Telegram crypto wallet unveils yield for Bitcoin, Ethereum and USDT holdings

Wallet in Telegram, a crypto solution integrated into the messaging app, has launched onchain yield features for users holding Bitcoin, Ethereum, and USDT through its self-custodial TON Wallet. This integration is facilitated by Morpho, TAC, and Re7. The new 'vaults' allow users to deposit assets into strategies generating variable yield, with the top USDT strategy offering a blended APY up to 18% powered by Re7's DeFi strategy. This move aims to bridge sophisticated DeFi protocols with Telegram's large user base, as developers continue to explore ways to engage users within The Open Network (TON) ecosystem. Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, stated that offering self-custodial vault strategies for major assets directly within the TON ecosystem is a significant step toward universal decentralized finance access.

(Source：The Block)