Starting today, you can earn even higher yield on your cash held on Lava. With the Lava savings account, you can now earn 6.5% APY on your USD. Rates on traditional savings accounts have been ticking down. Ours just increased.

By funding loans for other bitcoiners on Lava, you can get access to what we consider the best risk-adjusted return on USD available today. Fully collateralized, highly secure, liquid— with some of the most competitive APY available.

Dollars added to your savings account are used to fund bitcoin-backed loans. These loans are over-collateralized at all times and backed by the most liquid, pristine collateral in the world. Your dollars are always more than fully backed in value by BTC locked as collateral.

You earn yield from the interest paid by borrowers. In the case that a borrower doesn’t repay their BLOC or the value of their collateral drops, the collateral can be liquidated. Because the loan is always over-collateralized, the lender takes very little risk.

In addition, lenders are never exposed to any alt-coins or other risky assets. Only BTC. And they maintain full liquidity.

We believe that funding bitcoin-backed loans allows people to earn competitive yield safely and securely. It’s the best risk-adjusted return on USD that’s available today. We built this product so that anyone (not just institutions) can access this easily.