Telegram Wallet Launches BTC, ETH, USDT Yield Vaults

Telegram Wallet Launches BTC, ETH, USDT Yield Vaults
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Telegram also plans to back direct deposits of native Bitcoin and Ethereum, which will come in wrapped form in the TON ecosystem to permit earning and transfers. 
The platform focuses on eliminating the technical barriers normally linked with DeFi, comprising various wallet setups.

Wallet in Telegram publicised on February 27 that it is introducing on-chain yield options for holders of BTC, ETH and USDT directly from the Telegram messaging app. The feature runs via TON Wallet, the self-custodial solution inserted in Wallet in Telegram, and was made in collaboration with the lending protocol Morpho, execution layer TAC (TON Applications Chain), and strategy provider Re7. 
The new product rolls out “vaults”, which allows users to deposit assets into on-chain strategies that captivate variable returns. In the group of available options, the high-yielding USDT strategy offers an amalgamated annual percentage yield of up to 18%, supported by the Re7 DeFi strategy. 
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