Developers of the non-custodial wallet TON Wallet, integrated into Telegram, have launched storage options for Bitcoin, Ethereum, and USDT to generate passive income. This was reported to ForkLog by project representatives.
The integration of earning in the background became possible through several partnerships:
- The Morpho lending network is responsible for generating profits;
- The L2 protocol TAC allows wrapped tokens wETH and cbBTC to operate within the TON network;
- Yield provider Re7 manages risks by selecting reliable strategies.
The most lucrative option available is for USDT, where yields can reach up to 18% annually.
For Bitcoin and Ethereum, the interest rates are variable, but this allows users to earn without having to withdraw assets to external exchanges.
“With the storage options in TON Wallet, we bridge the gap between complex DeFi protocols and hundreds of millions of users. This is a significant step towards making decentralized finance truly universal,” said Andrey Rogozov, founder and CEO of The Open Platform.
In the future, the service will enable the deposit of BTC and ETH into TON Wallet with automatic conversion to cbBTC and wETH.
As a reminder, in early February, the wallet developers launched cross-chain deposits in collaboration with MoonPay.