• Radix DLT has released concept images of its web3 wallet to enhance user experience in DeFi.
• The wallet will offer better levels of security than traditional finance due to the integration of web3.
• Last year, billions of user funds were stolen from DeFi dApps, resulting in reputation damage.
Radix DLT, a DeFi-centric smart contracting platform for developers to build and deploy dApps faster in a scalable environment, has taken a crucial step in its mission to enhance user experience in the DeFi space. The team has released the concept images of its web3 wallet in order to roll out a secure yet easy-to-use wallet that drastically improves user experience.
The announcement from Radix represents more than five years of actively researching, designing, and developing five core technologies forming part of Radix. This year, the team plans to release the Babylon Mainnet showcasing the five technologies primarily infused into the Radix wallet. Once live, the wallet will make interaction with crypto dApps fluid for everyone and be ecosystem-ready for projects keen on leveraging the Radix DLT base layer.
Matthew Hine, the Chief Product Officer of Radix, said the wallet ushers in an era for people to “engage effortlessly”, making the various blockchain innovations relevant to people. He stated: “Radix Wallet provides a user experience that gets out of the way and lets users engage effortlessly. It’s the kind of user experience that will make Web3, DeFi, and even the Metaverse actually relevant to people. You can’t build it on any network except Radix.”
Radix is focusing heavily on security when it comes to the wallet. This is due to the mess that was created in DeFi last year, resulting in the theft of user funds and reputation damage. Billions of user funds were lost due to the various dApps, which has made security a priority for the team. The integration of web3 into the wallet will provide higher levels of security than those in traditional finance.
Radix is confident that the wallet will be a game-changer in the DeFi space and will drastically improve user experience. The team is hopeful that the wallet will be successful in its mission of making blockchain and DeFi more accessible to the masses.