Ledger Wallet rolls out ‘BTC yield’ feature in collaboration with Lombard and Figment

Crypto hardware manufacturer Ledger has introduced a 'bitcoin yield' feature in its Ledger Wallet, enabling users to explore yield opportunities for Bitcoin through collaborations with Lombard and Figment. This functionality, accessible in the Discover section, allows users to access Lombard's LBTC, an institutional-grade, BTC-backed, yield-bearing token. LBTC generates yield by supporting network validation via Figment on the Babylon Bitcoin Staking Protocol, without staking on Bitcoin's base layer. Ledger executives stated this addresses the fragmentation gap for BTC holders who previously had limited options for generating returns. Users deposit BTC via Ledger Wallet, which is then converted into LBTC through a process involving two transactions for Lombard's implementation. While the firms view this as activating dormant onchain supply, Ledger did not disclose details on yield rates, risk profiles, or jurisdictional availability, nor did it clarify self-custody definitions post-conversion.

(Source：The Block)