Introducing the Volt app

Voltage Finance

5 min readSep 21, 2022

Today is an exciting and meaningful day as we have reached an important milestone.

TL;DR

- Voltage ecosystem face-lift

- New Volt DeFi wallet

user friendly
non-custodial (your keys, your crypto)
fiat on-ramp
cloud backup recovery
feeless transactions
DeFi at pocket-reach

- Migration explainer

As announced in the Q3 and Q4 Community Update , a rebranded version of the Fuse Cash app will take place in the Fuse and Voltage ecosystems. So, what is it we have been carefully modelling during the bear (buidler’s) market?

Let’s get more specific.

Volt DeFi wallet

User friendly

We are well aware of the fact that a majority of new DeFi users struggles with working principles of DeFi apps, and with that in mind, our approach was minimalistic, determined and simple. Information overflow is often a reason new users find themselves in no man’s land. In the Volt app, the most important operations are simplied to a level everyone will like and understand, regardless of what their entry level is.

Non-custodial

The whole concept of crypto is based around decentralization. That means: no banks, no middlemen, no custodian. Why does that matter?”, you might ask yourself. Well, as an example, banks can easily block your accounts and you won’t be able to withdraw your hard earned money. In DeFi, the aim at decentralization is fixed. We curate the idea of having complete freedom over our decisions, specially financial ones. Between Volt app and you, there is no one. No one can interfere with your account in any way, unless you give them the green light. With Volt, you’re secure.

Fiat on-ramp

To have a seamless onboarding experience, our partners from Ramp Network have provided a simple, non-custodial fiat on-ramp solution. Also, Ramp is offering some of the lowest fees compared to any other crypto provider, to a market of over 150 countries spread across the globe. Impressive.

Cloud backup recovery

We can’t overstate how imporant security in DeFi is. That’s why we added another layer of protection.

Apart from the “classic” backup template, creating and storing a seed phrase, Volt users will be able to connect the Volt app to their Google Drive, where the cloud backup of recovery file will be stored. The cloud backup of your recovery file is protected, and Volt:DeFi can’t access other files on your drive. On top of that, users can protect their Volt app with biometrics, in this case fingerprint mapping.

Gasless transactions

You read that right, no gas when swapping crypto. We care about our users and their experience in the crypto space. Gas is being covered by Voltage Finance liquidity pools. One step closer to frictionless DeFi.

DeFi at pocket-reach

The first version of Volt will be primarily an entry point for our everyone, specially our community members. That being said, we will gradually enrich the application and add DeFi features as times go by. Expect staking, farming, governance and much more to entailed under the Voltage ecosystem.

Volt will be open for beta testing and during that event, a selected number of users will have the chance to help us out and test the app thoroughly while sharing their experience with us.

For a long time, Fuse Cash has been the simplest gateway to joining the Fuse Network. As the network is expanding, so are priorities shifting. One of our priorities is to offer a seamless DeFi experience to everyone. And how to do it if not mobile? In a fast-paced world, the trends are obviously simplicity and time-management. This can be spotted easily, just think of the era of phone development. The first mobile phone went from a brick-sized alien object to a shiny, multi-color-display device packed with a powerful computer.

The cellular revolution started in the 90’s and to this day, the user-base has grown by a whopping 200000%+, and currently, there’s more than 2.5 billion mobile phone users. Compared to the mobile phone industry, where in 2020 only 47.1% of homes worldwide have a computer (source: statista.com).

Unfortunately, not everyone has access to all the beauties of technology, but mobile phones stand out as a cheap, practical and reliable substitution for computers.

We think the mobile industry is here to stay, and as a DAO aiming to be the ultimate DeFi-hub on the Fuse Network, having our own wallet was a logical move.

How to migrate funds from Fuse Cash to Volt

Goodbye Fuse Cash, hello Volt!

As announced in our Q3/Q4 community update, we are set to deprecate Fuse Cash and migrate to the new Volt app. We’ve been actively working on a better wallet, one that would enjoy all the benefits and perks of DeFi (decentralized finance). Users will have to migrate their funds from Fuse Cash app to the new Volt app. If you are holding assets in your Fuse Cash app, be sure to follow these steps:

1) Download Volt using the following link: https://get.voltage.finance/gBMb

2) Create a new account and back it up and set up security parameters.

3) Once set up, head back to the main page of the Volt app and press the “Receive” button. A window with a QR code and wallet address will pop up. Copy the wallet address.

4) Head to “Wallet” tab inside the Fuse Cash app and press the “Send” button; you will be prompted to input a wallet address. Now, paste the Volt app wallet address, select an asset and amount, and send your funds to your Volt wallet.

For iOS users

Volt iOS version is currently in beta version and can’t be directly downloaded from the Apple App Store, but there is a way to download and install the Volt app.
These are the steps:

1) Download TestFlight
2) Install TestFlight and set it up
3) Once TestFlight has been downloaded and set up, join the Volt beta

DISCLAIMER

Regarding migration of funds, you will have to individually repeat the migration process for all assets you’re holding inside your Fuse Cash app (don’t forget about NFTs). Suggestion: swap your assets for one specific asset (inside Fuse Cash app) and send all of your assets (except NFTs) in one transaction.

Also, please check your staking/farming positions, be sure to withdraw assets to your Fuse Cash app and send them to your Volt wallet.

Join our Twitter, Telegram and Discord and let us know how you like the Volt app, and if there is anything you’d like to add to it!

Become a Voltage community member, join us here:
https://twitter.com/voltfinance
https://discord.com/invite/4CvfJdaNJt
https://medium.com/@voltage.finance