Key Takeaways
- Ethena’s stablecoin USDe and staked tsUSDe are now live on the TON blockchain.
- The integration enables Telegram users to earn DeFi yields via familiar wallets, such as TON Space, MyTonWallet, TonHub, and TonKeeper.
- A 16-week campaign offers users up to 18% APY on tsUSDe holdings with eligibility requirements.
Ethena has officially launched its natively integrated with the TON blockchain, thereby expanding its DeFi ecosystem to offer USDe and its staked variant tsUSDe to over a billion Telegram users.
The move embeds Ethena’s dollar-denominated savings straight into the wallets based on Telegram, which include TON Space, MyTonWallet, TonHub, and TonKeeper.
For this reason, it has designed access for users to retrieve, purchase, and stake USDe in an easy and safe environment while remaining within the Telegram app.
The launch comes with the promise of broader accessibility and improved financial tools for global users, especially in regions where traditional banking systems remain out of reach.
By seamlessly integrating with the wallet ecosystem of Telegram, Ethena inherits an already engaged user base and eliminates the friction usually associated with onboarding into DeFi.
Ethena Launches 16-Week High APY Campaign
To incentivize use, Ethena launched a limited 16-week campaign offering attractive annual percentage yields (APY) to users staking USDe to get tsUSDe.
The campaign starts with a 10% boosted APY, gradually declining to 5% in the final weeks, supplementing the base 8% yield of tsUSDe. Eligible users are required to hold at least 10 tsUSDe and 10 TON in qualifying wallets to receive the rewards, which are distributed weekly.
The boosted APY will be capped at up to 10,000 tsUSDe per wallet to keep it fair among all participants. These rewards will be distributed in TON, and such a campaign speaks quite well to engaging and attracting liquidity into the TON DeFi ecosystem.
Streamlined Access Through Non-Custodial Wallets
USDe’s earning and staking process is now streamlined for mobile users too. USDe can be acquired or transferred into the TON network via several options, including direct purchases through DeFi swaps on TON or withdrawals from centralized platforms such as ByBit and MEXC.
Once USDe is in their wallets, users easily stake it into tsUSDe through simple, wallet-specific steps designed for a smooth experience. The process is supportive of different levels of user experience, from veteran DeFi enthusiasts to new users discovering digital finance for the very first time.
With tsUSDe paying users every eight hours and extensive integration into the app ecosystem of Telegram, the transition of Ethena represents a landmark for bringing decentralized finance closer, simpler, and more rewarding to everyone.
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