Common Questions
What is Axal?
Axal is a high yield savings app offering up to 7.6% interest on your cash with no lockups or minimums. You can also trade Bitcoin and physical gold bars for the lowest fees.
How do you get 7.6% APY?
Axal connects you with lending markets that pay a premium to other savings products (up to around 7.6% APY). Morpho is the primary source. These rates are dynamic, but Axal rebalances across markets to ensure you get the highest risk-adjusted returns.
We allocate to markets that are overcollateralized (meaning borrowers put more collateral up than the dollars they borrow; for example putting up $1500 worth of stock or Bitcoin to borrow $1000), have billions in liquidity, are regulated by US Federal Law (GENIUS Act), and dollar-only (no other asset risk). Top institutions like Blackrock, Apollo and Fidelity all allocate to these same markets.
There are no lockups, minimums, or fees associated with the yield generated.
We have more info available on axal.com and axal.substack.com - happy to clarify more too!
Is this safe?
Yes. Axal has over 10,000 users, has been heavily audited by security firms (can learn more on docs.axal.com), and has processed over $1B in volume. You can read reviews on the App Store and Google Play.
We allocate to markets that are overcollateralized, have billions in liquidity, are regulated by US Federal Law (GENIUS Act), and dollar-only (no other asset risk). Top institutions like Blackrock, Apollo and Fidelity all allocate to these same markets.
There are no lockups, minimums, or fees associated with the yield generated. That means you can withdraw whenever you want, no questions asked.
What are the risks?
Axal is a financial technology company, not a bank with FDIC - we connect users with lending markets that pay a premium to other savings products (up to around 7.6% APY). Rates are dynamic which is worth keeping in mind, always been above other HYSAs - but dynamic might not be for everyone.
Code risk - the markets Axal allocates to are governed by smart contracts. We allocate to audited open sourced markets that have processed trillions of volume with billions in liquidity, so the odds of an exploit are near 0.
There's no risk with Axal going down - unlike a bank where you need them to be alive to access funds, your funds in Axal are always in your control because you have a private key. No one, not even Axal, can control your money if you want to move it out (just use that global private key).
FDIC-insured?
FDIC insures against bank defaults up to $250K. With Axal, "defaults" or runs aren't possible, since you always have 24/7 access to your funds (self-custodial, no one, not even Axal, can restrict this). Since the loans are overcollateralized with sizable liquidity, you will always be able to exit.
Axal is a financial technology company, not a bank with FDIC - we connect users with lending markets that pay a premium to other savings products (up to around 7.6% APY).
We allocate to markets that are overcollateralized, have billions in liquidity, are regulated by US Federal Law (GENIUS Act), and dollar-only (no other asset risk). Top institutions like Blackrock, Apollo and Fidelity all allocate to these same markets.
There are no lockups, minimums, or fees associated with the yield generated.
How does Axal compare to a regular bank or savings account?
Far higher rates than HYSAs. Unlike most HYSAs which earn yield from U.S. treasury bills and take a spread, giving you ~3%, Axal helps you lend directly to overcollateralized borrowers who pay a premium for the ability to instantly borrow cash against assets they previously couldn't borrow against such as Bitcoin.
Traditional banks offering 0% are doing something very similar but even riskier, with undercollateralized loans (borrowers can and do often default, with the bank eating that loss, possibly you the consumer) where they lend out your money but pocket all the interest. Axal dares to ask a simple question: what if you could lend direct and fully own the interest from your own money?
No lockups or minimums. Deposit/withdraw 24/7 even on holidays. As low as $1 or $1M+.
No crazy setup time. Account setup can take a minute.