Will Biport Become the Standard Multichain Wallet of DeFi 2.0?
Blockchains have changed the system we have lived and breathed for thousands of years in less than a decade. Despite the apparent advantages of this technology, there are still many problems that it cannot solve properly.
Since the rapid expansion of decentralized finance (DeFi), numerous wallets have flooded into the market. But no dominant leader — and none available yet — has truly lived up to their mission of connecting all blockchains and the multi-trillion dollar capital market.
Enter Biport Wallet — one of the newest and exciting wallets in the decentralized web. Built by the blockchain experts of BIFROST, Biport levels up the decentralized wallet game with its user-oriented and intuitive features.
This article aims to explain how Biport is aiming to connect to all chains and its capital markets to serve as the gateway to the blockchain ecosystem of DApps, DeFi, NFTs, GameFi, and more.
- What is Biport Wallet?
- What distinguishes Biport from other multichain wallets?
In previous decentralized wallets, assets were confined to their respective chains. If you wanted to transfer or manage assets on different chains, you needed to manually switch chains every time. But with Biport, you won’t have to do that ever again.
Biport allows you to manage cryptocurrencies scattered across different blockchains all in one place. Biport already supports several mainstream networks such as Ethereum, Binance Smart Chain (BSC), Avalanche, and even Bitcoin, and where more networks will be supported in the future.
You can send, receive, and store a wide range of assets across networks without compromising convenience and security — bringing users the best multichain experience in DeFi 2.0. Biport’s multichain connectivity is top-notch — probably one of the greatest levels of connectivity out there.
👉 Head to Biport Wallet Guide
I’m sure that you know MetaMask is one of the most widely used decentralized wallets today. If you have ever used a DApp or DeFi, the chance is likely that you already have a MetaMask account.
So, what if you want to use the DApps that support MetaMask, but also use Biport features?
Don’t worry. Biport’s got you.
Biport’s MetaMask Support feature allows you to access and use all DApps that support MetaMask. By enabling this mode, the DApp will recognize Biport as MetaMask. This means that you can use Uniswap, SushiSwap, Compound, Aave, and many other DApps even without MetaMask — and how cool is that, right?
BiFi is the first DeFi to connect Bitcoin and Ethereum networks and to offer native Bitcoin lending.
You can deposit assets to BiFi Lending pool straight from Biport to earn interest and BiFi tokens on your deposits and maximize your earnings.
Biport will eventually integrate with all of BIFROST and BiFi products and expand to other DeFi protocols with more advanced DeFi-specific features.
Have you ever accidentally sent your tokens to a smart contract address and just blankly stared at your screen asking yourself “What the f*ck just happened?”
By design, transactions made on blockchain networks cannot be reversed. If you unintentionally sent it to another wallet address by mistake, there may be a way to get your money back. However, in the case of smart contracts, this is not possible.
So in order to prevent sending to a smart contract address accidentally, Biport’s Transfer Protection feature prevents users from transferring tokens to a smart contract address. This mode is enabled by default when you install the wallet to protect user funds. You can also turn this mode off, but… honestly, I don’t see why you should.
Biport will become the standard gateway to crypto, DApp, DeFi, NFTs, GameFi, and many more in the future. BIFROST’s vision is to create a multichain decentralized infrastructure that connects all capital markets to allow capital to flow seamlessly from one blockchain to another. With Biport, you can hop on early to DeFi 2.0 and the capital of blockchain networks, ecosystems towards the epitome of blockchain era.
Download Biport on your Chrome Extension and start exploring the exciting world of BIFROST, BiFi, and Biport!
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