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💡 Why Pyra?

Today traditional banks take your deposits, lend them out, and earn billions in interest, while giving you almost nothing in return.

Meanwhile, the US dollar keeps losing value due to inflation and stagnant wages. The wealthy protect themselves from this erosion by owning assets that appreciate like stocks, real estate, bonds. When they need cash, they don’t sell. They borrow against their assets, keep compounding their wealth, and even benefit from inflation. This “Buy, Borrow, Die” or "Billioniare tax loophole" strategy has quietly helped the rich get richer for decades.

Until now, it’s been out of reach for most people. You had to spend first and invest later, if there was anything left to invest.

DeFi changes that. For the first time, it’s possible to invert the system by automatically investing your paycheck into productive assets, while still having instant credit to spend when you need it.

Pyra is building this future: where everyone can live on asset-backed liquidity, spend dollars that lose value, and let their wealth grow continuously.

With Pyra, you get:​

  • A self-custody DeFi credit card that lets you spend without selling your assets

  • Automatic yield generation on all deposits

  • Zero liquidation fees

  • Swap assets in your portfoilio, even those that are being used as collateral for loans (coming soon...)

  • Automatic gas abstraction, no need to keep SOL to pay for transaction fees.

  • Notifications to keep on top of spending, account balance, and when your collateral is sold

Main Features​

Spend without selling​

With traditional crypto cards, you need to sell your investments (like SOL, BTC) for fiat or stablecoins (like USDC, USDT) in order to spend. This means that if prices go up, you miss out on all the gains. With Pyra, you can stay holding your investments while spending their value through a secured line of credit. Since you don't sell any assets, you keep all the gains if your assets go up in price. And if prices fall, your collateral is automatically sold at market rate to avoid any liquidation fees.

Self-Custody Credit Card​

The Pyra card supports Apple/Google Pay, can be managed through the Pyra mobile app, and can be used anywhere Visa is accepted. The balance for this card is kept on-chain within the Pyra protocol. Only the self-custody wallet associated with your Pyra account can withdraw or spend them, so no one else has access to your funds (not even Pyra).

You can set daily, weekly, monthly, or yearly spending limits, which gives Pyra access to the specific amount of funds required to cover your transactions. Pyra then takes out a DeFi loan against those assets, so you can spend their value without selling them. You can learn more about how Pyra's DeFi loans work here.

Yield​

Through our Drift integration, all deposits automatically earn yield. Drift's DeFi yield comes from aggregating your collateral into lending pools, which are all secured by over-collateralization.

Swaps (coming soon...)​

On other lending platforms, once you’ve opened a loan, you can’t change the asset you chose as collateral without fully repaying your loan. However, with Pyra, you have the flexibility to do so. This means you can actively manage your portfolio’s composition even as you make purchases using your Pyra card!

Automatic Gas Abstraction​

With Pyra, onchain transactions don't require any SOL to pay gas fees. We abstract that away, instead charging you the equivalent in the token you want to withdraw or swap. There are zero gas fees for card transactions and spend limit adjustments.

Liquidation Protection​

Other DeFi lending protocols require you to actively manage your loans and account health to avoid liquidation, but Pyra does things differently. The Pyra protocol automatically manages your account health for you and automatically sells your collateral at market rate if you approach the liquidation threshold to avoid any fees. You can learn more about liquidation protection and Pyra's DeFi loans here.