Rabby Wallet Integrates IOTA EVM to Enhance Multi-Chain DeFi Experience - Blockchain.News

Rabby Wallet Integrates IOTA EVM to Enhance Multi-Chain DeFi Experience

Tony Kim Jun 15, 2024 02:14

Rabby Wallet by DeBank integrates IOTA EVM, enhancing multi-chain DeFi with smooth network switching and pre-transaction risk scanning.

Rabby Wallet Integrates IOTA EVM to Enhance Multi-Chain DeFi Experience

Rabby, a Web3 wallet developed by DeBank, has integrated IOTA's Ethereum Virtual Machine (EVM), significantly enhancing the multi-chain decentralized finance (DeFi) experience for its users, according to the IOTA Foundation Blog.

Enhanced Multi-Chain Wallet Experience

The integration of IOTA EVM into the Rabby Wallet aims to provide a secure, transparent, and efficient way for users to navigate the DeFi landscape. Rabby is specifically designed for DeFi users of Ethereum and EVM-compatible chains, positioning itself as a safe and transparent wallet for multi-chain ecosystems.

Smooth Multi-Chain User Experience

One of the key features of this integration is the optimized multi-chain experience. Rabby Wallet makes it easier for users to switch between different blockchain networks while using multiple DeFi applications simultaneously. The wallet automatically selects the appropriate blockchain network for each DeFi decentralized application (dApp) based on its database, eliminating the need for users to manually switch networks when interacting with various dApps.

Transaction Understanding

Rabby Wallet also provides detailed transaction insights. A confirmation pop-up window explains in detail what each transaction entails, helping users understand the actions they authorize. This includes showing estimated balance changes, which is a significant improvement compared to other commonly used Web3 wallets. This feature helps users navigate the complex world of smart contract executions with greater ease.

Pre-Transaction Risk Scanning

To enhance security, Rabby Wallet includes a pre-transaction risk scanning feature. This security engine screens transactions for potential risks before users sign them, alerting users to vulnerabilities such as interactions with previously attacked contracts or non-existent recipient addresses.

Seamless Integrations

Rabby Wallet also offers seamless integrations with several hardware wallets, including Ledger, Trezor, and Keystore. It also supports institutional and custodial solutions like Fireblocks and Gnosis Safe, as well as various mobile wallets such as Phantom, MetaMask, Trust Wallet, and Wallet Connect.

With the integration of IOTA EVM into Rabby Wallet, users can now enjoy a streamlined and secure DeFi experience across multiple chains. This integration is part of a series of enhancements aimed at expanding and improving the IOTA EVM ecosystem.

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