- The WalletConnect v1.0 protocol has been combined with the open-source web application created by ShapeShift DAO.
- More wallets, chains, and protocols are currently supported by ShapeShift than by any other open-source, community-owned cryptocurrency software.
- WalletConnect, Keplr, XDEFI Wallet, and Tally Ho’s 1M+ ShapeShift users are finally being welcomed by the business with excitement.
The open-source web app developed by ShapeShift DAO, a decentralized, non-custodial cryptocurrency platform, and community has been merged with the WalletConnect v1.0 protocol. This was along with the Keplr, XDEFI Wallet, and Tally Ho wallets. These integrations might add over a million new, qualified users. WalletConnect is chain independent and offers a bridge to hundreds of ETH and EVM-compatible wallets and DApps.
You can now connect to ShapeShift #DAO with @WalletConnect 🦊 📲— ShapeShift 🦊 (@ShapeShift) July 28, 2022
Further positioning our FREE, community owned web app as the truly universal application for all your #DeFi needs 🌌 🌈
Learn more about this & our other wallet integrations here: https://t.co/V4Yjooqqgd pic.twitter.com/4OwfxA8syY
Due to ShapeShift’s current wallet and chain support, users of app.shapeshift.com may handle all of their DeFi operations more conveniently, without fees or custody. ShapeShift currently supports more wallets, chains, and protocols than any other open-source, community-owned cryptocurrency program.
Willy Ogorzaly, Head of Decentralization for ShapeShift DAO said that a single app that enables users to quickly connect with combined DeFi protocols across chains is what ShapeShift DAO is working hard to provide as the best interface for the decentralized world.
He added that they fundamentally view an open-source, community-owned, decentralized, and free interface as the best. They are currently working on this because it ought to be there already but isn’t.
They believe that the ultimate interface to the decentralized world should support a variety of wallets, and they are excited to finally welcome ShapeShift’s 1M+ customers from WalletConnect, Keplr, XDEFI Wallet, and Tally Ho.
WalletConnect, an open-source Web3 communication protocol, connects wallets and DApps. Thanks to its decentralized messaging infrastructure, a wallet can connect to and communicate with another wallet or DApp using a QR code or deep link.
WalletConnect’s encrypted security, simplicity, and ease of use have led to its inclusion in more than 100 of the most well-liked wallets and hundreds of DApps. In a later release, WalletConnect support will be expanded so that ShapeShift users can connect to any DApp that supports WalletConnect and execute transactions from any wallet supported by app.shapeshift.com.
Since 2014, ShapeShift has been a pioneer in self-custody for trading digital assets. Today’s ShapeShift DAO is a dedicated team of programmers working to advance bitcoin trading, investing, and accessibility to open decentralized financial systems.