Investing Updates : Ledger Live enables stablecoin yields directly from self-custody with new Kiln integration

Source : 

https://www.theblock.co/post/352160/ledger-live-usdc-usdt-usds-dai-stablecoin-yield-self-custody-kiln?utm_source=telegram1&utm_medium=social

Apple Intelligence : 

• New Feature: Ledger Live now allows users to earn stablecoin yields directly from self-custody.

• Supported Stablecoins: The feature supports USDC, USDT, USDS, and DAI.

• Yield Rate: Users can earn a passive income of 5% to 9.9% on supported stablecoins.

• DeFi Integration: Ledger Live app now supports DeFi yields, allowing users to access DeFi protocols directly.

• Security Enhancement: The integration eliminates the need for third-party web3 wallets, enhancing security and simplifying the user experience.

• User-Friendly Access: Users can easily deposit funds and select desired protocols with clear signing for transparent transactions.

• Partnership Goal: Ledger and Kiln collaborated to provide native access to liquid staking token restaking on EigenLayer within the Ledger Live interface.

• Kiln’s Role: Kiln manages over $11 billion in crypto assets, operating around 4.5% of Ethereum’s and 2.6% of Solana’s total staked assets.

• Ledger’s Market Share: Ledger claims that its devices secure over 20% of the world’s crypto assets.