Compare crypto loan and yield rates: how Abra runs the numbers.

Abra's comparison pages set crypto loan and yield rates side by side on one stated method: dated figures, named sources and every fee counted. This hub states the criteria once. Abra has a commercial interest in the products included in these comparisons, so the method, verification dates and circumstances in which another product may have different or more favorable terms are stated here.

Key takeaways

• Every comparison holds one scenario constant across providers, adds every disclosed fee to the rate, and dates each figure to the day it was verified.
• Primary sources are each provider's own published terms, then on-chain data where a product is funded by a public lending market; unpublished fields are left empty rather than estimated.
• Abra has a commercial interest in every comparison it publishes, so each page identifies material differences among the compared products, including circumstances in which another provider or benchmark may have different or more favorable terms.
• Figures refresh weekly by a scheduled job, and the verification date sits on every table; each competitor figure carries the date the provider's own published disclosure was read, and a provider that does not publish usable current pricing is shown without a figure rather than with an estimated one.

What does Abra compare, and on what criteria?

Abra compares the rates and prices of digital asset custody, collateralized lending, trading, and yield products against other key competitors in the industry. The crypto-backed loan comparison measures the illustrative annualized borrowing cost of a $250,000 loan secured by $500,000 of collateral, 50% loan-to-value, held for twelve months, at Abra, Coinbase, Figure and Ledn. It reports each lender's own published terms and does not state an all-in cost figure for a lender whose pricing is not published, because Abra will not assert a competitor's price it cannot substantiate. The crypto yield comparison sets Abra's BTCaf target of 2 to 5% APY and USDaf target of 4 to 10% APY, both as published on the BTCaf and USDaf product pages in September 2026, beside the FDIC national average savings rate (FDIC, National Rates and Rate Caps (published monthly), 12 C.F.R. § 337.7), the three-month Treasury bill, SOFR, a government money market fund reference, and published venue and DeFi lending rates. Both targets are variable and not guaranteed, and both strategies can lose principal. Yield figures are dated snapshots and Abra's targets are variable and not guaranteed.

The criteria are the same on both pages. A single scenario is held constant across every provider. Every disclosed fee is added to the rate, and a fee charged on collateral is converted into a percentage of the loan by dividing by loan-to-value. The basis of every figure is stated: target or realized, APY or APR, gross or net, fixed or variable. Structural factors that outweigh a rate difference are listed beside the numbers: custody model, rehypothecation, liquidation mechanics, liquidity terms, term structure and jurisdiction.

How to compare crypto loan rates: the all-in cost of borrowing

How are rates verified, and how often?

Each provider's own published terms are the primary source and are preferred over third-party reporting wherever both exist. Where a provider's own pages disagree, the more specific and more recently updated one is used. On-chain and protocol data is used where a product is funded by a public lending market, as with Coinbase's USDC loans, which are powered by Morpho on Base with pledged BTC converted to cbBTC; Coinbase now offers both a variable-rate loan and a fixed-rate cbBTC-backed USDC loan through Morpho, and the collateral set has expanded beyond cbBTC to nine markets, adding ETH, XRP, SOL, ADA, DOGE and LTC (Coinbase, “Crypto-Backed Loans” (accessed Sept. 24, 2026); Morpho, “Coinbase” case study (accessed Sept. 24, 2026)). On-chain data can also supply figures a provider does not publish, such as a liquidation threshold enforced in a contract.

Variable rates are shown as a short trailing average rather than a spot value. Third-party reporting is used sparingly and marked as such. Unpublished fields are left empty rather than estimated. Providers are excluded where every advertised rate depends on holding the provider's own token, which implies nothing about that provider's competitiveness in either direction.

A scheduled job refreshes figures weekly, and the verification date is printed on every table and in each page's methodology line. On the loan comparison, each competitor figure carries the date the lender's own published disclosure was read, and a lender that publishes no usable current pricing is shown without a figure rather than with an estimated one. On the yield comparison, benchmark rows carry their own source and date, and a benchmark with no verified figure is shown without one. Loan terms, rates and LTV limits vary by provider and change without notice; verify current terms directly with each lender.

How to compare crypto yield rates: targets, benchmarks and what sits behind the number

Is a comparison published by Abra independent?

No, and the pages say so. Abra Capital Management, LP is an SEC-registered investment adviser (Abra Capital Management, LP, Form ADV Part 3 (Form CRS), SEC Investment Adviser Public Disclosure, March 31, 2026; IAPD firm record, CRD No. 323353 / SEC File No. 801-129529), participates in arranging or identifying the financing offering described in the loan comparison, and manages the yield strategies in the yield comparison. It has a commercial interest in both. Independence is not claimed; the comparison instead uses a stated methodology, primary sources, dated figures and disclosure of material differences that may favor another product or benchmark.

Each page therefore identifies material differences. On loans: Ledn publishes stated nominal rates that are fixed for the term of a given loan but subject to change for new loans, refinancing or renewal, while Figure publishes a stated nominal rate quoted at 50% loan-to-value and does not describe it as fixed (Ledn, “Bitcoin-backed Loans” (accessed Sept. 24, 2026); Figure, crypto loan calculator (accessed Sept. 24, 2026)). At a low loan-to-value a lender whose fees are charged only on the loan can cost less than Abra despite a higher headline rate, because Abra's 0.20% annual collateral fee grows as a share of the loan the more conservatively you borrow. On yield: FDIC-insured deposits, government money market funds and Treasury bills have materially different risk, liquidity and principal-protection characteristics from Abra's yield strategies — Treasury securities are backed by the full faith and credit of the US government (SEC Office of Investor Education and Advocacy, Treasury Securities, Investor.gov; see also 31 U.S.C. § 3123) — and a DeFi vault can post a higher headline rate than Abra's targets.

Competitor figures are the competitor's own published disclosures. Abra does not warrant their accuracy or completeness, and the terms a provider actually offers may differ from its published terms. Registration with the SEC does not imply a certain level of skill or training.

Which comparison should you read first?

For readers evaluating borrowing against Bitcoin or Ethereum, the loan comparison explains the stated costs and structural terms of the compared offerings. It works through the fees that sit outside the advertised rate, shows a worked example in which a 5.00% rate costs 7.00% to carry, and gives you six steps to run the arithmetic on your own loan size and loan-to-value. Read the structural factors before the price table; your state, your collateral asset and whether you need a fixed rate can disqualify a lender before cost matters.

For readers evaluating yield alternatives for stablecoins, cash or Bitcoin, the yield comparison describes the basis, risks and limitations of the compared rates. It pins down what a yield rate measures, sets Abra's targets and the latest realized month beside the dollar benchmarks, and explains how the spread over the T-bill may be evaluated together with the materially different risks of the strategy. Then use the simulator to model a scenario on your own figures, and take the output to an adviser conversation. Nothing on these pages is a recommendation; each is a method you can repeat with any provider's terms in front of you.

Model a loan or yield scenario in the Abra simulator

Disclaimer. Abra Capital Management, LP is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training, nor endorsement by the SEC. Abra is a party to every comparison published here and has a commercial interest in crypto-backed lending and in its yield strategies. Competitor information is compiled from publicly available disclosures as of the dates shown and refreshed weekly; rates and terms change frequently and without notice, Abra does not warrant the accuracy or completeness of third-party information, and terms actually offered by other providers may differ from their published terms. Target yields are variable and not guaranteed. Yield strategy tokens (BTCaf, ETHaf, SOLaf, USDaf, XRP yield) are issued by AbraFi and accessed through Abra Capital Management. Crypto-backed loans involve substantial risk, including liquidation of collateral. Abra products and accounts are not FDIC or SIPC insured (FDIC, Fact Sheet: What the Public Needs to Know About FDIC Deposit Insurance and Crypto Companies, July 28, 2022; SIPC, What SIPC Protects). This page is educational and is not investment, legal, tax or accounting advice, and it is not an offer of credit or of any security.