Telegram Wallet Launches DeFi Vaults With Up to 18% APY on BTC, ETH, and USDT

Telegram’s crypto wallet just went from a simple send-and-receive tool to a full DeFi gateway. Wallet in Telegram has rolled out on-chain yield vaults through its self-custodial TON Wallet, letting Bitcoin, Ethereum, and USDT holders earn returns directly inside the app.

The top USDT strategy delivers a blended APY of up to 18%, powered by Re7’s DeFi strategy. ETH and BTC vaults are also live, though their yields are variable and no specific rates were shared.

Three protocols run the backend. Morpho, a lending network sitting on over $10 billion in deposits, provides the infrastructure. TAC, an EVM execution layer, brings wrapped Ethereum (wETH) and Coinbase-wrapped Bitcoin (cbBTC) into the TON network. Re7 handles risk management and curates the yield strategies.

TON’s Pivot Away From Tap-to-Earn

The timing here matters. After the tap-to-earn gaming craze flooded Telegram with mini-apps in 2024, user interest dropped off fast once the token reward hype cooled. The TON ecosystem has been searching for a reason to keep people engaged.

This vault launch looks like the answer. Two weeks ago, Wallet in Telegram added cross-chain deposits through MoonPay, allowing users to fund their TON Wallet with crypto from Ethereum, Solana, Tron, and other major chains. Now those users have somewhere to deploy that capital.

Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, said, “With Vaults in TON Wallet, we are bridging the gap between sophisticated DeFi protocols and hundreds of millions of users.”

“Access to self-custodial vault strategies for ETH, BTC and USDT directly within TON ecosystem is a massive step toward making decentralized finance truly universal,” he added.

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What Users Should Know Before Depositing

The vaults are self-custodial, so users keep control of their assets. But the 18% APY on USDT is a blended rate from Re7’s strategy, not a fixed guarantee. Returns shift based on market conditions and strategy performance.

BTC and ETH vaults carry the same variable structure. No fixed numbers were announced for either.

What’s Next for Telegram’s Crypto Wallet

Wallet in Telegram plans to let users deposit native BTC and ETH directly, with automatic conversion to cbBTC and wETH once inside TON Wallet.

The platform currently has over 150 million registered users, positioning it as one of the largest crypto wallet operations tied to a messaging app.

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