Telegram Wallet Partners with Affluent to Offer USDT DeFi Yield

TLDR

• Telegram Wallet has integrated with Affluent to offer USDT yield to its users.
• The partnership allows users to earn up to 3.5% yield on their USDT holdings.
• Telegram aims to simplify DeFi access for its 100 million active wallet users.
• Affluent’s TON-based vaults provide professional-grade savings strategies within Telegram.
• Telegram’s long-term goal is to onboard 30% of its user base to its wallet by 2028.

Telegram Wallet has integrated with Affluent to offer DeFi yield through its self-custodial wallet. This collaboration brings USDT yield options to Telegram users, making DeFi more accessible. The partnership enables users to earn up to 3.5% yield on their USDT holdings through the TON Wallet “Earn” feature.

Telegram Expands DeFi Access with Affluent Integration

Telegram’s self-custodial wallet now allows users to earn yield through TON-based DeFi vaults. The integration with Affluent marks a significant step toward bringing DeFi to Telegram’s vast user base. Users can easily access the feature, with just one click to earn yield on their assets.

Egor Danilov, CPO of Wallet in Telegram, emphasized the goal of making Web3 accessible. He stated,

Telegram’s platform already serves over 100 million active users of its wallet, creating an opportunity to drive significant growth in the DeFi space.

How Telegram Users Benefit from DeFi Integration

With the integration, Telegram users can access professional-grade savings strategies directly within the app. Telegram’s wallet offers seamless access to DeFi, allowing users to stay within the platform. This new feature simplifies DeFi for everyday users, who may not be familiar with the complexities of decentralized finance.

Justin Hyun, Co-CEO of Affluent, explained the goal of making Telegram a Web3 super app. He said,

Telegram’s move into DeFi positions it as a key player in Web3, with the potential to reach millions of new users globally.

The partnership’s potential to onboard a significant portion of Telegram’s 800 million active users to its wallet is noteworthy. Telegram aims to have 30% of its user base actively using the wallet by 2028. This integration with Affluent could accelerate Telegram’s journey toward becoming a leading Web3 platform.

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