New on Lava: Earn 6.5% on USD

Starting today, you can earn even higher yield on your cash held on Lava.

With the Lava savings account, you can now get 6.5% APY on your USD. Rates on traditional savings accounts have been ticking down. We’re bumping ours up.

Lava’s savings account allows you to put your USD to work funding bitcoin-backed loans on Lava. These loans are over-collateralized at all times and backed by the most liquid, pristine collateral in the world (BTC). Your dollars are always more than fully backed in value by BTC locked as collateral, and you’re never exposed to any assets other than BTC.

You maintain full liquidity, so you can deposit and withdraw from your savings account at any time. Your earnings are automatically added to your savings balance and compound monthly.

We believe that funding bitcoin-backed loans allows you to earn competitive yield safely and securely. It’s the best risk-adjusted return on USD that’s available today. We built this product so that anyone, not just institutions, can easily access this.

If you already have a Lava account, you can deposit into your savings balance at any time and start earning immediately. If you’re new to Lava, you can get started in just a few minutes here.