DeFi
Decentralized finance (DeFi) protocol Frontier started an in-browser wallet extension that allows crypto users to interact with staking, transactional, and NFT activities over 35 supported blockchains, the company told CoinDesk.
The wallet allows users to interact with any decentralized applications (dApps) in one place instead of switching different applications, which becomes tedious for active DeFi users. The wallet supports newer blockchains such as Aptos and Sui, which have seen strong interest and engagement in crypto circles in the past few months.
The in-browser wallet can be used to stake tokens, store and transfer NFTs and even transfer tokens between various networks, a process known as bridging.
Frontier said it had a security feature that detected fraud and phishing attacks to keep users safe. A representative for the company claimed the wallet had over one million users.
Other popular wallets such as MetaMask and Zerion do not publicly offer similar features to users of their in-browser wallets.
A Frontier representative told CoinDesk that the team built APIs – a software that allows different programs to communicate with each other – for networks such as Cosmos, Solana, Near and other networks from scratch, as relevant APIs for gaining user balances and transactional history is “hard to get.”
“MetaMask also has not been focusing on non-EVM chains at all,” the Frontier representative said. “MetaMask has been focusing on MetaMask institutions. However it still lacks the feature where users can access NFTs, interact with DeFi’s all in one place.”
Prices of Frontier’s FRONT tokens were nominally changed in the past 24 hours, as per CoinGecko.
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Sourced from cryptonews.net.
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