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Abra runs six yield strategies, and each has its own page. Bitcoin Yield is delivered through BTCaf, a tokenized BTC yield strategy. Ethereum Staking is delivered through ETHaf and Solana Staking through SOLaf, with Solana validators run on Kiln infrastructure. The USDaf Dollar Yield Strategy is for stablecoin balances. XRP Yield, coming soon, is designed to earn in-kind XRP. The Abra Digital Income Strategy is Abra's multi-asset income mandate across digital assets.

The strategies share one structure and differ in what they hold. Each is a distinct product with its own liquidity terms and risk profile, all stated on the strategy page rather than here. All six are accessed through Abra Capital Management, LP, an SEC-registered investment adviser, and the strategy tokens (BTCaf, ETHaf, SOLaf, USDaf) are issued by AbraFi. Yield is variable and not guaranteed, and a strategy can lose value.

The method depends on the asset. For Ethereum and Solana, yield comes from staking and protocol rewards: the strategy stakes the asset with validators, and rewards accrue to the account. For Bitcoin, BTCaf deploys BTC collateral across a diversified set of yield strategies and is designed to maintain substantially delta-neutral BTC exposure, so the aim is to earn in kind without taking a directional view on the price of Bitcoin. The dollar strategy applies the same in-kind, delta-neutral approach to stablecoin balances.

XRP does not natively stake, so XRP Yield uses a different method, described on its page. The Abra Digital Income Strategy combines sources and is likewise described on its own page. In every case the mechanics are disclosed in the product documentation before you allocate, and Abra's team will walk through them. Delta-neutral does not mean risk-free: each strategy carries market, counterparty and, where on-chain venues are used, protocol risk.

Every yield strategy runs inside a separately managed account, or SMA, titled to you. The account is not pooled into a fund and does not sit on Abra's balance sheet. Abra Capital Management, LP manages the strategy under an advisory agreement, which gives it authority to run the strategy you select and nothing more. Assets are held in custody by Fireblocks Trust Company, LLC, with Fireblocks multi-party computation (MPC) key management, so no single party, including Abra, can move assets alone.

Abra does not rehypothecate client assets. When you allocate to BTCaf, ETHaf, SOLaf or USDaf, your asset is exchanged for the strategy's staked token (for example sBTCaf), issued by AbraFi, an ACM affiliate. Your account holds the tokens at Fireblocks Trust; AbraFi holds and deploys the underlying assets under the strategy terms, which adds counterparty and smart contract risk. Statements show positions, transfers and accruals per account, so a trustee, auditor or investment committee can see the strategy and the custodian. If you want custody without an active strategy, Vault provides that on its own.

Start from the asset. If you hold Bitcoin and want to keep the position, Bitcoin Yield (sBTCaf) is the page to read. If you hold ETH or SOL, the Ethereum Staking (sETHaf) and Solana Staking (sSOLaf) pages explain managed staking. If you hold dollar stablecoins, whether as a treasury reserve or as cash you are not ready to deploy, the USDaf Dollar Yield Strategy page applies. If you hold XRP, the XRP Yield page explains how in-kind yield works for an asset that does not stake.

If you would rather hold one mandate than several asset-specific ones, read the Abra Digital Income Strategy page. Whichever you choose, compare the liquidity terms against when you might need the balance back: assets in a strategy are subject to that strategy's redemption terms and are not as immediately available as assets in custody. The simulator lets you model an allocation before you speak to an adviser.

Yield strategies can lose value. Returns are variable, not guaranteed, and may be negative in a given period. Each strategy carries market risk on the underlying asset, counterparty risk where it relies on venues or service providers, and protocol risk where it uses on-chain infrastructure. Staking strategies carry validator and unbonding risk. Digital assets held at Abra are not bank deposits and are not FDIC or SIPC insured.

There are structural tradeoffs too. Assets in a strategy are subject to its liquidity terms, so they are less available than assets in custody. An advisory relationship adds a fee, disclosed in Form ADV and on each strategy page. Custody relies on third-party infrastructure, including Fireblocks. Read the product documentation for each strategy before allocating, and keep any balance you may need at short notice in custody rather than in a strategy.