New at Ledger! You can now generate yields with your Stablecoins
Ledger has announced the launch of a feature that allows users to earn income with Stablecoins directly from the self-custody mode, without the need to move funds from your wallet. This innovation comes in collaboration with Kiln Finance, which acts as a bridge between Ledger and DeFi protocols.
Indeed, Ledger claims that the integration makes access to DeFi yields more intuitive, including clear transaction signing.
In fact, funds can be withdrawn at any time, removing barriers such as lock-up periods or withdrawal restrictions typically imposed by centralized custodians.
This makes Ledger's new functionality an interesting option for those who value both sovereignty over their assets and income generation.
Ledger launches yield feature for Stablecoins:
This functionality does not require transferring assets to third parties or directly interacting with Smart Contracts. Everything is managed from the Ledger Live interface, while the assets remain safeguarded in the user's physical wallet.
Through its Ledger Live App, users can earn income of up to 9.9% annually on Stablecoins USDC, USDT, USDS, and DAI through various DeFi lending protocols, such as Aave, Compound, MorphoLabs, Sky, and Spark. In this way, users maintain full control over their assets.
