Introduction

For most digital asset holders, funds typically have three destinations, each with significant drawbacks:

• Stored in exchange accounts: Convenient to operate, but assets are held on the platform, raising ongoing concerns about security and transparency, and most of the time do not generate returns.
• Kept idle in wallets: Assets are secure, but simply "stored" without generating on-chain yields.
• Deposited in DeFi protocols: There is an opportunity to earn returns, but the operations are complex and risks are hard to gauge; once invested, it is difficult to withdraw for consumption at any time.

Users often need to make trade-offs between security, returns, and liquidity.

BenPay Earn Card was created to resolve this long-standing contradiction:

Without sacrificing the security of self-custody, it allows funds to be available for payment at any time while participating in on-chain earning.

I. The Triple Dilemma of Digital Asset Holders

1. Limitations of "Asset Idleness"

When crypto assets are held in the form of stablecoins, their value is relatively stable, avoiding issues of price depreciation. However, if funds remain in exchange accounts or cold wallets for a long time, it becomes difficult to earn native yields generated by on-chain protocols; assets are merely "saved" rather than truly "used."

2. Barriers of "High Threshold Fear"

To appreciate asset appreciation through DeFi, users need to learn a series of specialized knowledge, including wallet creation, private key management, network switching, protocol selection, understanding impermanent loss, and Gas optimization. A single operational mistake could lead to permanent asset loss, and this fear deters many people.

3. Inconvenience of "Liquidity Fragmentation"

Even if users bravely enter DeFi, they face a practical issue: funds are often locked in liquidity pools or lending protocols, making them unavailable for daily consumption. When payment is needed, they must first redeem, wait for confirmation, and pay high gas fees—making the entire process cumbersome and costly.

II. BenPay Earn Card: Enabling Funds to Appreciate While Being Readily Available

Addressing the most common triple reality issues faced by digital asset holders—long-term idleness of funds, high operational thresholds in DeFi, and the difficulty of balancing returns with liquidity—BenPay Earn Card offers a solution that is more in line with daily habits.

1. Automatic Asset Appreciation with Clear Returns

On-chain earning is achieved through BenPay's Earn (DeFi Earn)** system. Once users activate the "Earn**" button, the card account balance will automatically connect to selected on-chain DeFi protocols. It is important to clarify that *on-chain earning does not mean interest is calculated on the card itself*, but rather that *the card account balance participates in the on-chain protocols through the earning system*, with the entire process being seamless for the user.

Without affecting daily payment usage, funds continuously participate in on-chain activities, with earnings settled daily and credited on the same day, starting from an annualized rate of 3% (subject to real-time yields from on-chain protocols). Earned returns can continue to participate in on-chain earning, achieving a balance between liquidity and long-term returns.

2. Completely Leaving DeFi Complexity in the Background

The Earn Card does not require users to understand protocol mechanisms, compare yields, calculate Gas costs, or manually reinvest. Users simply need to press the "Earn" button, and the rest of the process is automatically completed by the system. The overall experience is closer to traditional payment products while still retaining the core advantages of on-chain earning, transforming DeFi earning capabilities from "specialized tools" into "basic functions."

3. Maintaining Immediate Availability of Funds While Earning On-Chain

Unlike traditional DeFi, funds in the Earn Card are not locked in protocols. When users make daily purchases, the card account balance can be transferred to the card balance at any time, directly used for payments, achieving a seamless connection between "appreciation" and "usage" of funds.

4. Security Architecture Design Based on On-Chain Self-Custody

The Earn Card consistently adheres to the principle of self-custody, with users controlling their private keys, and the platform not touching or holding user assets. All operations can be verified on-chain. Additionally, the Earn Card only integrates top-tier DeFi protocols that have been validated by the market over time, balancing yield efficiency while minimizing systemic risks.

5. Incentive Mechanism Enhancing User Experience and Community Value

To encourage more users to experience the convenience and appreciation capabilities of the Earn Card, BenPay launched a first-release incentive system upon the card's launch. This not only allows users to enjoy returns during daily use but also brings additional rewards through sharing, creating value sharing:

• Free Card Opening: The first 200 users can open a card for free;
• Invitation Rewards: Successfully inviting friends to open a card and recharge can directly earn a cash reward of 2 USD;
• Recharge Gifts: During the event period, based on the cumulative recharge amount ranking, the top ten users will receive an additional 3 USDT airdrop reward.

BenPay Earn Card breaks the binary choice of digital assets being "idle or locked," establishing a new balance between self-custody, on-chain earning, and immediate availability—leaving the complexity of DeFi in the background while providing users with returns and convenience. At the same time, users can not only appreciate their assets on demand but also gain additional earnings through early incentive social sharing.

III. Why BenPay Earn Card is a Breakthrough Product

BenPay Earn Card is not a simple combination of existing solutions but achieves a seamless integration of traditional finance and on-chain world experiences through innovative underlying architecture. Its breakthroughs are reflected in product mechanisms, technical implementations, and user experiences, solving the dilemma of "payment" versus "appreciation."

1. Unique "Three-Layer Account" Structure for Intelligent Fund Coordination

• Based on the self-custody wallet on BenFen: Users fully control their private keys, with 100% ownership of assets.
• Card account balance: After activating on-chain earning, it automatically participates in selected blue-chip protocols, earning on-chain daily.
• Card balance: Available for global consumption at any time, instantly usable.

The "three-layer account" maximizes fund efficiency, allowing the same funds to participate in both on-chain earning and immediate consumption without being forced to switch between "security, appreciation, and payment," ensuring assets continue to generate value while maintaining liquidity.

2. Ultimate Automation Experience Minimizing User Burden

• One-click earning: Activating the switch automatically completes the entire process of protocol selection, fund allocation, and yield reinvestment.
• Zero Gas payments: Daily consumption transfers funds from the earning account, with users not needing to perceive the redemption and confirmation processes, incurring no additional fees.
• Transparent fees: 0 opening fees, 0 management fees, with daily earnings clearly visible and verifiable on-chain.

The core of this design is not to make DeFi more "complex," but to completely remove complexity from the user's perspective. Users do not need to understand protocol differences, Gas mechanisms, or reinvestment logic; the process is automatically completed and verifiably executed by the system on-chain.

3. On-Chain Security Transparency and Protocol Selection

• Fully Verifiable On-Chain: All operations are recorded on-chain, with a transparent process that can be checked at any time.
• Selected Blue-Chip Protocols: Only integrating top-tier DeFi protocols that have been validated by the market over time, with controllable risks.

Achieving a balance between fund security and returns, all operations are verifiable on-chain, with a transparent process, and only integrating top-tier DeFi protocols that have been validated over time, allowing assets to appreciate in a controllable and reliable manner.

IV. Application Scenarios: Reconstructing Digital Asset Life

Improving Fund Utilization

Funds held in the form of digital assets can be directly deposited into the BenPay Earn Card, covering daily consumption needs while participating in the on-chain earning process, maintaining higher liquidity and fund utilization during usage.

Cash Flow Tool for Long-Term Holders

Holders who are optimistic about cryptocurrencies in the long term but need some liquidity can place part of their assets in the BenPay Earn Card, balancing daily consumption capabilities and asset appreciation without affecting the original operation of the funds.

Entry Ladder for DeFi Newbies

New users interested in DeFi but hesitant to try can experience on-chain earning through the BenPay Earn Card in the simplest way, gradually building their understanding and confidence.

V. Industry Significance: An Important Step Towards Mainstream Adoption

BenPay Earn Card reflects a shift in the Web3 product mindset: no longer just serving professional players, but designed for a broader audience.

The key to achieving this lies in three aspects:

1. Leaving Complexity in the Background

Users do not need to understand smart contracts, Gas fee calculations, or reinvestment logic; they simply need to manually activate the on-chain earning button, with all other complex processes automatically completed by the system, providing a user experience closer to traditional payment products.

2. Simplicity Without Compromising Core Principles

While operations become simpler, the essence of Web3—self-custody, on-chain transparency, and openness—is still upheld, allowing users to truly control their assets.

3. Direct Connection to Real Life

Through the form of a virtual card, there is no need to convert cryptocurrencies into fiat currency in advance; it can be directly used for real-world consumption while simultaneously achieving appreciation of on-chain assets.

This underlying thought has significant implications for the entire industry: true scalable adoption does not mean making ordinary people learn blockchain, but rather allowing blockchain to integrate more naturally into the usage patterns users are already familiar with.

Conclusion: Making Assets "Move"

In the traditional financial system, funds often exist in two states: either used for consumption or stored in accounts, ceasing to operate. The BenPay Earn Card organically combines the two: funds continuously participate in on-chain operations while waiting for consumption instructions. This maximizes the value of every asset under the premise of safety and autonomy, improving fund utilization. Whether for daily payments, asset appreciation, or cash flow management for long-term holdings, users can freely allocate funds within a unified account system, achieving "earn while spending."

Disclaimer

The content described in this article is for introducing the product functions and usage of the BenPay Earn Card and does not constitute any form of investment advice or return commitment. Digital assets are subject to price fluctuations and potential risks; users should independently assess and bear the corresponding risks when participating in on-chain earning or related financial activities.

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