Elrond DeFi Products & Staking Tools to be Available in Frontier Wallet
Decentralized Finance products deployed on the Elrond blockchain, as well as tools related to the Elrond Proof of Stake environment, such as validator staking, delegation and rewards management, will be available to Frontier users.
“We’ve been acquainted with Elrond’s technology for a long time and recognize it as a serious contender in the decentralized finance space. Elrond’s throughput, upgradeable Smart Contracts, and developer tools are a superior kit for any builder to work with the new economy. We’re incredibly excited to add the Elrond ecosystem into our product.” said Ravindra Kumar, Frontier Wallet CEO
The vast majority of the existing DeFi tools are already available in the Frontier Wallet. Its friendly user interface and “view-only by default” operations mode provide an intuitive experience and a safe glance into the DeFi space.
“There’s a massive potential to DeFi but interacting with the different tools is still a pain, limiting adoption significantly. Frontier Wallet approaches DeFi in the same way we approach Blockchain — with utmost attention and care for the user. We’re excited to work on the Frontier wallet integration to make products running on Elrond simpler and more accessible.” said Beniamin Mincu, Elrond CEO.
With Frontier Wallet integrating the Elrond ecosystem, innovative finance products deployed on Elrond — the first sharded blockchain architecture — will get even broader exposure to relevant users.
The integration is still work in progress so Elrond products are not immediately available in our partner’s app.
About Frontier Wallet
Frontier Wallet makes Defi, secure, simpler and mobile, ensuring the three biggest challenges of address fragmentation, platform dependency and substandard UI / UX are taken care of. Frontier Wallet has launched an Android and iOS app. For more information, you may follow Frontier Wallet
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
For more information, visit: www.elrond.com
