MoonPay's Virtual Accounts now offer users the opportunity to earn 6-10% APY on stablecoins through a collaboration with Axal Yield. This collaboration leverages Axal Yield’s robust automation engine to generate yield with different DeFi strategies. Users have full ownership of their assets with non-custodial structure. The Axal Yield approach Axal Yield’s unique approach employs TEE-enforced signing policies and batched execution to maximize security and efficiency.
The partnership between MoonPay and Axal Yield solves one of the biggest pain points in today’s financial environment. Axal's CEO highlighted this point.
"The vast majority of money on Earth sits idle in cash or low-interest accounts." - Axal's CEO
This dynamic makes MoonPay’s integration of Axal Yield’s technology a strong alternative for users looking to earn more on their stablecoin holdings.
Axal Yield’s non-custodial model is the pillar of its decentralized approach. This protects users by keeping them in full control of their assets and reducing the risks posed by traditional custodial offerings. By holding their own private keys, users remove the risk of loss or theft from centralized points of failure.
To further improve security, Axal Yield uses TEE-enforced signing policies. Unlike Secrets, Trusted Execution Environments (TEEs), like Intel’s SGX, offer a secure enclave for performing sensitive operations, like transaction signing. This guarantee is needed because even if the underlying system is breached, the private keys should be safe inside the TEE.
Axal Yield's model utilizes batched execution. This second technique, known as roll-ups, works by rolling many individual transactions into a single batch, which is then executed on-chain. Batched execution has other benefits, such as lower gas fees and greater overall efficiency. Through advanced optimization of transaction processing, Axal Yield can dramatically reduce costs and reclaim every drop of yield for its users.
MoonPay’s Virtual Accounts take advantage of Axal Yield’s smart automation engine. This new engine, called Yieldfoundry Fund Engine, will dynamically deploy funds into dozens of diversified DeFi strategies on the fly. The engine continually adapts its investment strategies to stay aligned with changing market conditions. This model is designed to provide users with reliable, competitive, and amenity-enhancing yields.
The intelligent automation engine aims for returns of 6-10% APY. These yields are impressive, especially compared to the meager returns offered by traditional savings accounts or money market funds. By providing access to DeFi yields through a user-friendly interface, MoonPay and Axal Yield are democratizing access to sophisticated investment strategies.
Axal Yield’s award winning smart automation engine power yield creation through a diversified strategy across the DeFi space. These strategies can involve lending, borrowing, staking, or yield farming. To mitigate risk and optimize returns, the engine seeks to diversify across different protocols and asset classes.
With MoonPay and Axal Yield working together, this is a big step in the right direction. This strategic partnership, Cohere’s first with other developers, continues to connect traditional finance with decentralized finance. Now, the two companies together are empowering users to take control of their financial futures. They offer a safe, simple, high-yield alternative for stablecoin holdings.