CoinsOnCards

    Swype.Fun CardReview

    Non-custodial virtual Visa credit card for borrowing USDC against collateral on Base and HyperEVM.

    · Updated: August 1, 2025: Minimum collateral lowered from $1,000 to $100
    Visit issuer
    Cashback
    Up to 0.00%
    Custody
    self_custodial
    KYC
    full
    Networks
    —
    Monthly fee
    Free
    Available in
    —

    The verdict

    Best for: DeFi users borrowing against Base/HyperEVM collateral or spending from yield vaults.

    Skip if: You need a physical card, no-KYC, or smart contract wallet support.

    • Earn up to 18% APY on collateral while spending against it.
    • Pay 1.5%-2% total fees on non-USD Visa-network purchases.
    • Borrow against Aave/Euler on Base or spend from 12 HyperEVM vaults.
    Get the Swype.Fun Card

    How it works

    • * **Non-Custodial Architecture**: Users maintain full control of their crypto assets in their own wallets.
    • * **Real-Time Borrowing**: Automatically borrows USDC against DeFi collateral on Base (Aave, Euler) and HyperEVM (HypurrFi) at the point of sale.
    • * **Spend Mode**: Spend directly from yield-earning stablecoin vaults without borrowing.
    • * **Virtual Visa Card**: Instant issuance of a virtual card accepted wherever Visa is accepted.
    • * **Hooks DCA Feature**: Automatically dollar-cost averages into kHYPE with every card purchase.
    • * **Fiat Accounts**: Provides access to Euro and USD accounts with on-ramp and off-ramp capabilities.
    • * **Programmable Spending**: Users can set custom spending limits and select collateral.

    Funding: Crypto collateral deposit to Aave/Euler/HypurrFi · Stable vault deposits (Spend Mode)

    Fees

    BankingVirtual accounts: true · 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.

    Borrowing terms

    Interest: Only the underlying Aave/Euler/HypurrFi variable borrow rate applies (0% APR from Swype itself)

    Real-time USDC borrowing against collateral on Aave V3, Euler Prime (Base), and HypurrFi (HyperEVM)

    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.

    Custody & risk

    • If the issuer disappears
      While the non-custodial model enhances security by keeping assets in user control, it relies on audited smart contracts. Users are still exposed to the inherent risks of the underlying DeFi protocols (e.g., Aave, Euler, HypurrFi), including smart contract vulnerabilities and liquidation risk in borrow mode.
    • Market risk
      Liquidation risk when using volatile assets as collateral in borrow mode
    • Market risk
      Variable borrow rates from underlying DeFi protocols
    • Security risk
      Novel integration of DeFi protocols with payment systems may contain unforeseen risks

    Swype.fun operates on a fully non-custodial model. Users retain their private keys and full control over their assets in their personal wallets. The platform uses smart contract delegation to borrow against collateral or spend from approved vaults, but it never takes direct custody of user funds.

    Protections

    • Non-custodial architecture
    • Smart contract delegation only
    • Passkey-enabled web app
    • SSL encryption
    • Standard web security

    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)

    The good

    • Truly non-custodial; users control their private keys.
    • Earn up to 18% APY on collateral while spending.
    • Low entry barrier with $100 minimum collateral.
    • Dual modes: borrow on Base or spend from 12 vaults.

    The catches

    • Virtual card only; no physical card available.
    • High non-USD fees: 1.5%-2% total per transaction.
    • Smart contract wallets like Gnosis Safe not yet supported.

    Limitations

    • moderateVirtual card only - no physical card option
    • moderateMinimum $100 worth of crypto required as collateral (or invite code for Base; HyperEVM restricted to top HypurrFi users)
    • moderateHigh fees for non-USD payments (1.5%-2% total including workflow execution fee)
    • moderateMandatory KYC may deter privacy-focused users
    • moderateRestricted access for HyperEVM (top HypurrFi users only)
    • minorSmart contract wallets not yet supported
    • minorProgressive Web App only (no native iOS/Android app)
    • minorSpend mode restricted by invite code until August 19
    • minorLimited public documentation on fiat account features and Swype for Teams

    Recent activity

    • August 1, 2025
      Minimum collateral requirement lowered
      Minimum collateral to get whitelisted for the Swype.Fun card has been lowered from $1,000 to $100.

    What users say

    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.