The TON Wallet, integrated within Telegram's messaging app, has launched a new "Earn" feature, allowing users to deposit Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) into decentralized finance (DeFi) vaults to generate yield. This feature, accessible through the Wallet in Telegram application, enables users to earn interest on their crypto holdings directly from their self-custodial wallet.
The feature offers varying yield rates through partnerships with DeFi protocols. According to the announcement, users can earn up to an 18% compound annual yield (APY) on USDT deposits, primarily via Re7's DeFi strategy. For ETH, yields are around 3%, while BTC deposits offer approximately 2%. The rewards accumulate in real-time on the TON blockchain.
Technical support for the integration was provided by DeFi-focused platforms Morpho, TAC (TacBuild), and Re7. Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, emphasized the significance of the move: "With Vaults in TON Wallet, we are bridging the gap between advanced DeFi protocols and hundreds of millions of users. Direct access to self-custodial vault strategies for ETH, BTC, and USDT within the TON ecosystem is a major step toward making decentralized finance truly universal."
The initiative leverages Telegram's massive global user base to onboard everyday holders into the DeFi ecosystem, simplifying access to yield-generating strategies that were previously the domain of more technically savvy users.
