Ledger Live Adds Yield Earning Capability via Alkemi Earn

The integration with Alkemi will provide Ledger users with the ability to earn yield for the first time.

AccessTimeIconJun 28, 2022 at 1:00 p.m. UTC
Updated May 11, 2023 at 6:54 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Hardware wallet maker Ledger has brought yield earning capability to its users for the first time through an integration with Alkemi Earn.

  • Ledger Live has integrated with Alkemi Earn, a lending-borrowing protocol that utilizes a permissioned liquidity pool of digital assets comprising ether (ETH), wrapped bitcoin (wBTC) and stablecoins.
  • Users can now put their cryptocurrencies to work on Alkemi's protocol without them leaving the safety of their Ledger wallet.
  • Ledger aims to provide users a way of purchasing and using digital assets without giving them up to exchanges or other protocols. "With Alkemi, Ledger users will have more ways to grow their assets while enjoying all the benefits of crypto without centralized custodians," JF Rochet, vice president of international development for Ledger, said in a statement on Tuesday.
  • The wallet provider made moves into providing its users access to decentralized finance (DeFi) in February last year when it let them connect to decentralized apps (dapps), such as Uniswap, 1inch and Curve, via an integration with open-source protocol WalletConnect.
  • The integration with Alkemi, however, will provide Ledger users the ability to earn yield for the first time. "A decentralized exchange (DEX) for swapping tokens or other DeFi functions has existed [previously], but none that provide a yield or return on investment," a spokesperson for Alkemi told CoinDesk.

CORRECTION (June 28, 14:38 UTC): Corrects company affiliation of spokesperson in last bullet point.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about