Spend Credit
Instead of selling, use your assets as collateral for a secured line of DeFi credit.
Stay Holding
If prices rise, you keep all the gains - without any capital gains tax.
Grow Wealth
Earn yield on all funds, so you never stop compounding your wealth.
Selling your
investments means...
- Missing out on all future price increases.
- No more yield compounding your wealth.
- Paying capital gains tax on every sale.
Have your cake, and eat it too
With Pyra, you never need to sell your investments again.
Stay holding and compounding wealth.
up to
5.4%+ APY
Yield on all deposits.
(real rates in the past 30 days)
Liquidation protection
Never pay liquidation fees on loans again. If prices fall, your collateral is automatically swapped through Jupiter to pay off your loan.
No capital gains tax
Since you don’t sell, you don’t cause taxable events.
It’s what billionaires do all the time, made accessible for everyone through crypto.
Your keys,
your crypto
Self custody. All on-chain.
Always in your control.
Frequently Asked Questions
How does the Pyra card work?
Traditional crypto cards require you to sell your investments (like SOL, BTC) for fiat or stablecoins in order to spend. Instead of selling, Pyra takes out a DeFi loan to cover the transaction whenever you pay with your card. DeFi loans are an on-chain, overcollateralized line of credit secured by your crypto assets. Because they’re used as collateral, your deposits stay earning yield in DeFi even after you pay.
Basically, you spend credit instead of selling your assets - so you keep earning yield, benefit from all price increases, and don’t incur capital gains tax.
Where do the yield and loans come from?
Pyra uses a smart contract on Solana to provide yield on your assets and DeFi loans for your card or withdrawals. Pyra loans are powered by Drift which aggregates user funds into lending pools. You earn interest in the form of yield for providing collateral to this pool, and pay interest when you borrow assets from it.
All DeFi loans are always over-collateralized, so if you want to borrow funds, you must have more than enough collateral to cover the value of your loan. This means that unlike with a fiat bank, DeFi protocols cannot lend out more money than they have received, and if users don't repay their loans their collateral is simply liquidated to cover the debt.
Where can I use my Pyra card?
You can use your Pyra card anywhere Visa is accepted, both online and in-person at over 42M+ merchants worldwide. You can pay in any fiat currency supported by Visa, and we can accept KYC information from nearly every country on Earth.
Do you support Apple/Google Pay?
Yes, we support both Apple and Google Pay on all devices.
Have you won any hackathons?
Yes! We won 5th place in Payments for the Colosseum Radar hackathon, the largest hackathon in crypto history. We also won 3rd place in Mercuryo's “Best Consumer Use Cases” hackathon.
Who's on the team?
Is there KYC?
KYC is a regulatory requirement for users of the Pyra card. We collect KYC information through Sumsub (the trusted KYC platform used by many top exchanges), but don't store any personal information in our systems. All personal information is stored by our card issuing partner, Rain. You can find out more about how Rain processes and stores your information here.
How much does Pyra cost?
Pyra charges no spend, top-up, sign-up, maintenance, or hidden fees. 1 USDC = $1 USD. There is a 1.5% + $0.30 foreign exchange fee on non-USD card transactions.
I have more questions!
We're always happy to answer any questions you may have! If you can't find your answer in our docs, reach out to us on X, join our Discord community, or send an email to diego@pyra.fi.
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