What is Swype.fun | DeFi-Native Credit Cards?
Swype.fun is a DeFi-native credit card application, powered by Brahma's Infrastructure. It let's you connect onchain crypto positions to real world payments, for everyday purchases while keeping your yield positions intact.
Problem
Users need to sell their crypto holdings to access liquidity for real-world payments, which results in losing ongoing yield from their crypto positions and disrupting long-term investment strategies.
Solution
A DeFi-native credit card that allows users to spend crypto without selling it by leveraging onchain collateral. Example: Users can make purchases using crypto holdings while maintaining exposure to yield-generating DeFi protocols.
Customers
Crypto traders, DeFi enthusiasts, and institutional investors managing onchain portfolios who seek liquidity without sacrificing yield.
Unique Features
Integrates directly with DeFi protocols to use crypto collateral as credit, enabling real-world payments without liquidating assets. Powered by Brahma's infrastructure for secure, onchain transaction settlements.
User Comments
Simplifies spending crypto holdings
Seamless integration with DeFi yield strategies
Eliminates need to sell assets prematurely
Enhances liquidity for crypto investors
Innovative use of onchain collateral
Traction
Launched in 2024, partnered with Brahma (a leading DeFi infrastructure provider). Early-stage traction with specific metrics undisclosed.
Market Size
The global decentralized finance (DeFi) market is projected to reach $13.9 billion by 2028, driven by demand for non-custodial financial tools (Statista, 2023).
