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Cryptocurrency News Articles

Bitget Wallet Launches Industry-First LSD Earn Zone, Offering Users a New Way to Earn Onchain Yields

Apr 02, 2025 at 01:59 am

Bitget Wallet, a leading Web3 non-custodial wallet, has launched the industry's first LSD Earn Zone

Bitget Wallet Launches Industry-First LSD Earn Zone, Offering Users a New Way to Earn Onchain Yields

In a move that marks a new phase in the evolution of Web3 wallets, leading non-custodial wallet Bitget Wallet has launched the industry's first LSD Earn Zone . This new feature introduces a simplified way for users to earn onchain yields while keeping their crypto assets liquid. The addition of Liquid Staking Derivatives (LSDs) to the wallet's interface builds on Bitget Wallet's existing capabilities in DeFi integration and multi-chain support.

Traditionally, staking on DeFi protocols involves locking up assets for a set period to earn interest, which can limit users' ability to engage in other DeFi activities. In contrast, LSDs are a new category of assets that combine yield generation with asset flexibility. When users stake tokens such as ETH or SOL on supported DeFi platforms, they receive equivalent derivative tokens in return. These tokens continue to accrue staking rewards but remain tradable and usable across DeFi protocols.

At launch, Bitget Wallet's LSD Earn Zone supports four carefully selected products across Ethereum, Solana, and BNB Chain, offering annual yields of approximately 4% to 8%. These include sUSDe , a USD-pegged stablecoin issued by Ethena; USDY , a real-world asset-backed token linked to U.S. Treasury yields via Ondo Finance; sUSDS , a multi-chain yield aggregator that dynamically allocates capital to top-performing protocols; and JitoSOL , a derivative token from Solana's largest LSD protocol, enhanced through MEV strategies. All options are accessible via the "Hold to Earn" section of Bitget Wallet's Earn tab, with real-time yield tracking and instant activation.

Security and transparency are central to Bitget Wallet's design. As a fully non-custodial wallet, it ensures that users retain complete control of their funds at all times. Unlike centralized platforms that carry counterparty risk, Bitget Wallet connects users directly to audited, battle-tested DeFi protocols. The LSD products integrated into the Earn Zone have undergone strict security reviews, and users benefit from real-time earnings visibility and seamless redemption. Bitget Wallet is further supported by a $300 million Protection Fund, offering additional reassurance in the event of unforeseen security risks.

The launch of LSD Earn Zone marks Bitget Wallet's entry into the enhanced yield phase of onchain finance. With upcoming support for networks including Tron, Base, Sonic, and Sui, Bitget Wallet will continue expanding earning opportunities and improving onchain capital efficiency. Alvin Kan, COO of Bitget Wallet, added "As part of our broader Payfi strategy, we're building tools that enable assets to earn yield continuously while remaining usable for other utilities. This is how money should work — flexible, efficient, and always active. Bitget Wallet offers a unified experience that combines earning, trading, and payments in one place, building an everyday finance hub for the next generation of users.”

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