Wallet in Telegram, a cryptocurrency solution integrated into the Telegram messaging application, has Bitcoin, Ethereum and $USDT for its users.
According to The Block, Wallet announced in Telegram that it is offering users the opportunity to earn on-chain returns on Bitcoin ($BTC), Ethereum ($ETH), and $USDT assets.
This feature will be available through the $TON Wallet solution, which is integrated into the Wallet application on Telegram and has self-storage capabilities.
It was stated that DeFi-focused platforms such as Morpho, TAC and Re7 also provided technical support during the integration process.
Users can earn interest by depositing their crypto assets through the newly introduced ‘Vaults’ system.
Under the flow $USDT Re7’s DeFi strategy achieves the highest yield option, offering a compound annual return (APY) of up to 18%.
In addition, $ETH And $BTC safes are activated. This means that generating returns has been made possible for both of the largest cryptocurrencies on the market.
Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, stated: “With Vaults in $TON Wallet, we bridge the gap between advanced DeFi protocols and hundreds of millions of users. Instant access to self-custody vault strategies $ETH, $BTCAnd $USDT within the $TON ecosystem is an important step toward making decentralized finance truly universal.”
*This is not investment advice.