It would be a massive understatement to say that DeFi (Decentralized Finance) has changed the blockchain ecosystem in 2020. It would be much more adequate to say that DeFi has completely revolutionized the cryptocurrency market. Both individual investors and industry giants are enthusiastic about the possibilities provided by DeFi solutions, and the DeFi boom is expected to continue in 2021. One of the most influential recent events in Decentralized Finance is the development of XPocket: the first crypto wallet designed to be fully compatible with DeFi.
Unleash the Full Potential of DeFi With One App
Investing in traditional cryptocurrency coins and tokens such as bitcoin, Ethereum or Ripple is a relatively easy process. An investor can simply purchase the desired asset on a centralized exchange such as Binance or Coinbase, and send it to a wallet for holding.
Compared to that, investing in DeFi is slightly more complex. Most of the promising, undervalued DeFi projects are not listed on centralized exchanges, so it’s necessary to use DEXs (decentralized exchanges) like Uniswap to purchase DeFi tokens. Decentralized Finance assets provide extended functionalities such as yield farming, which are not supported by generic crypto multi-wallets, so the user often has to use a dedicated app for each token.
XPocket is the first cryptocurrency multi-wallet designed specifically with DeFi in mind. It is a one-stop solution which combines all the tools needed by DeFi investors into one, powerful application. XPocket is not just another crypto wallet: it’s a multi-functional DeFi app which aside from the basic functionality of sending, receiving and storing cryptocurrency, also provides a vast array of extra features, such as complete support for DeFi solutions like NFTs and yield farming, or the fully-integrated exchange Pocket Swap.
Pocket Swap: All Functions of a Cryptocurrency Exchange in Your Wallet App
Pocket Swap is a decentralized, Ethereum-based exchange protocol which empowers people to effortlessly and securely swap their digital assets between many different blockchains. In simple terms, Pocket Swap is a completely functional DEX (decentralized exchange) similar to Uniswap, but one that you can use directly from your XPocket wallet app.
Pocket Swap enables XPocket’s users to pool their tokens into smart contracts and trade against these liquidity pools. The users can not only easily swap tokens, but also earn fees by adding tokens to a pool. With XPocket you don’t have to worry about security issues while using DEXs, because your wallet app comes with an extremely secure, integrated decentralized exchange.
The ability to use all the features of an advanced decentralized exchange directly in your wallet app not only increases the security of your assets, but it also can help you save a lot of time. You don’t have to worry about fees either, since Pocket Swap only has the minimal 0.3% fee on every trade and transaction.
The Best Crypto Wallet to Make Money With Yield Farming
Yield farming is one of the most popular applications of DeFi. In essence, yield farming is lending cryptocurrency so that it can be put to work, instead of just being held in a wallet. With yield farming, tokens can be placed in liquidity pools which are used to power DEXs. Yield farming rewards users with fees and interest, and it’s an easy method of quickly making money with crypto, in a much more simple way than trading or mining.
With XPocket, users are able to earn money directly in their crypto wallet, without having to use any external websites and apps. In exchange for lending their digital assets to the Pocket Swap liquidity pools, the users are rewarded for their contribution with a portion of the swap fees.
A fee of 0.3% is taken on every transaction and trade made on Pocket Swap. 0.25% is being distributed as rewards for the liquidity providers proportionally to the number of tokens they have provided to a liquidity pool. If a user provides half of the pool’s liquidity, he will be rewarded with 50% of the collected fee. The remaining 0.05% of the fee goes to the top 150 XPocket token holders.
The Perfect Wallet for NFT Collectors
NFTs (Non-Fungible Tokens) have been around for years, and most crypto investors have heard about NFTs such as CryptoKitties. The rise of DeFi solutions is making NFTs increasingly popular again, with a lot of exciting new blockchain projects combining DeFi with Non-Fungible Tokens.
In simple terms, NFTs are digital collectibles similar to trading cards or works of art. Each Non-Fungible Token is completely unique, and its rarity is secured with blockchain technology. The most rare NFTs can even be worth hundreds of thousands of dollars, so collecting and trading them is a superb way to make money in the crypto ecosystem.
XPocket users are able to store different types of collectibles, digital artworks and other NFTs in one place – directly in their everyday crypto wallet. In the near future, XPocket users will also be able to purchase limited edition, exclusive XPocket Non-Fungible Tokens.
Prepare for 2021 with the Best DeFi Crypto Wallet
Investors who want to be successful in the crypto ecosystem have to think ahead and plan their next move in advance. The DeFi market will almost certainly continue to grow in 2021, so it’s essential to prepare all the necessary tools that will make investing in DeFi maximally efficient.
XPocket is the first crypto wallet designed specifically with DeFi in mind. With XPocket, the users can replace dozens of different crypto wallets, centralized exchanges and DEXs with a single app. From securely sending and receiving cryptocurrency transactions, through instantly swapping one token to another, up to supporting advanced DeFi features like yield farming and NFTs – XPocket users are able to do all of this in one app, giving them an advantage over crypto investors who still use outdated wallets.