What is Pyra?

Pyra is a DeFi-powered neobank built on the Solana blockchain, enabling users to deposit crypto assets, earn real yield, and spend their value worldwide via a Visa card without ever selling holdings—avoiding capital gains taxes and allowing continued compounding. Instead of selling assets like traditional crypto cards, Pyra provides an overcollateralized line of credit through on-chain DeFi loans powered by protocols like Drift, where users borrow USDC for transactions while their collateral remains invested and self-custodied in on-chain wallets.

Features include automatic paycheck investment into yield-bearing assets, no-fee liquidation protection (with automated collateral swaps via Jupiter), programmable spending limits, support for Apple/Google Pay, and minimal fees (0.5% on bank transfers/swaps, 1.2-2% FX for non-USD).