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Ledger Live Collaborates with Kiln to Implement Self-Custodied Stablecoin Yield Functionality

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#DeFi
$USDC
The Block
910Words
Apr 28, 2025

Ledger has partnered with DeFi infrastructure platform Kiln to launch a new feature on Ledger Live, allowing users to directly earn stablecoin yields while maintaining self-custody. This feature supports $USDC, USDT, USDS, and DAI, offering annualized yields ranging from 5% to 9.9% through multiple DeFi lending protocols such as Aave, Compound, Morpho, Sky, and Spark. Kiln provides backend protocol access, simplifying user operations, enhancing security, and avoiding the use of insecure Web3 browser wallets. Users can directly select the deposit amount and protocol within the Ledger Live app to enjoy a transparent and user-friendly yield generation experience. Ledger emphasizes that this initiative offers users a safer and more convenient way to earn DeFi yields while retaining full control over their digital assets. Previously, Ledger and Kiln collaborated to support EigenLayer's liquid staking token restaking. Initially, this feature supports $USDC and USDT, with plans to add support for DAI and USDS later. Founded 10 years ago, Ledger's devices protect over 20% of the world's crypto assets, while Kiln manages assets exceeding 11 billion USD.

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