Ledger Live x Kiln DeFi: Non-custodial approach to stablecoin yield
Ledger has earned its reputation as the go-to hardware wallet and non-custodial solution, giving users full control over their digital assets with unmatched security. At the heart of this ecosystem is Ledger Live – a powerful platform opening the door to DeFi and a broad range yield opportunities for everyone.
Stablecoin yield, made easy with Ledger Live
Ledger Live crypto wallet app empowers users to earn yield while retaining full custody of their assets. The platform offers a variety of staking options to suit different investment levels and preferences:
- Solo staking – For those with a significant amount of crypto, solo staking lets you stake the full 32 ETH required to become a validator on Ethereum. Enabled through Kiln’s platform, this allows users to earn a larger share of rewards without needing to run their own node.
- Delegating to a validator – If you don’t have enough to stake solo, you can fund a validator. By delegating your SOL for instance, you help secure networks like Solana while earning rewards without a large initial investment.
- Pooled and liquid staking – Ledger Live integrates with staking pools to let you combine your funds with others’ and participate in native staking.
Expanding into stablecoins
Stablecoin vaults are the latest addition to the Ledger Earn section, which already includes staking options. Users storing stablecoins on their Ledger wallet can deposit USDT, USDC, DAI, and USDS across EVM networks to earn passive yield from DeFi protocols and stablecoin strategies – all with no lockup periods.
Unlike traditional staking, stablecoin yield is driven by onchain mechanisms such as lending protocols and liquidity pools. At their peak, these rewards can reach double digits, far surpassing the conventional returns of instruments like T-bills (around 4%).
For Ledger users, this integration means an even broader spectrum of earning opportunities – tapping into high-yield farming strategies on platforms like Morpho, Aave, Spark, Sky, Compound, without compromising the steadfast security and control that Ledger provides.
Kiln x Ledger Earn: Welcome to stablecoins
We are excited to introduce stablecoin yield opportunities in Ledger Live, powered by Kiln DeFi. This integration brings top DeFi protocols directly into the Ledger platform, allowing users to earn yield on stablecoins seamlessly.
We are pleased to continue our collaboration with Kiln, integrating the new Kiln DeFi product into the Ledger Live app. Users should have the opportunity to put their stablecoins to work, just like any other cryptocurrency, and Kiln is making this simple and seamless. —Jean-Francois Rochet, VP, International Development @Ledger
This integration retains full control of the user experience with a solution that allows for the seamless management of various stablecoin pools, all within a customizable and user-friendly interface. To learn more, check out our docs.
Initially, the supported stablecoins are USDT, USDC, DAI, USDS.
How users can earn yield on their stablecoins
Users earn yield by depositing their stablecoins into supported vaults from leading protocols, unlocking attractive onchain reward mechanisms:
👉 Open Ledger Live and navigate to your Earn dashboard, where you’ll see your stablecoin account with potential yield options offered by different protocols.
👉 Tap Start Staking to deposit your funds – this takes you to a simple, guided deposit screen.
👉 Follow the steps to securely deposit stablecoins, signing transactions with your Ledger device.
👉 Once complete, your performance is shown on the Earn dashboard.
Why choose Kiln DeFi?
Companies like Ledger choose Kiln as an infrastructure partner for all their staking and DeFi yield opportunities. With this new addition, Ledger taps into seamless access to major DeFi protocols through a single, unified interface. The direct integration with Ledger Live eliminates the need for users to navigate external platforms, reducing exposure to phishing hacks and scams – making Ledger Live a complete interface for digital asset management.
For partners like Ledger, Kiln allows programmatic management of onchain revenue share fees, ensuring that both customers and partners maintain full control. If you’re looking to build a unified solution that provides access to high stablecoin yields powered by the leading DeFi protocols, let’s chat!
About Ledger
Celebrating its 10 year anniversary in 2024, Ledger is the world leader in Digital Asset security for consumers and enterprises. Ledger offers connected devices and platforms, with more than 7M devices sold to consumers in 180 countries and 10+ languages, 100+ financial institutions and commercial brands. Over 20% of the world’s crypto assets are secured by Ledger.
Ledger is the digital asset solution secure by design. The world’s most internationally respected offensive security team, Ledger Donjon, is relied upon as a crucial resource for securing the world of Digital Assets. With over 14 billion dollars hacked, scammed or mismanaged in 2023 alone, Ledger’s security brings peace of mind and uncompromising self-custody to its community.
About Kiln
Kiln is the leading staking and digital asset rewards management platform, enabling institutional customers to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Kiln runs validators on all major PoS blockchains, with over $11 billion in crypto assets being programmatically staked and running over 5% of the Ethereum network on a multi-client, multi-cloud, and multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators and reporting and commission management, enabling custodians, wallets, and exchanges to streamline staking or DeFi operations across providers. Kiln is SOC2 Type 2 certified.
