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Coinbase integrates Ethereum’s DeFi into wallet app

2020.06.11 币圈资讯, 币圈资讯

As Coinbase states, thousands of users are already accessing DeFi apps, such as Compound and dYdX, indirectly via the decentralized application (dApp) browser from the wallet or via WalletLink on the desktop. The entire process is supposed to be made much easier by the integration into the mobile applications。So the big advantage of the app is that those interested don’t have to work their way through the complicated DeFi jungle to find a high interest rate application that suits them. Instead, over 30 million Coinbase customers get direct access to Ethereum’s DeFi ecosystem via the Coinbase wallet app and can choose between different DeFi platforms. As Coinbase explains, the new feature will be available to users all over the world.

However, this requires broad acceptance, which can only be achieved through an easy and risk-free access.The crypto giant announced that DeFi applications will be integrated directly into the iOS and Android the wallet app of Coinbase. This will allow users of the Coinbase wallet to lend their cryptocurrencies directly from the wallet and earn interest on decentralized finance applications. The iOS app is due to be released this week, while the Android version will follow in the following weeks.

作者 : Jake Simmons

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