Metamask, the Ethereum-based crypto-wallet, offers its users the opportunity to earn interest on their stablecoins thanks to a new partnership with decentralized credit protocol Aave.
The position, called Stablecoin Earn, gives the million-plus users from Metamask access to yields on USDC, USDT and DAI without leaving their wallets. The income comes from Aave’s credit infrastructure, which offers proceeds in exchange for the deposit assets that can be borrowed by others.
Stablecoins, who have become one of the most popular areas in crypto, thanks in part to the new legislation in the US, initially grew from the Defi space.
Earning passive proceeds on Stablecoins in the Metamask portion, which is aimed at setting services and web3 access, removes the need to navigate to navigate complex decentralized financial interfaces or platforms from third parties, the company said.
Metamask, built by Core Ethereum Development Firm Consensys In 2016, has a solid partner in Aave, who claims to be the largest Defi -credit protocol with a total value locked at more than $ 50 billion.
The MasterCard-powered Metamask payment card is also part of the integration, the companies said, so that users can publish the revenue AUSDC of Aave directly in Real-World transactions, while continuing to use until the moment of expenditure.
“Metamask is the most popular way for people to access web3, with millions of users. This collaboration brings Defi -earnings opportunities directly into the portfolios that people already use, which gives them more out of their assets and getting control over their financial future,” said Stani Kulechov, founder of Aave Labs in a statement.
