Ledn has launched new ETH Growth Accounts, offering up to 2% APY without the complexities of manual ether staking.
Ledn has launched new ETH Growth Accounts, offering up to 2% APY without the complexities of manual staking.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Crypto lending platform Ledn is expanding its Growth Account offering, enabling users to earn up to 2% APY from ether deposits, starting from Oct. 12, in addition to its bitcoin, USDC and USDT savings products.
Manual solo ether staking offers the highest rewards but involves running an Ethereum node and depositing 32 ETH to activate a validator to participate directly in network consensus. However, liquid staking options at platforms like Lido Finance, Coinbase and Rocket Pool are also available, enabling users to earn ether staking rewards while unlocking utility across various DeFi applications in the form of a liquid staking derivative token.
“Users have been continuously asking us to add ether, so, in line with our mission to offer only the best and most profitable yield options, we are thrilled to now introduce support for ETH on Ledn’s Growth Accounts,” Ledn co-founder and CSO Mauricio Di Bartolomeo said in the statement. “This yield option is significantly easier to set up than native ETH staking. Looking forward, we’re working towards rolling out ETH support across the entire Ledn suite of products in the coming months.
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