Vield provides a platform for over-the-counter crypto trading and offers crypto-backed loans, allowing users to borrow against their Bitcoin and Ethereum holdings without selling their assets. The service features rapid loan approvals, a transparent asset management approach, and a non-custodial crypto debit card for spending stablecoins anywhere Mastercard is accepted.
Funding
Funding not disclosed
Founders
Product
Problem
Many cryptocurrency holders are reluctant to sell their Bitcoin and Ethereum assets to access fiat currency for immediate needs. Traditional loan processes can be slow and may require credit checks, creating barriers for crypto investors seeking liquidity without liquidating their holdings. Existing crypto-backed loan platforms may lack transparency regarding asset management and security.
Solution
Vield provides a transparent and secure platform for crypto-backed loans, enabling users to borrow Australian dollars against their Bitcoin and Ethereum holdings without selling their crypto assets. The platform offers rapid loan approvals and same-day settlements, providing quick access to AUD. Vield distinguishes itself by refraining from rehypothecating assets, ensuring full transparency and security. Users can also utilize a non-custodial crypto debit card to spend stablecoins anywhere Mastercard is accepted, creating a seamless crypto-to-fiat off-ramp.
Target Audience
Vield primarily targets cryptocurrency investors in Australia who need access to AUD liquidity without selling their Bitcoin and Ethereum holdings.
Features
- Crypto-backed loans with BTC and ETH as collateral
- Loan-to-value ratio (LVR) up to 50%
- Annual interest rate of 13%
- Minimum loan amount of $2,000 AUD
- 12-month maximum loan terms
- Non-custodial crypto debit card for spending USDC stablecoins
- Supports spending up to 100,000 USDC per year
- Full transparency with verifiable wallet addresses