By using Merlin by VALK, Ledger users will be able to view their DeFi performance analytics.
Ledger, a company developing security and infrastructure solutions for cryptocurrencies known for its cold wallets, has partnered with decentralized finance (DeFi) portfolio tracker Merlin by VALK.
According to the press release shared on December 13th, Merlin by VALK will be integrated into Ledger Live, allowing its users to “access their DeFi performance analytics” directly from Ledger.
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Ledger VP of International Development Jean-François Rochet, when talking about the newest collaboration, noted:
Ledger Live’s DeFi users operate across a multitude of protocols and chains. By connecting to Merlin from our app, they get an aggregate view of all their DeFi positions and strategies in one simple dashboard, making the user experience a lot more streamlined.
In the press release, the company stated that the new partnership allows more than 5 million Ledger users to access reports about their profits and losses as well as their performance metrics. Nevertheless, customers will be able to check “aggregates gas spent and calculates yield and impermanent loss in dollar values.”
It is worth noting that after integration, Ledger customers will be able to access more than a thousand DeFi protocols from ten blockchains.
VALK CEO and co-founder, Antoine Loth, commented on the partnership, stating:
The landscape of crypto is constantly changing, and given the recent uncertainty surrounding many Centralised Exchanges, more and more traders will be moving to decentralized financial applications. Through our integration we’re making DeFi exploration easier and more accessible to all.
On top of that, soon after the launch, Merlin is planning to allow customers to “claim liquidity provider fees and rewards directly from its interface without having to leave the platform.”
It is worth noting that just the other week, Ledger announced its collaboration with iPod co-creator Tony Fadell to launch its seventh crypto wallet, dubbed Ledger Stax.
