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[Feature]: Add Support for Tezos FA1.2 and FA2 Tokens in Ledger Live #8726

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KevinMehrabi opened this issue Dec 17, 2024 · 2 comments
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libraries Impacts the Libraries triage In need of triage

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@KevinMehrabi
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KevinMehrabi commented Dec 17, 2024

Library name

@ledgerhq/hw-app-tezos

Describe your feature request

Feature Summary:
Request to add support for Tezos tokens following the FA1.2 (fungible token) and FA2 (multi-asset) standards within Ledger Live. These standards form the foundation for a variety of assets within the Tezos ecosystem, including stablecoins, interest-bearing tokens, and NFT Art assets. Enabling support for these tokens would allow Ledger Live users to securely store, manage, and interact with Tezos-native assets in one unified platform, ensuring compatibility with Tezos’ growing DeFi and commerce sectors.

By integrating these standards, Ledger Live would extend its leadership as the go-to platform for hardware-based security while serving the expanding demand for Tezos token management.

Why It’s Important:
Tezos is experiencing significant growth as a DeFi and NFT hub, with increasing activity across its Layer 1 ecosystem. The FA1.2 and FA2 token standards are the backbone of this activity, representing everything from stablecoins to complex DeFi assets and NFT Art tokens.

Supporting these standards would unlock access for Ledger Live users to manage some of the most important assets on Tezos, including:

  • USD Tether (USDt) on Tezos
  • USD Tez (USDtz)
  • ETH Tez (ETHtz)
  • Sirius (SIRS)
  • tzBTC (tzBTC)
  • Youves USD (uUSD)
  • Kolibri USD (kUSD)
  • CTez (FA1.2 standard collateral Tezos)
  • Various Interest Bearing Tokens on Tezos.
  • and countless more

Adding support for these tokens enables Ledger Live to tap into:

  • Growing Adoption: Users holding Tezos-based assets increasingly require secure solutions for storage and interaction.
  • Diversified Token Management: Ledger Live would become a central hub for users to access not only popular stablecoins but also liquidity pool tokens and yield-bearing assets.
  • Expanding Tezos Ecosystem: With a robust foundation for DeFi, commerce, and NFT Art, Tezos-native assets are essential tools for traders, collectors, and investors.

Ledger Live users managing Tezos tokens will benefit from the platform’s well-recognized security and user experience, removing the need for external or fragmented solutions.

Impact and Benefits:

  • Streamlined management of Tezos-based tokens for Ledger Live users.
  • Enhanced integration with Tezos DeFi, NFT Art platforms, and Liquidity Baking tools.
  • Positions Ledger Live as a trusted solution for securely storing and interacting with Tezos-native assets.
  • Fosters broader adoption of Ledger Live by the Tezos community, as Ledger becomes an indispensable tool for Tezos users.

Technical Documentation for Standards:

@KevinMehrabi KevinMehrabi added libraries Impacts the Libraries triage In need of triage labels Dec 17, 2024
@jdsika
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jdsika commented Dec 25, 2024

That would be great!

@Linumz
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Linumz commented Dec 26, 2024

Make it happen @ledgerlive

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