Control Your DeFi World From the Eidoo Wallet App
Updated: Sep 15, 2021
With more than $120 billion worth of total value locked, the DeFi market is growing rapidly. To ensure that you stay ahead of all the latest developments and have access to the entire gamut of the hottest decentralized applications in this burgeoning space, you need a tool that is much more than just a DeFi wallet. You need a full-fledged ecosystem that can help you tap into all significant aspects of the decentralized finance ecosystem.
As a beginner, you may be confused about which one to go with for your DeFi needs. On the contrary, if you have spent a significant time tinkering with dApps, there is an unquestionable comfort level that you share with the wallets you generally use. But as they say, life only gets interesting when there's more to explore.
If you believe in the same, Eidoo is a multifunctional non-custodial DeFi wallet that you should check out, as it provides the perfect gateway to the world of numerous DeFi Platforms. But don't take our word for it.
The following points will clarify why Eidoo is a complete umbrella solution for interacting with dApps, rather than just a simple wallet.
Multi-currency support: Eidoo lets you store bitcoin, ether, litecoin, etc., just like every other crypto wallet out there. However, it just doesn't end there. It affords storage support for over 1000 crypto assets, including all major ERC-20 and ERC-721 tokens.
Multi-platform support: You can download the Eidoo DeFi coin wallet on your PC or smartphone (Android and iOS). The wallet syncs with every blockchain network (corresponding to the tokens you hold) and keeps your balances updated. This also means you can access Eidoo anytime and anywhere across all your digital devices.
WalletConnect integration: Eidoo too has an in-built integration with WalletConnect. You can leverage this to establish an end-to-end encrypted connection between your Eidoo wallet and numerous dApps.
Yield farming support: One feature that makes Eidoo a complete DeFi ecosystem is its ability to facilitate yield farming/liquidity mining strategies. Yes, that's right! You use bitcoin (BTC), litecoin (LTC), EOS, and other non-DeFi cryptocurrencies, for yield farming on Ethereum or any other DeFi supporting blockchain.
Built-in DEX: The Eidoo DeFi wallet also doubles up as a DeFi crypto trading platform, has an in-built, fully-functional decentralized exchange (DEX). You can use it to keep an eye on your crypto holdings' performance and buy more or sell as per your desire. Also included are notifications for new projects, lending rate comparison for different lending platforms for instant crypto loans.
pNetwork partnership: Due to our partnership with pNetwork, you can now use your Eidoo wallet to stake PNT in the pNetwork DAO, vote on necessary protocol upgrades, and earn rewards in liquidity mining initiatives.
VISA crypto debit card access: And if you thought Eidoo is just a DeFi enabling crypto wallet, you are grossly mistaken. Through eidooCARD, Eidoo's very own VISA-backed debit card, you can spend their crypto assets for purchases in online or brick-and-mortar stores. You can even withdraw fiat currency with the eidooCARD and earn up to a 10% cashback for qualifying purchases.
Built-in NFT manager: Are you an NFT fan and collector? No problem, Eidoo's got you covered. You can use the wallet's in-app NFT manager to buy, hold, and trade non-fungible tokens. Also, you can very easily view and manage all your digital collectibles right from the comfort of your phone or PC.
Eidoo is the best DeFi wallet app that provides a one-stop solution to let you store your crypto, enables you to trade effortlessly on a seamless DEX, and opens passive income opportunities through staking and yield farming. If these aren't reasons enough for you to manage everything in your DeFi world with Eidoo, ask the users themselves in our Telegram community and see what they have to say. Alternatively, follow us on Twitter for more news.