• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»Defi»Ledger integrates DeFi Alkemi project on its own app
Defi

Ledger integrates DeFi Alkemi project on its own app

Donald MunnBy Donald MunnJune 29, 2022Updated:September 29, 2022No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ledger, the popular hardware wallet, has decided to integrate the DeFi Alkemi dApp into its app called Ledger Live. The Ledger Live app, available on desktop and mobile devices, currently has 1.5 million users and thus could make decentralized loans easier to access.

Ledger vs. custodian platforms

JF Rochet, vice president of international development at Ledger, explained:

“Ledger Live is your gateway to digital assets and Web3, and we’re excited to integrate the first Yield app into Ledger Live. With Alkemi, Ledger users will have more ways to grow their assets while enjoying all the benefits of crypto without centralized custodians”.

In fact, Ledger is a non-custodial platform, which means each user owns their own seed and no one else. Therefore, the primary goal of the French company is to eliminate any intermediary, and that is why it also wants to integrate dApps in order to be a bridge between crypto and all the ways to use them without ever turning to centralized platforms.

In this sense, Ledger Live serves users to interface more easily and securely to the hardware wallet of the same company and also allows them to buy and sell cryptocurrencies and connect to the decentralized applications of the DeFi world, just like Alkemi. 

How to unite CeFi and DeFi

Specifically, Alkemi is a protocol used to make loans to both institutions and retail users. To date, it has over $50 million deposited and supports ETH, wBTC, and the DAI and USDC stablecoins. Alkemi also has its own utility token called ALK that is earned just by using the platform.

Brian Mahoney, co-founder of Alkemi, explained:

“’Not your keys, not your coins’, as the saying goes. With this native integration into Ledger Live, Alkemi Earn unlocks a protocol powered cash management experience for Ledger’s community. This is what bridging CeFi to DeFi is all about”.

 

The post Ledger integrates DeFi Alkemi project on its own app appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

FBI warns cryptocurrency investors about DeFi vulnerabilities

September 1, 2022

​​MakerDAO signs $100 million DAI loan with Huntingdon Valley Bank

August 29, 2022

DeFi: industry figures drop again

July 13, 2022

3 best Celsius alternatives in 2022

July 9, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.