Bitcoin lending company Ledn is launching ETH and USDT growth products offering interest returns on deposits.
Despite its roots embedded in Bitcoin lending, lending platform Ledn has announced the launch of an Ethereum yield offering following user requests for a shielded alternative to manually staking Ether.
An announcement shared with Cointelegraph highlighted user calls for a means to earn interest from ETH holdings without having to manually stake and manage Ether through liquid staking pools. Ledn chief strategy officer Mauricio Di Bartolomeo said that Ledn users have continually inquired about an Ether offering and remained confident that it would be a favourable alternative to self-managing ETH staking:
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