Petra Wallet continues to evolve as new implementations and features are launched.
On November 27th, Petra Wallet announced Petra Nudge, a social feature enabling users to nudge each other within the wallet, similar to Facebook’s poke feature.
Over a short amount of time, this feature became very popular. Aptos CTO Avery Ching posted about being inundated with Nudges from the community several times,
Another feature was added to Nudge, which was Lightning Nudge, making gas payments automatic and the experience smoother for users.
Eventually, Emojicoins were introduced into the Nudge feature, which created much activity within the Aptos Community since they could collect emojicoins for their Nudges. This was so popular that eventually the ran out.
Get ready for Petra Earn
Now, the newest feature of Petra Wallet is Petra Earn. This will allow users to Earn on Petra Mobile by utilizing one-click deposits do DeFi protocols and manage and claim rewards in their wallets, making DeFi on Aptos and Web3 simpler in general.
Introducing Petra Earn: Simplifying DeFi with Petra Wallet
Earn is a new feature in the Petra Wallet mobile app designed to make decentralized finance (DeFi) more accessible. It allows non-US users to deposit USDT into an Aries Markets lending pool with just one click, earning interest and potential rewards.
By supplying USDT through Earn, users can grow their stablecoin holdings more effectively compared to simply holding them in a wallet or a traditional high-yield savings account. The feature caters to both experienced DeFi users looking for efficient fund deployment and newcomers exploring DeFi opportunities with ease.
Getting Started with Earn
- Obtain USDT
Purchase USDT from exchanges like Binance, OKX, or ByBit, or use the Swap feature in Petra Wallet. - Transfer USDT to Petra Wallet
Send USDT to your Petra Wallet by copying your wallet address and withdrawing from your exchange. - Deposit via Earn
Go to the “Earn” tab in the Petra Wallet mobile app, select your deposit amount, and confirm. Ensure your app is updated to version 1.1.51 or later.
Once deposited, you’ll start earning interest through Aries Markets and may receive additional rewards, which can be claimed directly in Petra.
Additional Notes
- Ensure your Petra Wallet is updated for the best experience.
- Android users can access Earn globally (except in the US). iOS availability is limited to certain countries.
Upcoming Features
Petra Wallet plans to enhance Earn with:
- One-click withdrawals and swaps
- Direct stablecoin on-ramps
- Support for USDC
- Automated claims and redeposits
- Recurring deposit setups
Join the Community
Disclaimer: This information is not financial, investment, legal, or tax advice and does not constitute an offer or recommendation. Engaging with DeFi and blockchain technology involves risks. Review Petra’s Terms and the Earn FAQ for details.
Make sure to read the full Aptos Labs Medium blog post about this latest feature of Petra Wallet:
This newest feature to Petra Wallet is in line with the features for Petra that were announced live on stage during the Aptos Experience event during September in Seoul, South Korea by Head of Product at Aptos Labs, Asha Dakshinamoorthy. These were Petra Nudge, Petra Earn, Petra Groups, Petra Drop and Petra Pay.