Onchain Interest via Axal Yield
Axal Yield: A Revolutionary Savings Tool for Effortless Onchain Yield
Axal, a fintech startup, has launched Axal Yield, a new savings tool that allows users to earn onchain yield effortlessly. This innovative platform enables users worldwide to participate in decentralized finance (DeFi) lending strategies with just one click, targeting stable performance while minimizing the need for user intervention.
Powered by MoonPay's Virtual Accounts, Axal Yield simplifies the process of converting fiat currency into stablecoins, making it accessible for traditional investors who are new to blockchain technology. The platform ensures robust security and autonomy over user funds by spinning up smart accounts secured with Trusted Execution Environment (TEE)-enforced signing policies and batched transactions.
Key features of Axal Yield include:
- One-click Allocation: Users can allocate funds into a diversified portfolio of crypto yield strategies with a simple click.
- Automated Rebalancing and Risk Management: Axal's smart automation engine continuously rebalances and reallocates capital in real-time to maximize returns while managing risks.
- No Gas Fees or Custodial Risks: Axal Yield eliminates gas fees and custodial risks, offering enterprise-grade automation and user asset protection.
- Integration with MoonPay Virtual Accounts: This integration enables easy fiat-to-stablecoin conversion and access for non-crypto users.
- Focus on Stablecoins: Axal Yield prioritizes stablecoins to provide more stable returns compared to volatile cryptocurrencies.
- Passive Yield: The yield generated by Axal Yield is passive, requiring no manual monitoring or intervention by the user.
Axal Yield also employs fully automated yield routing, with funds automatically routed into Axal's smart yield engine upon deposit. End-to-end transparency and control are key features of Axal Yield, with users benefiting from real-time reconciliation and allocation. Crypto-native deposits are as seamless as traditional bank transfers thanks to Axal Yield's virtual accounts.
In addition to its current offerings, Axal Yield plans to integrate with Solana, HyperEVM, and other platforms soon. Users can allocate funds into a diversified portfolio of crypto yield strategies currently generating an annual percentage yield (APY) of approximately 6-10%.
By bridging traditional finance and DeFi, Axal Yield provides a simple, secure, and automated way for users to generate meaningful passive income from their idle cash through onchain stablecoin yield strategies. Axal Yield aims to provide real yield, eliminate middlemen, and maintain full user control.
Axal Yield, utilizing MoonPay's Virtual Accounts, simplifies the traditional business of investing for those new to blockchain technology, by converting fiat currency into stablecoins with one click, thus making it accessible to a wider audience in the world of decentralized finance (DeFi) and technology. Axal Yield's innovative platform targets stable performance in the finance sector, minimizing user intervention, and offering passive yield generated from a diversified portfolio of crypto yield strategies.
