thenewscrypto.com
- Ledger Live has received more than $50 million in gross deposits.
- Alkemi Network is connecting CeFi and DeFi to create an institution-grade liquidity network.
Alkemi Earn joined hands with Ledger Live to make it the first DeFi lending and borrowing app available directly to Ledger users. Ledger is the world’s largest hardware wallet manufacturer, with over 5 million devices sold worldwide to safely and reliably store cryptocurrencies.
Alkemi Earn supports some of DeFi’s most liquid on-chain assets such as ETH, Dai, USDC, and WBTC and can earn ALK tokens by borrowing and lending.
JF Rochet, VP of International Development at Ledger said that;
Ledger Live is your gateway to digital assets and Web3, and we’re excited to integrate the first Yield app into Ledger Live. With Alkemi, Ledger users will have more ways to grow their assets while enjoying all the benefits of crypto without centralized custodians.
Benefits of the Partnership
For the first time, Ledger Live users can earn a yield on their assets through DeFi lending and borrowing with the Alkemi Earn partnership. Alkemi Earn is a lending protocol that allows institutions, retail borrowers, and lenders to coexist.
Users of Ledger Live can buy and sell cryptocurrencies as well as use DeFi dApps directly from their interface. Ledger Live is Ledger’s companion app and it will available on desktop and mobile to provide a security feature for using Ledger hardware wallets without the risk of their assets. Since its launch, Ledger Live has received more than $50 million in gross deposits.