Case Study: Axal achieves 9% APY automated DeFi savings with Alchemy Smart Wallets

Axal cuts deposit time to 400ms and gas fees by 99% with Alchemy

Axal, a provider of automated stablecoin savings accounts, faced significant infrastructure barriers to delivering simplified, high-yield DeFi to its users. The challenges included gas accounting complexity and sequential processing bottlenecks, which created high friction for onboarding, a poor user experience with slow transactions, and high operational costs. To overcome this, Axal turned to vendor Alchemy and its smart wallet solution.

By implementing Alchemy's Smart Wallets, Axal leveraged ERC-7702 enabled accounts and bundler infrastructure for transaction batching and gas sponsorship. This solution resulted in dramatic improvements: deposits to multiple protocols now complete in approximately 400ms, a massive reduction from over a minute. The vendor Alchemy also helped achieve a 99% reduction in gas fees and enabled users to earn a 9% average APY through automated, multi-protocol diversification that was previously impossible.

Axal