Alkemi Earn’s DeFi protocol partners with Ledger, the largest hardware wallet maker, to open up new opportunities for non-custodial lending
- Alkemi Earn integrated through Ledger Wallet
- ALK rewards for Alkemi Earn users
With this integration, all users of Ledger Live, a companion software application of Ledger Wallets, can receive credit without leaving the app.
Alkemi Earn integrated through Ledger Wallet
According to the official announcement of the flagship CeDeFi application Alkemi Earn, their instruments will be seamlessly integrated with Ledger Live, an application for Ledger hardware wallets.
1/3 We are happy to announce that the Alkemi Network TGE is complete 🎉
The ALK token address is
Always verify the address before making transactions: https://t.co/AOzE6EdQX4
— Alkemi Network (@AlkemiNetwork) September 16, 2021
Thanks to this long-term strategic collaboration, Ledger Live users can now generate income from their dormant assets directly through Alkemi’s lending/borrowing module.
To get the cryptocurrency working without withdrawing it from Ledger Wallet, users should simply go to the Discover section of the Ledger Live application and select Alkemi Network from the menu.
Thus, Alkemi users are tapping into one of the very first ways to farm earnings directly from their hardware wallets. The service supports all major assets of the DeFi segment, including Ethereum (ETH), Dai (DAI), USD Coin (USDC) and Wrapped Bitcoin (WBTC).
ALK rewards for Alkemi Earn users
Brian Mahoney, co-founder of Alkemi Network, emphasized that this process is safer than all non-custodial yield farming competitors’ products and solutions:
“Not your keys, not your coins,” as the saying goes. With this native integration with Ledger Live, Alkemi Earn unlocks a log-driven cash management experience for the Ledger community. This is what bridging from CeFi to DeFi is all about.
JF Rochet, VP of International Development at Ledger, adds that Alkemi’s partners allowed their product to integrate the first-ever earnings application into its wallet’s software:
Ledger Live is your gateway to digital assets and Web3, and we’re excited to integrate the first yield app with Ledger Live. With Alkemi, Ledger users have more options to grow their wealth while enjoying all the benefits of crypto without centralized custodians.
Additionally, DeFi enthusiasts can earn rewards in ALK, a core native utility asset of the protocol, for borrowing and lending on Alkemi Earn.
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