TREE NEWS update: Ledger has launched wrapped-bitcoin lending through the DeFi protocol Morpho, letting users borrow against the asset directly in its wallet app. The product defaults to a 50% loan-to-value ratio and charges a 1% borrowing fee, while pledged collateral remains subject to liquidation.
Ledger Adds Wrapped-Bitcoin Loans via Morpho With 1% Fee
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AI take
Ledger is positioning itself as a distribution channel for DeFi yield rather than just a custody product, which matters because it brings lending access to a user base that has largely stayed out of on-chain credit. The 50% LTV and 1% fee suggest a conservative, convenience-priced offering aimed at holders who value staying inside the wallet over optimizing rates. Whether that premium holds depends on how users weigh liquidation risk against the friction of moving wrapped bitcoin to a dedicated lending market.
Generated by AI for reference only.
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