Share this article
Ledger Live Adds Yield Earning Capability via Alkemi Earn
The integration with Alkemi will provide Ledger users with the ability to earn yield for the first time.
Updated May 11, 2023, 6:54 p.m. Published Jun 28, 2022, 1:00 p.m.
Hardware wallet maker Ledger has brought yield earning capability to its users for the first time through an integration with Alkemi Earn.
- Ledger Live has integrated with Alkemi Earn, a lending-borrowing protocol that utilizes a permissioned liquidity pool of digital assets comprising ether , wrapped bitcoin (wBTC) and stablecoins.
- Users can now put their cryptocurrencies to work on Alkemi's protocol without them leaving the safety of their Ledger wallet.
- Ledger aims to provide users a way of purchasing and using digital assets without giving them up to exchanges or other protocols. "With Alkemi, Ledger users will have more ways to grow their assets while enjoying all the benefits of crypto without centralized custodians," JF Rochet, vice president of international development for Ledger, said in a statement on Tuesday.
- The wallet provider made moves into providing its users access to decentralized finance (DeFi) in February last year when it let them connect to decentralized apps (dapps), such as Uniswap, 1inch and Curve, via an integration with open-source protocol WalletConnect.
- The integration with Alkemi, however, will provide Ledger users the ability to earn yield for the first time. "A decentralized exchange (DEX) for swapping tokens or other DeFi functions has existed [previously], but none that provide a yield or return on investment," a spokesperson for Alkemi told CoinDesk.
Read more: DeFi Portal 1inch Launches Wallet App on Android
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
CORRECTION (June 28, 14:38 UTC): Corrects company affiliation of spokesperson in last bullet point.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Launches Tokenized Money Market Fund on Ethereum as Wall Street Moves Onchain: Report
The $4 trillion U.S. bank is the latest financial giant in rolling out tokenized MMF onchain, joining BlackRock, Franklin Templeton and Fidelity.
What to know:
- JPMorgan Chase is launching its first tokenized money-market fund on Ethereum, named My OnChain Net Yield Fund (MONY), with an initial $100 million investment.
- The fund is part of a growing trend of blockchain-based financial products, with major firms like BlackRock and Franklin Templeton also entering the space.
- MONY allows investors to redeem shares using cash or USDC and aims to offer similar benefits to traditional money-market funds with added blockchain advantages.
Top Stories
