🚨 Ledger Launches Bitcoin Yield Feature
Crypto hardware wallet maker Ledger is rolling out a Bitcoin yield feature in Ledger Wallet, letting users earn BTC-denominated returns without selling their assets. The initial rollout is available via the Discover section of the wallet, in partnership with BARD+1.76% and Figment.
💰 How it works:
BTC deposits are converted into LBTC, an institutional-grade, BTC-backed, yield-bearing token.
LBTC generates yield by supporting network validation via Figment on the Babylon Bitcoin Staking Protocol.
No staking occurs on Bitcoin’s base layer; instead, the system uses bitcoin-backed economic security mechanisms on other networks.
📊 Key benefits:
Unlocks largely dormant BTC supply (only ~1.5% of BTC is active onchain).
Expands DeFi access for long-term holders and active traders.
Enables BTC exposure while generating returns safely.
Ledger emphasizes that the feature bridges fragmentation in the Bitcoin ecosystem, giving users more ways to interact with BTC onchain without selling their holdings.
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