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Alkemi Earn integration brings DeFi lending to 1.5M Ledger users

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cointelegraph.com

The Alkemi Earn app has been added to the hardware wallet Ledger's Discover area, making decentralized finance (DeFi) lending and borrowing service accessible to Ledger's 1.5 million active customers.According to a Tuesday announcement, users of Ledger Live can now earn yield on their assets with the Alkemi Earn integration.

The goal of the Ledger project is to provide consumers with a method of buying and utilizing digital assets without giving them up to third-party platforms or systems."With Alkemi, Ledger users will have more ways to grow their assets while enjoying all the benefits of crypto without centralized custodians," said JF Rochet, the vice president of international development for Ledger.In February 2021, Ledger launched DeFi efforts with the open-source protocol WalletConnect, allowing users to access decentralized applications (DApps), such as Uniswap, 1inch and Curve.Alkemi Earn is a lending protocol that enables institutions and retail borrowers to co-exist side by side.

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