{"id":31905,"date":"2020-11-17T16:47:48","date_gmt":"2020-11-17T14:47:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31905"},"modified":"2025-08-28T06:01:40","modified_gmt":"2025-08-28T03:01:40","slug":"ledger-enables-passive-income-on-stablecoins","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ledger-enables-passive-income-on-stablecoins\/","title":{"rendered":"Ledger enables passive income on stablecoins"},"content":{"rendered":"<p>The hardware-wallet maker Ledger announced a collaboration with the DeFi platform Compound to launch a new lending feature.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">[BIG ANNOUNCEMENT] \ud83d\ude80\ud83d\ude80\ud83d\ude80<\/p>\n<p>Lending is now available through Ledger Live with our partner <a href=\"https:\/\/twitter.com\/compoundfinance?ref_src=twsrc%5Etfw\">@compoundfinance<\/a>!<\/p>\n<p>Deposit <a href=\"https:\/\/twitter.com\/search?q=%24USDT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDT<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24USDC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDC<\/a> or <a href=\"https:\/\/twitter.com\/search?q=%24DAI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DAI<\/a> and get interest payments in return.<\/p>\n<p>We\u2019re sure you want to know how it works: <a href=\"https:\/\/t.co\/a4RUhSlXbm\">https:\/\/t.co\/a4RUhSlXbm<\/a> <a href=\"https:\/\/t.co\/R0cPEfoeTX\">pic.twitter.com\/R0cPEfoeTX<\/a><\/p>\n<p>\u2014 Ledger (@Ledger) <a href=\"https:\/\/twitter.com\/Ledger\/status\/1328402214096953344?ref_src=twsrc%5Etfw\">November 16, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Wallet holders will be able to lend their USDT, USDC and DAI in exchange for interest. Funds are deposited into Compound\u2019s smart contract via Ledger Live, after which the user receives the corresponding amount of cTokens.<\/p>\n<blockquote>\n<p>\u201cBy lending stablecoins, you can increase your assets without exposing them to the risks inherent in cryptocurrencies,\u201d the statement says.<\/p>\n<\/blockquote>\n<p>Ledger representatives noted that cTokens can be stored on hardware wallets.<\/p>\n<p>Earlier, developers added several new features and technical refinements to the latest version of the Ledger Live app, including an auto-update option for applications and Ledger Live Manager.<\/p>\n<p>Back in October, hardware-wallet users <a href=\"https:\/\/u1f987.com\/en\/news\/ledger-users-report-mass-phishing-attack\">reported<\/a> phishing emails allegedly from the Ledger team demanding an urgent update.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hardware-wallet maker Ledger announced a collaboration with the DeFi platform Compound to launch a new lending feature.<\/p>\n","protected":false},"author":1,"featured_media":31906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1494,1640,807],"class_list":["post-31905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-compound-comp","tag-ledger","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31905"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31905\/revisions"}],"predecessor-version":[{"id":31907,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31905\/revisions\/31907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31906"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}