TLDR
- TON Wallet introduces vaults to generate yield for Bitcoin, Ethereum, and USDT.
- Top USDT strategy offers up to 18% blended APY via Re7 integration.
- Morpho, TAC, and Re7 help facilitate the wallet’s new yield options.
- Telegram’s crypto wallet has over 150 million registered users globally.
Telegram’s crypto wallet, embedded within the messaging app, announced a new feature allowing users to earn onchain yield. This feature is available for Bitcoin, Ethereum, and USDT holdings through TON Wallet, the platform’s self-custodial solution.
TON Wallet integrates third-party services to provide variable yield strategies. Morpho, TAC, and Re7 are partners helping with the rollout, according to the announcement.
Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, said, “Access to self-custodial vault strategies for ETH, BTC and USDT directly within TON ecosystem is a massive step toward making decentralized finance universal.”
Vaults Offer Onchain Yield Strategies
The new “vaults” allow users to deposit assets into onchain strategies designed to generate returns. The USDT vaults include options offering up to 18% blended annual percentage yield (APY), powered by Re7’s DeFi strategy.
Ethereum and Bitcoin vaults also provide yield opportunities, though the returns vary depending on market conditions and strategy choice. Each vault is designed for users to maintain full self-custody of their assets while participating in yield-generating activities.
Expanding TON Ecosystem Participation
The Open Network (TON) has attempted to engage Telegram’s large user base since 2024. Developers have built applications and mini-programs within Wallet in Telegram to attract participation.
Despite initial interest driven by token reward games, adoption slowed. Community members previously criticized the ecosystem for favoring specific Mini Apps within the wallet. The addition of vaults aims to create a more universal and appealing DeFi offering.
Large User Base and Future Growth
Wallet in Telegram has over 150 million registered users. The vaults are accessible directly within the TON ecosystem, allowing a broad audience to interact with DeFi protocols.
Rogozov emphasized that the platform bridges the gap between complex DeFi tools and everyday users. This integration allows holders of Bitcoin, Ethereum, and USDT to access yield opportunities without leaving the Telegram app.
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