Moonwell Card
by CypherD Wallet Inc.
The Moonwell x Cypher Card is a DeFi-native Visa debit card. It allows users to spend against their crypto holdings without selling them. By depositing assets into Moonwell (on Base, Moonbeam, or Moonriver), users can borrow USDC to fund the card. This structure preserves the user's long-term crypto position and yield generation while providing immediate liquidity for real-world spending. The card itself is a prepaid Visa Debit held in custody by Cypher's banking partners, while the collateral remains in Moonwell's non-custodial smart contracts.
Unique Features
- Borrow-and-Load: Fund card via DeFi loans
- Auto-Load: Automated trigger to refill card from line of credit
Pros
- Avoids taxable events triggered by selling crypto (using debt instead)
- Collateral continues to earn APY within Moonwell protocol
- Supports 'Auto-Load' to automatically borrow USDC when card balance is low
- Available on Base (L2), Moonbeam, and Moonriver
- No monthly maintenance fees
Cons
- Standard DeFi liquidation risks apply if collateral value drops
- 0.5% fee on every top-up (load)
- Borrowing USDC incurs variable interest rates
- Not available in New York state and Vermont
- Requires KYC with Cypher (third-party provider)
Integrations & Tech
Available In (35)
Not Available In (10)
Fee Structure
ATM Capabilities
Detailed Fee Structure
0.5% to load USDC on-chain to card
Detailed Limits
Fee Details
Fees are determined by Cypher. Standard Cypher pricing applies: 0.5% fee to load USDC (on-chain to card), 1.5% Foreign Exchange fee. Moonwell does not charge additional protocol fees for the card itself, but standard borrowing interest rates apply to the USDC borrowed.
Limits & Conditions
ATM withdrawals are generally capped at $2,000/day. Exact spending limits are determined by the KYC tier approved by Cypher's banking partner.
Crypto Capabilities
Security & Custody
Supported Assets
