DeFi
Rabby Wallet integrates IOTA EVM to enhance multi-chain DeFi experience
Rabby, a Web3 wallet developed by DeBank, has integrated IOTA’s Ethereum Virtual Machine (EVM), significantly improving the multi-chain decentralized finance (DeFi) experience for its users, according to the IOTA Foundation Blog.
Improved multi-chain wallet experience
The integration of IOTA EVM into Rabby Wallet aims to provide users with a secure, transparent and efficient way to navigate the DeFi landscape. Rabby is specifically designed for DeFi users of Ethereum and EVM compatible chains, positioning itself as a secure and transparent wallet for multi-chain ecosystems.
Smooth multi-channel user experience
One of the key features of this integration is the optimized multi-channel experience. Rabby Wallet makes it easier for users to switch between different blockchain networks while using multiple DeFi applications simultaneously. The wallet automatically selects the appropriate blockchain network for each DeFi decentralized application (dApp) based on its database, eliminating the need for users to manually switch networks when interacting with various dApps.
Understanding Transactions
Rabby Wallet also provides detailed transaction information. A confirmation pop-up explains in detail what each transaction entails, helping users understand the actions they are authorizing. This includes displaying estimated balance changes, which is a significant improvement over other commonly used Web3 wallets. This feature helps users navigate the complex world of smart contract execution more easily.
Risk analysis before the transaction
To improve security, Rabby Wallet includes a pre-transaction risk analysis feature. This security engine filters transactions for potential risks before users sign them, alerting users to vulnerabilities such as interactions with previously attacked contracts or non-existent recipient addresses.
Seamless integrations
Rabby Wallet also offers seamless integrations with several hardware wallets, including Ledger, Trezor, and Keystore. It also supports institutional and custody solutions such as Fireblocks and Gnosis Safe, as well as various mobile wallets such as Phantom, MetaMask, Trust Wallet and Wallet Connect.
With the integration of IOTA EVM into Rabby Wallet, users can now enjoy a streamlined and secure DeFi experience across multiple chains. This integration is part of a series of improvements aimed at expanding and improving the IOTA EVM ecosystem.
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