Is there anything better than MetaMask? Of course! That’s DEFED, a wallet as secure and easy to use as MetaMask, but with more powerful features, such as automatic interest generation, low-cost transfers, one-click cross-chaining…

There is no denying that MetaMask was once the most popular lightweight Ethereum wallet. In a nutshell, it managed to visualize the otherwise complex and high barrier way of interacting with smart contracts, making it easy for more people to use the Dapps built on Ethereum.

• MetaMask is mostly used on computers, it allows users to connect to different Dapps, such as various forms of DeFi platforms, or non-homogeneous token exchanges, through a web browser extension.

• MetaMask is compatible with iOS and Android, allowing users to interact with Dapps through an app with an embedded browser.

• In general, MetaMask can support all EVM-compatible networks.

• MetaMask supports all ERC-20 standard Tokens, you can call any type of ERC20 Token through MetaMask.

• It is also a non-custodial, hot wallet, i.e. a wallet that allows users to have full control over private keys and assets on the blockchain, and can make connections with the Internet directly.

Seems like MetaMask is already perfect? Of course, if blockchain development stalled in 2020. But now, there are some new developments.

Due to the rapid growth of DeFi and high frequency oftransactions, transactions on Ethereum mainnet are getting more and more expensive and congested, like a bus about to depart with limited seats but more and more customers, some of whom offer higher prices to get priority on the bus, and some of whom have to wait for the next one. Although this phenomenon has been mitigated in this extremely recessionary economic environment, Gas on Ethernet is still very expensive compared to Layer2.

This results in the following scenarios:

• Users have to consciously reduce the number of transactions.

• Users have to keep assets in their Ethereum accounts to be able to initiate transactions quickly when needed.

While the asset stays in your Ethereum account, it will remain idle, it is dormant and does not bring you any income, which directly reduces the utilization of your money.

MetaMask does not make any optimization for this, and lets your money go to waste.

But, now there is a new solution — DEFED. Its basic functionality is the same as MetaMask, but with targeted optimization:

Basic features:

• It’s a non-custodial, hot wallet, allowing users to have full control of private keys and assets on the blockchain, and can make connections with the internet directly.

• It also allows you to connect to different Dapps through a web browser plugin.

• Also supports all EVM-compatible blockchains.

• Also supports all ERC20 standard Token calls.

Targeted optimization:

Most importantly, your assets, when they are staying at DEFED, will automatically generate interest income, and will no longer be wasted.

Multi-chain usage scenarios

Secondly, since everything DeFi does depends on the interaction with the blockchain, users have to face the above problem for every interaction. Therefore, more and more DeFi are choosing to move to a different Layer2 or Side Chain to achieve lower interaction costs and higher interaction efficiency. For example, DEX DYDX moved to starkNet; Lending Protocol Aave moved to Polygon and Avax; Uniswap, the most successful practitioner of AMM DEX, also moved part of its business to Polygon; and the Binance Smart Chain also has a self-contained ecosystem.

With this background, if you are a DeFi user, a new need naturally emerges:

• You need to use multiple blockchains and manage these accounts efficiently.

• In order to use these blockchains, you need to prepare the corresponding Gas separately.

• You need to cross-chain your assets to other chains.

Then, let’s see what you would do for these needs if you were using MetaMask:

Using multiple blockchains and managing your accounts efficiently

You can switch directly to the blockchain network you want to use through MetaMask, but until you switch networks, you don’t know effectively if you have assets in any network; in order to count and manage assets, you will have to switch networks one by one until you have manually counted all the used networks; and, when you need to call a Token on another network, the first thing you need to do is to switch networks. This is a very inefficient solution.

Prepare Gas for various blockchains

MetaMask still does not provide any optimization for this requirement. When you need to use Polygon, you will have to prepare MATIC as the Gas; when you use Binance Smart Chain, you will have to prepare BNB as the Gas; or, when you want to use AMAX C Chain, you will have to prepare AVAX as the Gas; You have to take the time to prepare various Gas for the multiple blockchains, with the waste of money (For future use, you will have to prepare more Gas than you currently need).

Cross-chain your assets to other chains

This is undoubtedly the most complex and painful point. MetaMask does not provide any cross-chain optimization; therefore, the user has to start learning how to choose a bridge and how to use it, which brings a high learning cost; even so, due to the overall fragmentation of the cross-chain service, there are many steps, which increases the risk of damage to users’ assets; of course, users can also choose CEX, which has a relatively low threshold of use, as a transit point for assets, However, the centralized system of CEX determines that the range of supported assets and chains are limited, which may not meet the needs of users; at the same time, once the receiver’s address is incorrectly filled in during the withdrawal process, users will lose all their assets. Currently, MetaMask does not solve these problems.

Then, how does DEFED solve these problems?

DEFED provides users with a super account system for multi-chain usage scenarios

Under the premise of non-custodial, i.e. the user has 100% control over the wallet and assets with the private key, the user can manage assets on other EVM compatible blockchains through DEFED in one place; DEFED will support the feature of displaying assets at other chains in the user’s DEFED account Dashboard at the same time; This will make it easy to manage assets and accounts in multi-chain usage scenarios.

By deploying proprietary smart contracts, users don’t need to prepare Gas for various chains

DEFED creatively proposes a solution for using multiple chains; DEFED will deploy exclusive Proxy contracts for each user. It’s different to transactions initiated by individual address, which require the Gas. Smart contracts can specify that the triggering party bears the Gas, so that while interacting with dapps on other chains, users do not need to prepare the Gas in advance. This solution improves access to funds, increases capital utilization, and streamlines processes.

You can complete cross-chain at DEFED by one click

Here is the most innovative part of DEFED; DEFED supports cross-chain lending practices. That means users can use assets that are deposited on the ETH mainnet as collateral and borrow assets needed directly at other networks for use (transferring assets directly to another address or interacting with Dapp). With this feature, all cross-chain operations are almost imperceptible to the user, which means that the complexity and high cost of multi-chain operations and the additional risks associated with multiple steps are infinitely weaker with DEFED’s solution.

Is there anything better than MetaMask? Of course! That’s DEFED, a wallet as secure and easy to use as MetaMask, but with more powerful features, such as automatic interest generation, low-cost transfers, one-click cross-chaining…

There is no denying that MetaMask was once the most popular lightweight Ethereum wallet. In a nutshell, it managed to visualize the otherwise complex and high barrier way of interacting with smart contracts, making it easy for more people to use the Dapps built on Ethereum.

• MetaMask is mostly used on computers, it allows users to connect to different Dapps, such as various forms of DeFi platforms, or non-homogeneous token exchanges, through a web browser extension.

• MetaMask is compatible with iOS and Android, allowing users to interact with Dapps through an app with an embedded browser.

• In general, MetaMask can support all EVM-compatible networks.

• MetaMask supports all ERC-20 standard Tokens, you can call any type of ERC20 Token through MetaMask.

• It is also a non-custodial, hot wallet, i.e. a wallet that allows users to have full control over private keys and assets on the blockchain, and can make connections with the Internet directly.

Seems like MetaMask is already perfect? Of course, if blockchain development stalled in 2020. But now, there are some new developments.

Due to the rapid growth of DeFi and high frequency oftransactions, transactions on Ethereum mainnet are getting more and more expensive and congested, like a bus about to depart with limited seats but more and more customers, some of whom offer higher prices to get priority on the bus, and some of whom have to wait for the next one. Although this phenomenon has been mitigated in this extremely recessionary economic environment, Gas on Ethernet is still very expensive compared to Layer2.

This results in the following scenarios:

• Users have to consciously reduce the number of transactions.

• Users have to keep assets in their Ethereum accounts to be able to initiate transactions quickly when needed.

While the asset stays in your Ethereum account, it will remain idle, it is dormant and does not bring you any income, which directly reduces the utilization of your money.

MetaMask does not make any optimization for this, and lets your money go to waste.

But, now there is a new solution — DEFED. Its basic functionality is the same as MetaMask, but with targeted optimization:

Basic features:

• It’s a non-custodial, hot wallet, allowing users to have full control of private keys and assets on the blockchain, and can make connections with the internet directly.

• It also allows you to connect to different Dapps through a web browser plugin.

• Also supports all EVM-compatible blockchains.

• Also supports all ERC20 standard Token calls.

Targeted optimization:

Most importantly, your assets, when they are staying at DEFED, will automatically generate interest income, and will no longer be wasted.

Multi-chain usage scenarios

Secondly, since everything DeFi does depends on the interaction with the blockchain, users have to face the above problem for every interaction. Therefore, more and more DeFi are choosing to move to a different Layer2 or Side Chain to achieve lower interaction costs and higher interaction efficiency. For example, DEX DYDX moved to starkNet; Lending Protocol Aave moved to Polygon and Avax; Uniswap, the most successful practitioner of AMM DEX, also moved part of its business to Polygon; and the Binance Smart Chain also has a self-contained ecosystem.

With this background, if you are a DeFi user, a new need naturally emerges:

• You need to use multiple blockchains and manage these accounts efficiently.

• In order to use these blockchains, you need to prepare the corresponding Gas separately.

• You need to cross-chain your assets to other chains.

Then, let’s see what you would do for these needs if you were using MetaMask:

Using multiple blockchains and managing your accounts efficiently

You can switch directly to the blockchain network you want to use through MetaMask, but until you switch networks, you don’t know effectively if you have assets in any network; in order to count and manage assets, you will have to switch networks one by one until you have manually counted all the used networks; and, when you need to call a Token on another network, the first thing you need to do is to switch networks. This is a very inefficient solution.

Prepare Gas for various blockchains

MetaMask still does not provide any optimization for this requirement. When you need to use Polygon, you will have to prepare MATIC as the Gas; when you use Binance Smart Chain, you will have to prepare BNB as the Gas; or, when you want to use AMAX C Chain, you will have to prepare AVAX as the Gas; You have to take the time to prepare various Gas for the multiple blockchains, with the waste of money (For future use, you will have to prepare more Gas than you currently need).

Cross-chain your assets to other chains

This is undoubtedly the most complex and painful point. MetaMask does not provide any cross-chain optimization; therefore, the user has to start learning how to choose a bridge and how to use it, which brings a high learning cost; even so, due to the overall fragmentation of the cross-chain service, there are many steps, which increases the risk of damage to users’ assets; of course, users can also choose CEX, which has a relatively low threshold of use, as a transit point for assets, However, the centralized system of CEX determines that the range of supported assets and chains are limited, which may not meet the needs of users; at the same time, once the receiver’s address is incorrectly filled in during the withdrawal process, users will lose all their assets. Currently, MetaMask does not solve these problems.

Then, how does DEFED solve these problems?

DEFED provides users with a super account system for multi-chain usage scenarios

Under the premise of non-custodial, i.e. the user has 100% control over the wallet and assets with the private key, the user can manage assets on other EVM compatible blockchains through DEFED in one place; DEFED will support the feature of displaying assets at other chains in the user’s DEFED account Dashboard at the same time; This will make it easy to manage assets and accounts in multi-chain usage scenarios.

By deploying proprietary smart contracts, users don’t need to prepare Gas for various chains

DEFED creatively proposes a solution for using multiple chains; DEFED will deploy exclusive Proxy contracts for each user. It’s different to transactions initiated by individual address, which require the Gas. Smart contracts can specify that the triggering party bears the Gas, so that while interacting with dapps on other chains, users do not need to prepare the Gas in advance. This solution improves access to funds, increases capital utilization, and streamlines processes.

You can complete cross-chain at DEFED by one click

Here is the most innovative part of DEFED; DEFED supports cross-chain lending practices. That means users can use assets that are deposited on the ETH mainnet as collateral and borrow assets needed directly at other networks for use (transferring assets directly to another address or interacting with Dapp). With this feature, all cross-chain operations are almost imperceptible to the user, which means that the complexity and high cost of multi-chain operations and the additional risks associated with multiple steps are infinitely weaker with DEFED’s solution.