New on Lava: Earn Yield on USD

Today we’re excited to announce our latest product— earn up to 7.5% yield on USD deposits by funding bitcoin-backed loans on Lava.

Since our launch, Lava has enabled users to grow their bitcoin wealth by borrowing dollars instead of selling their bitcoin. Now, we’re introducing a bitcoin-powered product that allows you to earn the best risk-adjusted yield on your USD holdings.

We recognize that many users still need to hold dollars— whether that’s for short-term expenses or other dollar-denominated obligations. Starting today, users on Lava can deposit dollars into their yield account and earn up to 7.5%— 2x that of a traditional high-yield savings account.

When users deposit dollars into their yield account, those dollars are used to fund bitcoin-backed loans on Lava. This is the first product that allows you to lend exclusively against bitcoin as collateral. Loans on Lava are over-collateralized at all times and backed only by BTC. When you lend USD to fund these loans, you can access highly competitive yield while always maintaining full collateral backing and liquidity.

This product is live today for all users of Lava. If you’re new, you can get started by creating an account here.