The platform introduced a dollar yield product offering up to 7.5% APY on bitcoin-backed loans. Lava raised $17.5 million in a Series A extension round backed by angel investors, including former Visa and Block executives. A New Yield Product for Dollar LendersAlongside the funding, Lava launched a dollar yield product that allows users to supply dollars, which in turn fund bitcoin-backed loans on the platform. “We believe lending against bitcoin provides a very attractive risk-adjusted yield, but lending against other assets entails too much risk,” he said. Future Outlook For LavaWith $17.5 million in fresh capital and a new yield product live, Lava is set for success.