Ledger Live Introduces Stablecoin Yields with Up to 9.9% APY

Now, Ledger has introduced a new way to earn up to 9.9% APY on popular stablecoins like $USDT, $USDC, $USDS, and $DAI. This is directly through its Ledger Live platform.

This new feature marks a significant leap in giving users more control over their crypto investments. It allows them to earn passive income through stablecoin yields with full self-custody.

Secure Stablecoin Yields with Full Control in Ledger Live

For crypto enthusiasts, self-custody is a crucial component of decentralized finance. With Ledger Live’s new stablecoin yield feature, users maintain control over their assets by holding them in their Ledger hardware wallet. Unlike centralized exchanges, users must trust a third party to store and manage their crypto. In contrast, Ledger offers a more secure and private way to participate in DeFi. This ensures that users can access their stablecoins anytime, without relying on a third-party custodian.

With the ability to earn up to 9.9% APY, users can take full advantage of the stablecoin yields in a secure environment. By partnering with Kiln Finance, Ledger integrates with top DeFi protocols like Aave, Compound Finance, MorphoLabs, Spark, and Sky. This will give users access to best-in-class yields that far exceed the typical 3% offered by centralized exchanges.

The beauty of this integration is that it simplifies DeFi participation for newcomers. This feature offers a direct way to earn passive income. This is without needing to manage separate wallets or navigate complicated smart contracts.

More About Stablecoin Yields

Level, a stablecoin protocol focused on delivering high-yield opportunities, has announced its latest slvlUSD APY update: 9.28%. This figure, based on the April 24 yield distribution, ranks among the top stablecoin returns currently available. The APY is calculated by dividing the protocol revenue allocated to slvlUSD by its average daily market cap since the last distribution, then annualized with compounding.

While the performance is impressive, it comes with the usual disclaimer that past returns don’t guarantee future results. Additionally, slvlUSD is not available to U.S. persons due to regulatory restrictions.

Disclaimer

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