Invest in Web 3.0 tokens with Ledn's ETH and USDT interest accounts.
Bitcoin lender Ledn to roll out ETH, USDT interest accounts

Investing in Web 3.0: Ledn Launches Ether Yield Offering

Ledn, a lending platform with its roots in Bitcoin (BTC) lending, has responded to user requests for a shielded alternative to manually staking Ether (ETH) by launching an ETH yield offering. This is now available as part of the firm’s Growth Accounts product, which already offers users the ability to earn interest on Bitcoin and USD Coin (USDC) deposits.

The new ETH offering from Ledn provides investors with the opportunity to earn interest from ETH holdings without having to manually stake and manage Ether through liquid staking pools. As an added security measure, Ledn has ring-fenced its Growth Accounts from its other products and services. This means that user deposits will remain unaffected if Ledn were to go bankrupt, as the ETH is only exposed to the counterparty generating yield from the staked amount.

Investing in Web 3.0

Given the high-profile failures of some of the cryptocurrency industry’s most prominent crypto lending firms, it is particularly pertinent to consider how to invest in Web 3.0 tokens. Celsius, Voyager and Three Arrows Capital have all experienced the potential pitfalls of over-extended and questionable lending practices.

Mauricio Di Bartolomeo, Chief Strategy Officer of Ledn, said that Ledn users have continually inquired about an Ether offering and remain confident that it would be a favorable alternative to self-managing ETH staking. Ledn will be launching a second stablecoin Growth Account on October 12th, allowing users to deposit and earn interest on Tether (USDT) tokens. Unfortunately, these new offerings will not be available to United States or Canadian users.

Ledn is not the only Bitcoin-first company to gradually roll out support for cryptocurrencies other than BTC. Casa, a noncustodial wallet platform, began as a Bitcoin-only service but has since rolled out multisignature ETH self-storage in June 2023, providing a viable option for those looking to invest in Web 3.0.

In August 2023, Ledn announced a collaboration with the Cayman Islands real estate company Parallel, which allows crypto users to invest in property with the aim of gaining residency.

Individuals curious about how to buy web 3.0 tokens, invest in web 3.0 companies, or invest in web 3.0 tokens, can now use crypto to invest in real estate with the goal of attaining residency.

The partnership between Ledn and Parallel provides a unique opportunity for people to explore the potential of web 3.0 and how to invest in it.

Categorized in:

Tagged in: