The developers of the non-custodial TON Wallet integrated into Telegram have launched Bitcoin, Ethereum, and USDT vaults for earning passive income, representatives of the project told ForkLog.
The integration of background earnings was made possible through several partnerships:
- The lending network Morpho is responsible for generating profits;
- The L2 protocol TAC allows wrapped tokens wETH and cbBTC to operate within the TON network;
- The yield provider Re7 manages risks by selecting reliable strategies.
The most lucrative offer presented is for USDT, where the yield can reach up to 18% per annum.
For Bitcoin and Ethereum, the rates are variable, allowing earnings without moving assets to external exchanges.
“Thanks to the vaults in TON Wallet, we bridge the gap between complex DeFi protocols and hundreds of millions of users. This is a huge step towards making decentralized finance truly universal,” noted 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.
Earlier in February, the wallet developers launched cross-chain deposits in collaboration with MoonPay.