Stablecoins help users manage crypto volatility while earning DeFi yields.
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.
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.
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
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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Introducing Stablecoin Yields in Ledger Live. Your stablecoins, your yield — no compromises. Now earn up to 9.9% APY on $USDT, $USDC, $USDS & $DAI through Ledger Live with full self-custody. Powered by @Kiln_finance, integrated with top protocols like @aave, @compoundfinance, Show more
🚨 Announcement: slvlUSD APY update: 9.28% The latest yield distribution (April 24) is in, and 9.28% APY ranks among the highest stablecoin yields in the market. 📈💰 Here’s how to get in on the action: 1️⃣ Get lvlUSD → Mint here level.money/dashboard/buy 2️⃣ Stake for Yield → Show more
