Product | 04/30/2026
Ledger Wallet 4.0: Bringing Clarity to DeFi Earn
The newly improved Earn Tab in Ledger Wallet 4.0 helps you find, understand, and act on yield opportunities
Before You Dive In:
- DeFi yield is one of crypto’s most powerful advantages over traditional finance, and one of the most intimidating.
- This post covers how we’re rebuilding the Earn Tab in Ledger Wallet 4.0 to help you find, understand, and explore information on yield without needing a PhD in DeFi.
- This is the third article in a series looking at how Ledger Wallet is being rebuilt around those things OUR users told us they care most about. Read about the Home Tab redesign here and the all-new Swap Experience.
There’s a reason DeFi keeps pulling people deeper into crypto. In traditional finance, your capital sits in a bank earning close to nothing while the bank lends it out and keeps the spread. In DeFi, that intermediary disappears. You allocate your own capital, you choose your own risk, and you capture the yield directly. No traditional banking intermediary. No permission needed. An open marketplace for capital efficiency that traditional finance simply can’t match.
This is one of the most compelling promises of self-custody. Your assets don’t just sit there. They work for you, on your terms.
But let’s be honest: the DeFi Earn experience today is a mess. Acronyms everywhere. Multiple on-chain approvals for a single position. Every blockchain brings its own quirks and protocols. And the landscape keeps shifting, from proof-of-stake staking to liquid staking with Lido, to lending with Aave and Morpho, to tokenized strategies with Midas. The options multiply, but the clarity doesn’t.
So where should someone actually start?
The Problem We’re Solving
The core challenge with DeFi yield isn’t a lack of options. It’s the opposite. There are too many options, spread across too many protocols, on too many chains, with too little context to make an informed decision. For most users, the question isn’t “what’s the best yield?” It’s “where do I even begin, and how do I know I’m not taking on more risk than I realize?“
This is the tyranny of choice applied directly to DeFi. More options without better information gives you less freedom, not more.
Where We Are Today
We’re in the middle of rebuilding the Earn experience, and we want to be transparent about the journey. Here’s what we’ve shipped and where we’re heading.
- A simpler starting point. We simplified the cold start experience. When you open the Earn Tab, we show you more information about assets you already own, not a wall of protocols you’ve never heard of. We also added a cleaner view of your current yield positions so you can see at a glance what’s earning and how much.
- Your positions, consolidated. We’re continuously improving data tracking and expanding the protocols we support. The goal is a single consolidated view of all your Earn positions across chains and protocols, right inside Ledger Wallet. No more jumping between five different dashboards to understand your total yield.
What’s Coming Next
- Yield simulator. We’re building a new way to simulate opportunities and see how they may compound over time. Before you commit capital, you should be able to model what a position actually looks like over weeks and months, not just read an APY number.
- Trending assets and opportunities. We’ll surface the most popular and trending yield opportunities so you can explore where the market is moving. Not to push you toward anything, but to give you further context to help make your own call.
- Earn on any asset, using any asset. This is a big one. We want to enable you to earn on any supported asset, using whatever you already hold. Today, if you want to explore a yield opportunity on USDT on Ethereum, you first need to figure out how to get USDT on Ethereum. Ledger Wallet can help with that conversion step, so you can move from spotting an opportunity, to acting on it, without worrying about which token you need on which chain – your transaction, executed directly by you.
- Reward claim alerts. Some protocols require you to manually claim earned rewards. We’ll alert you when there’s yield to collect so you don’t leave value on the table.
Risk Is Part Of The Deal
One thing we want to be clear about: we are not here to make DeFi feel risk-free. It’s not. Higher yields come with higher risk. That’s not a warning label; it’s a fundamental truth of capital markets, and we’d be doing users a disservice to pretend otherwise.
What we are doing is making sure you have the right information to make your own educated choices. Yield percentages, protocol details, risk context, all presented clearly so you learn more about what you’re opting into before you sign.
And that’s what makes self-custody powerful. You’re not limited to the few low-yield financial products your bank decided to offer you. You have access to an entire open marketplace, and you get to build your own risk profile, your own allocation between earn positions and spot assets. This is your portfolio, your strategy, your call.
Built With Your Feedback
As with every part of Ledger Wallet 4.0, we have a “Share your feedback” option directly in the Earn experience. We mean it. DeFi is evolving fast, protocols are emerging constantly, and your input helps us prioritize what matters most.
If something feels off, tell us. We’re building this with you, not just for you.
Unlock The Full Potential Of Ledger Wallet™
Make sure you have the latest version of Ledger Wallet™ to discover the app’s innovations. To learn how to update the Ledger Wallet™ app on your computer or mobile, check out this tutorial. For a full overview of the new interface and changes, see the Ledger Wallet 4.0 overview.
Guillaume Mathias, Executive Vice President of Product
Disclaimer:
Ledger does not provide any financial advice or recommendation. Crypto transaction services are provided by third-party service providers. Ledger provides no advice or recommendations to use any of these third-party services.