Crypto.com, the leading crypto payment service provider, announced support for 37 new tokens in its user-custodied DeFi wallet. According to the official announcement, the wallet will now provide support for the native tokens of some leading DeFi protocols. These include UNI (Uniswap), YFI (Yearn Finance), LRC (LoopRing), and more.
The Crypto.com DeFi Wallet places itself uniquely in the market as users are in complete control of their crypto private keys. Additionally, it provides user-friendly access to the decentralized finance ecosystem and is powered by CRO. While using the DeFi Wallet, the users do not need a Crypto.com account to store, send, and receive crypto-assets.
Unlike the Crypto.com App, which is a centralized custodian, DeFi Wallet is a user-custodied wallet. Effectively, users who store their crypto assets in DeFi Wallet will have complete legal and beneficial titles of the assets.
37 new tokens added to our DeFi Wallet! Supporting 78 assets in total:
🔥Newest ERC-20 Tokens: $UNI, $YFI, $LRC +
🔥Alongside: $COMP, $LINK, $DAI +
🔥Stablecoins: PAX, TUSD +
🔥#BTC, LTC, XRP, XLM
🔥#CROYour Keys, Your Crypto
Get the DeFi Wallet: https://t.co/KITh9SJif2 pic.twitter.com/BY2nMoaeH7
— Crypto.com (@cryptocom) September 24, 2020
Highly accurate price feeds
Along with user custody, its DeFi Wallet provides trusted price feeds. Recently, it plugged Chainlink’s Price Reference Data into the DeFi Wallet. With that, the wallet ensures the users always receive accurate and transparent price feeds. Crypto.com also launched the first CRO Decentralized Reference Data on the Chainlink Network. This will help the platform improve decentralization and transparency.
Furthermore, Crypto.com deepened its integration into the DeFi ecosystem by launching a Binance-like swap product. Known as DeFi Swap, the service enables users swap their DeFi and CeFi tokens. Additionally, liquidity providers (LPs) on DeFi Swap can earn triple yields.
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