Recently Cryptoslate had a chat with Emile, who is multi-chain DeFi wallet XDEFI’s co-founder and CEO. Emile has previously worked for Bloomberg and Reuters. His move from traditional finance to tech is recent. XDEFI was launched recently in Aug 2020 with co-founder David. XDEFI now has a team of 35 and a user base exceeding 70K.
During the chat, Emile highlighted that the staff at XDEFI had extensive experience in traditional finance with leading firms. Its personnel also have experience in blockchain, and in the development of decentralized applications.
XDEFI – Features
The problem that XDEFI was solving was to provide a fast and powerful cross-chain DeFi wallet. Compared to the competition, XDEFI has superior cross-chain support. It offers native integration with nine other chains and has plans to soon add more chains.
Emile feels that DeFi users need multichannel wallets because newer opportunities have emerged other than Ethereum. He brought out that XDEFI also has close links with THORChain and Terra ecosystems.
The XDEFI wallet has been built keeping in mind the needs of DeFi and NFT users. Their biggest pain point was switching between other DeFi wallets across chains. XDEFI allows secure switching to capitalize on opportunities on any chain.
Emile felt that very soon XDEFI will feature a mobile app, a web app and cross-chain API. XDEFI tokens will enable their staking for rebates, rewards and to participate in the governance of the XDEFI wallet.
XDEFI shortly plans to deepen integrations with existing chains and also integrate SOL, AVAX and FTM. It also plans to launch a Firefox extension, a mobile/web app, and cross-chain API. XDEFI also plans to launch a multichannel DEX aggregator.