Cryptocurrency News

SubWallet Improves Polkadot Ecosystem with New Bridges and Swap Features

By July 2, 2024 No Comments
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In the second quarter of 2024, the Polkadot ecosystem has made a significant improvement with the launch of Polkadot <> Kusama and Polkadot <> Ethereum bridges. These fully trustless bridges improve security by eliminating the need for central intermediaries. Users can now transfer DOT and KSM between Polkadot Asset Hub and Kusama Asset Hub, as well as WETH and WBTC between Polkadot Asset Hub and Ethereum. On top of that, the introduction of the Asset Conversion pallet on Polkadot Asset Hub facilitates swaps among DOT and stablecoins like USDT, and USDC.

Key takeaways

  • SubWallet integrates Polkadot <> Kusama and Polkadot <> Ethereum bridges on its browser extension.
  • The Asset Conversion pallet allows seamless swaps between DOT, USDT, and USDC on Polkadot Asset Hub.
  • SubWallet aims to simplify user interaction with Polkadot through an easy-to-use interface.

SubWallet integrates Polkadot bridges

SubWallet has integrated these new bridges and swap features into its platform. It is the first wallet to support these features on a sleek UI and UX.

“As a proactive agent in the Polkadot ecosystem, we follow ecosystem updates closely and are always one of the fastest to provide support. Bridging and swapping are crucial components of a flourishing DeFi landscape that Polkadot is heading towards, and we want users to have the smoothest and easiest experience with SubWallet.”

—Hieu Dao, Co-founder & CEO of SubWallet

Bridging is supported directly in the Transfer function while swapping is available in the Swap tab. For example, if a user wants to swap DOT to USDT on Polkadot Asset Hub but only has DOT on Polkadot, SubWallet guides them through a cross-chain transfer before making the swap. This built-in cross-chain feature also applies to liquid staking with DOT from the Polkadot relay chain without the need to navigate to third-party apps.

The quick integration has received significant community support, with the official Polkadot X account and numerous key opinion leaders reposting the announcements. SubWallet remains committed to supporting new ecosystem updates swiftly to provide users with an easy and seamless experience.

Wrapping up

SubWallet continues to drive innovation in the Polkadot ecosystem, improving user accessibility and interaction with new bridge and swap features. By integrating these updates into a user-friendly platform, SubWallet is helping to make the Polkadot ecosystem more approachable and functional for all users.