Telegram's TON Wallet Introduces Yield-Generating Features for Major Cryptocurrencies

Telegram's TON Wallet has taken a significant step in the world of decentralized finance (DeFi) by introducing yield-generating features for major cryptocurrencies, including Bitcoin, Ethereum, and USDT. This move is part of the platform's effort to integrate DeFi earning potential directly into its messaging app.

The new feature allows users to deposit supported assets into specially designed DeFi vaults that aim to deliver annual yields with returns of up to 18% APY. The yield feature is powered by third-party DeFi protocols integrated with the TON ecosystem, making it an attractive option for users beyond simple storage and transfers.

The integration of yield features for assets like BTC and ETH helps bridge the traditional divide between classic assets that are popular as a store of value and income-generating ones like stablecoins. This could attract users who previously refrained from DeFi participation due to security concerns.