Currently, the decentralized industry is expanding so fast that sometimes it is hard to catch up with every new asset or protocol that comes out. In this sense, projects are sparing no effort to deliver more intuitive all-in-one services to make the life of its users easier. A much welcome novelty is Frontier wallet, which is a DeFi wallet that offers great composability, making it easier for investors to track and manage positions across several protocols.
What is Frontier Wallet?
The Frontier wallet can be explained as a cryptocurrency super wallet, allowing users to track multiple crypto assets across many DeFi protocols and smart contracts within a single wallet app.
Instead of delivering a custodial service, Frontier does not require any type of private key. Frontier works as an intuitive environment where all the user’s assets, protocols, and DApps can be reunited within one single dashboard to facilitate management and tracking.
The main idea behind the project is to secure investors’ private keys, using third party wallets to sign the transactions via composability.
In layman’s terms, you do not need to sign up for Frontier and migrate your private keys to manage your funds. Instead, you can manage your funds in different existing wallets such as MetaMask Mobile, Trust Wallet, ImToken, and others via Frontier.
Decentralized systems often have liabilities regarding the fragmentation of data, which includes the necessity for many wallets and DApps. To organize all this amount of data individually and manually is a colossal task, but thanks to Frontier now it can be done out of a few clicks.
Dig Into It
The concept of a next-level DeFi wallet is to have a built-in user interface for common verbs. These verbs do not include only send and receive, but also buy, sell, sign, vote, stake, register, spend, bet, etc.
Frontier does not require any type of sensitive information. All interested investors need to onboard is having an Ethereum address, holding any type of ERC20 tokens, or an open position within a DeFi protocol.
Currently, Frontier supports several major protocols, such as MakerDao, Compound Finance, Uniswap, dYdX, bZx, Synthetix, Set protocol, Kava, and Band Protocol, to name a few.
New protocols will be aggregated within the wallet over time. As the team’s vision is to ease decentralized finance for anyone who wants to onboard on it, they do not charge any fees in the network.
Given the nature of decentralized finance, the platform has no frontiers. Frontier is available worldwide, wherever there is access to the internet.
Rich DeFi Notifications
A unique feature provided by Frontier is the Rich Push Notifications. Information is an asset by itself, especially when it comes to crypto markets. In this sense, Frontiers does not notify investors only when funds are sent, received, or transferred, also delivering several strategic notifications as needed.
These include Anti CDP Liquidation alert, Stability fee changes, Set rebalancing, Incoming and Outgoing transactions, and other resourceful tools. This way, investors can manage or relocate any existing positions to maximize their returns.
For instance, let us say an investor has a MakerDao position open in the protocol. Out of nothing, a sudden crash in a specific asset price happens, affecting this very position. In case this investor is not notified in time, he is likely to lose plenty of money in this process.
However, if he gets notified rapidly (via Mobile, in this case) he can react to catch up in time to save his funds from further losses. This is what Frontier does, supplying the investor with reliable and strategic information via Mobile.
Security and Accessibility
https://www.youtube.com/watch?v=Eod04JEyOV8
Cryptocurrency funds are exposed to major risks via three main factors, which are centralized exchanges, social engineering, and private key security. To prevent such risks and extend safety over funds, Frontier acts as the perfect middleman between wallets and DApps.
This is possible due to the TxLink feature, which is a middleware between DApps and mobile wallets such as MetaMask, TrustWallet, and other wallets for transaction signing. This tool is remarkably reliable as it removes the platform dependency for users and simplifies the management of multiple addresses within a single dashboard.
The concept behind the TxLink is to permit users to interact with DApps using their favorite wallets, without forcing anyone to create a new wallet or to import private keys to Frontier. Plus, it is all done via Mobile, which increases accessibility and ease of use for DeFi investors.
Profitable Opportunities
Frontier offers an exclusive platform where investors can track all their addresses, open positions, and wallets associated with DeFi and ERC20. Users can exchange tokens seamlessly, as the platform offers native integration with all the major wallets, which makes swapping tokens easier and faster.
The platform also offers native integration with DeFiZap, so investors can get exposure to multiple positions across different DeFi protocols. For those unaware, DeFiZap’s Zapper is a simple dashboard to ease the management of DeFi portfolios. This DApp permits investors to track and visualize all their assets and liabilities in one single interface.
There is also the “Earn” feature, which permits users to earn interest on their assets. Also, there is the possibility to stake tokens with validators and earn rewards, supported by protocols such as Kava and Band.
Another great add on brought by the integration of Kava protocol is the possibility to create a debt position on its blockchain with Binance tokens to mint USDX.
Conclusion
Frontier is much more than a simple wallet. It is a next-level Mobile platform that allows investors to access DeFi and ERC20 positions seamlessly and securely. Users do not have to migrate or give their private keys to access their portfolio.
Instead, they can use the exclusive TxLink feature, which permits users to manage their favorite wallets such as MetaMask and TrustWallet, without the need to touch private keys.
The integration of several protocols permits users not only to send or receive funds but to swap tokens, stake with validators, earn interest, create debt positions to mint stablecoins and manage an entire DeFi portfolio within a single dashboard.