Swype.Fun Card
Visaself-custodialKYC: required
No rating
Swype.fun is a DeFi-native virtual Visa credit card issued by Third National, enabling crypto users to spend without selling their digital assets. The card supports real-time USDC borrowing against collateral on Base (Aave/Euler) and HyperEVM (HypurrFi) networks, featuring non-custodial workflows and both borrow and spend modes.
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Slug: swype-fun-card
Latest News
Minimum collateral requirement lowered
August 1, 2025
Minimum collateral to get whitelisted for the Swype.Fun card has been lowered from $1,000 to $100.
Our Verdict
DeFi power users who want to leverage existing protocol positions for real-world spending, yield farmers who don't want to sacrifice earning potential, crypto holders who prefer not to sell assets for everyday purchases, and DCA enthusiasts who want to automate kHYPE accumulation through everyday spending.
Pros and cons
Pros
- Truly non-custodial architecture preserves DeFi principles
- No need to sell crypto assets to access spending power
- Continue earning yield on collateral while spending (up to 18% APY advertised)
- Zero annual fees and no added interest beyond protocol rates
- Low entry barrier with just $100 minimum collateral requirement
- Comprehensive rewards program with points, XP, and power-ups
- Innovative Hooks DCA feature for automated kHYPE accumulation
- Dual spending modes (borrow and spend) for different use cases
- Support for 12 vaults across multiple protocols at launch
- Euro and USD fiat accounts with on-ramp and off-ramp access
- Progressive Web App provides mobile access without app store requirements
Cons
- Restricted access for HyperEVM (top HypurrFi users only)
- Mandatory KYC may deter privacy-focused users
- Virtual card only; no physical card option
- Moderately high fees for non-USD purchases (1.5%-2% total)
- Smart contract wallets not yet supported (planned for future)
- No native iOS/Android app (PWA only)
- Spend mode restricted by invite code until August 19
- Limited public documentation on fiat account features and Swype for Teams
Supported chains
BaseEthereumGnosis
Supported cryptos
DAIETHUSDCUSDTweETH
Fees
Annual: $0.00 (free)
Issuance: $0.00 (free)
Purchase Transaction: 0.5% workflow execution fee on transaction amount (USD purchases)
Key Features
- Non-custodial architecture - users maintain full control of their crypto assets
- Real-time borrowing against DeFi collateral on Base (Ethereum L2) and HyperEVM
- Automatic USDC borrowing against Aave, Euler, or HypurrFi collateral when purchases are made
- Spend mode for direct spending from yield-earning stable vaults without borrowing
- Virtual Visa card with mobile wallet integration via Progressive Web App (PWA)
- Programmable spending with customizable limits and collateral selection
- Smart DCA feature called 'Hooks' for automated kHYPE accumulation
- Euro and USD fiat accounts with on-ramp and off-ramp access
- Yield Preservation - continue earning yield on collateral while spending (up to 18% APY)
- Zero annual fees and 0% APR on purchases (only DeFi protocol rates apply)
- Support for 12 vaults at launch across Felix, Hyperbeat, Hyperlend, and HypurrFi
Limitations
- Virtual card only - no physical card option
- Minimum $100 worth of crypto required as collateral (or invite code for Base; HyperEVM restricted to top HypurrFi users)
- High fees for non-USD payments (1.5%-2% total including workflow execution fee)
- Smart contract wallets not yet supported
- Progressive Web App only (no native iOS/Android app)
- Mandatory KYC may deter privacy-focused users
- Restricted access for HyperEVM (top HypurrFi users only)
- Spend mode restricted by invite code until August 19
- Limited public documentation on fiat account features and Swype for Teams
Risks
- MarketLiquidation risk when using volatile assets as collateral in borrow modeUsing volatile assets like ETH could offer higher yields but with increased liquidation risk. Transactions will be blocked if the collateral position falls too low.
- MarketVariable borrow rates from underlying DeFi protocolsOnly the underlying Aave/Euler/HypurrFi variable borrow rate applies - rates can change
- SecurityNovel integration of DeFi protocols with payment systems may contain unforeseen risksWhile these audits provide a level of assurance, users should remain aware that the integration of DeFi protocols with payment systems is relatively novel and may contain unforeseen risks.
- RegulatoryRegional restrictions subject to change based on regulatory developmentsSubject to change based on regulatory developments
Rewards & Cashback
Notes: Comprehensive rewards program including Points System, XP Program, Power-Ups, Protocol-Specific Benefits, and Swype Rewards. Hooks feature enables automated dollar-cost averaging (DCA) with every purchase for kHYPE accumulation.
Reward Token: Points, XP, kHYPE (via Hooks DCA)
Interest On Balance: Up to 18% APY on deposits
Eligibility Requirements: Minimum $100 worth of crypto required as collateral
Spending Limits
Notes: Transactions will be blocked if the collateral position falls too low, if the approval limit is reached, or if vault balances are insufficient in spend mode.
Atm Daily: Not available (virtual card only)
Atm Monthly: Not available (virtual card only)
Daily Spending: User-defined daily spending limit set via dashboard
Credit Line Max: Depends on collateral value and user-defined approvals
Monthly Spending: No fixed monthly cap; maximum spending determined by collateral value and approvals (borrow mode) or vault balance (spend mode)
Top-Up Methods
Crypto collateral deposit to Aave/Euler/HypurrFiStable vault deposits (Spend Mode)
Min Amount: $100 worth of crypto
Processing Time: Real-time borrowing at purchase (borrow mode); instant from vaults (spend mode)
Banking & Financial Services
✓
Virtual Accounts
Euro and USD fiat accounts with on-ramp and off-ramp access. Specific details regarding IBAN support, SEPA/SWIFT capabilities, account fees, and regional availability are not publicly documented at this time.
Credit & Loan Products
Loan Products
Real-time USDC borrowing against collateral on Aave V3, Euler Prime (Base), and HypurrFi (HyperEVM)
Interest Rates
Only the underlying Aave/Euler/HypurrFi variable borrow rate applies (0% APR from Swype itself)
Borrow mode: Traditional collateral-backed borrowing against Aave, Euler, or HypurrFi positions. Subject to collateralization ratios and liquidation risks. Spend mode: Direct spending from connected yield-earning stable vaults with no borrowing or liquidation risks.
Security Features
Audits: Spearbit,Code4rena,Ackee,Quill web-pen-test
Features: Non-custodial architecture,Smart contract delegation only,Passkey-enabled web app,SSL encryption,Standard web security
Mobile Wallet Support
Progressive Web App (PWA)No mobile wallet support
Best For
DeFi power users who want to leverage existing protocol positions for real-world spending, yield farmers who don't want to sacrifice earning potential, crypto holders who prefer not to sell assets for everyday purchases, and DCA enthusiasts who want to automate kHYPE accumulation through everyday spending.
Custody Model
self-custodialUsers control private keys and assets in their own wallets at all times. Swype only has smart contract delegation to borrow or spend, never direct custody. Custody never transfers to the provider; assets remain on-chain with the user.
Risk: If provider disappears, users keep full access to their funds. Brahma only has delegation rights to borrow on user's behalf (borrow mode) or access to approved vault funds (spend mode). The company cannot withdraw or seize user's crypto assets.
Card Issuer & Compliance
Issuer Name: Third National
Kyc Required: true
Issuer License: Card program issuer
Platform Licenses: BrahmaFi Ltd (British Virgin Islands),Rain (card program partner),SumSub (KYC verification)
Availability
Available in 181 countries. Restricted in 19 countries including Belarus, China, Cuba, Egypt, India, Iran, Israel, Myanmar, Nepal, Nigeria, North Korea, Palau, Russia, South Africa, Syria, Turkey, Ukraine, Venezuela, Vietnam. US: Partial availability - not available in 20 states (Arizona, Delaware, Georgia, Idaho, Louisiana, Maryland, Missouri, Montana, Nevada, New Mexico, North Dakota, Ohio, Oregon, Rhode Island, South Dakota, Utah, Vermont, Washington, Wisconsin, Wyoming). Available in 30 US states.
Card Tiers
Base Network Access
Virtual onlyVirtual only
$100 worth of crypto in Aave or Euler on Base OR limited-time invite codes
Fees
Issuance: $0.00 (free)
VisaProgressive Web App (PWA)
APR: Only the underlying Aave/Euler variable borrow rate applies
Aave V3 and Euler Prime protocol supportKYC via SumSub required
HyperEVM Network Access
Virtual onlyVirtual only
Top HypurrFi users only (eligibility check required)
Fees
Issuance: $0.00 (free)
VisaProgressive Web App (PWA)
APR: Only the underlying HypurrFi variable borrow rate applies
HypurrFi protocol supportHooks DCA Feature availableKYC via SumSub required
Spend Mode Access
Virtual onlyVirtual only
Restricted by code until August 19, then $100 deposit required
Fees
Issuance: $0.00 (free)
VisaProgressive Web App (PWA)
APR: No borrowing interest; only vault yield dynamics apply
12 vaults across HypurrFi, Felix, Hyperlend, and HyperbeatHooks DCA Feature availableUSDT0 live, USDe and USDhI coming soonKYC via SumSub required
Token Economics
kHYPE (for Hooks DCA feature)on HyperEVM
User Ratings
Early social media feedback praises the instant borrowing and spending flow. One user described it as 'a DeFi protocol inside a card – insane.' Limited feedback due to recent launch and restricted access model.
Roadmap & Updates
Planned Features:
- Smart contract wallet support (such as Gnosis Safe)
- Swype for Teams with shared accounts, controls, and multiple cards for business use
- Merchant-category blocks
- USDe and USDhI vault support
Recent Updates:
- August 1, 2025: Minimum collateral lowered from $1,000 to $100
- July 2025: Launch on Base and HyperEVM networks
- Spend mode introduction with 12 vaults
Conclusion
Swype.fun represents a significant innovation in the crypto payment card space by creating a truly DeFi-native spending experience. Unlike traditional crypto cards that require asset conversion or centralized custody, Swype's non-custodial model allows users to maintain ownership of their crypto assets while gaining real-world spending power through on-chain borrowing or direct vault spending. The card's most distinctive features include its ability to preserve yield-earning potential while enabling everyday purchases (with advertised rates up to 18% APY), the innovative Hooks DCA feature for automated kHYPE accumulation, and its comprehensive rewards ecosystem with points, XP, and power-ups. With the reduced collateral requirement of just $100 and integration with multiple protocols across Base and HyperEVM networks, Swype has significantly lowered the barrier to entry while offering substantial rewards for ecosystem participants. Swype.fun is ideally suited for crypto-native users who maintain DeFi positions and want to leverage those assets for spending without sacrificing ownership or yield potential.
Card launched: July 2025 (currently in limited access)
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