Telegram Wallet Launches Yield Earning for Bitcoin, Ethereum, and USDT Holders

Telegram Wallet has introduced onchain yield earning options for users holding Bitcoin, Ethereum, and USDT. The capabilities are now live through TON Wallet, the self custodial solution built directly into the Telegram messaging app. This addition allows users to put their assets to work in decentralized strategies while retaining full control within a familiar interface.

Partners such as Morpho, TAC, and Re7 have facilitated the technical integration behind these features. "Vaults" give users the ability to deposit assets into onchain protocols designed to produce variable yields. Among the choices, USDT strategies include a leading option with a blended annual percentage yield of up to 18% driven by the Re7 DeFi approach, and dedicated vaults extend the same functionality to Ethereum and Bitcoin.

Bitcoin Earn Integrates Wrapped Bitcoin into TON DeFi Strategies

The Bitcoin specific offering called Bitcoin Earn centers on cbBTC, an Ethereum based ERC-20 token issued by Coinbase and backed one to one by actual Bitcoin reserves held in custody. Through the TAC infrastructure this wrapped asset gains compatibility for smart contracts and decentralized applications on the TON network. Bitcoin Earn operates as a DeFi protocol from Morpho and appears directly in the TON Wallet interface so users never need to leave the app.

Users deposit cbBTC into a specialized vault where the protocol allocates funds across lending markets to generate yields. Base rewards begin accruing right after the transaction confirms and appear as a growing balance that refreshes in real time on the dedicated page. TAC supplies bonus rewards in USDT for a limited period following the launch with distribution determined by each user deposit volume and overall participation levels.

To participate users need only the TON Wallet app with cbBTC already in their balance which can be acquired by swapping other supported tokens inside the wallet. Network fees for deposits range and can be paid using TON Telegram Stars or USDT depending on available balances. The deposit flow starts by opening the Earn section in the bottom menu selecting Bitcoin tapping deposit entering the allocation amount and confirming the details shown on screen.

The entire operation usually finishes within a few minutes once the blockchain confirms it. Deposited amounts then display clearly on the protocol view alongside ongoing earnings. No restrictions apply to deposit sizes allowing any quantity of cbBTC to enter the strategy, according to a Telegram information page.

Earnings tracking remains straightforward with base rewards updating live in the earnings assets view. Bonus USDT credits begin the following day and show in their separate section for easy monitoring. Withdrawals follow a similar simple path where users select the option review the fee and confirm to pull cbBTC back to their wallet.

Liquidity in the underlying pool can occasionally limit full immediate access to deposited funds in which case partial withdrawals remain possible or users can wait for regular reserve updates to complete the request. Bonus rewards require a separate claim step on the same page with its own fee confirmation. Both deposits and withdrawals display exact fees upfront and return any unused portion automatically to the wallet after processing.

TON Wallet serves solely as the user friendly access point while the actual protocol runs on audited open source smart contracts managed entirely by Morpho without any custody of funds by the wallet team. This setup maintains a conservative risk profile compared to other DeFi options in the app though standard decentralized finance considerations such as smart contract execution and market driven yield changes still apply.

This feature builds on efforts since 2024 to connect Telegram vast audience with the TON blockchain ecosystem. Initial waves of engagement came from interactive mini apps and reward based games but sustained growth has come from practical tools like self-custodial earning options. The wallet backed by The Open Platform now reports more than 150 million registered users worldwide.