Ledger is making strides in the cryptocurrency space with its new Bitcoin yield feature, aimed at unlocking a significant portion of dormant assets. The source notes that this initiative is part of a broader effort to activate a staggering $21 trillion asset class that remains largely untapped.
Bitcoin Supply Utilization
According to Ledger, only about 15% of the total Bitcoin supply is actively utilized on-chain, highlighting a vast opportunity for growth in the crypto ecosystem. The new yield feature serves as a crucial link between traditional cold storage methods and the burgeoning world of decentralized finance (DeFi).
Enhancing User Engagement in DeFi
By allowing users to earn rewards while maintaining self-custody of their assets, Ledger is addressing a key concern for many crypto holders. This innovative approach not only enhances the utility of Bitcoin but also encourages more users to engage with the DeFi space without compromising their security.
In a related development, the Supra AutoVault Framework (SAFV) has been introduced to enhance decentralized finance (DeFi) by providing a middleware solution for on-chain assets. This innovative framework could significantly improve financial products in the blockchain ecosystem. For more details, see read more.
