New CoinStats upgrade wants to make DeFi services available to all 🚨 This article is 3 years old...
New CoinStats upgrade wants to make DeFi services available to all
The team is on track to massively expand CoinStats’s functionality and become a full-fledged portfolio manager,
2 min read
Updated: Aug. 31, 2021 at 6:32 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In a bid to become the ‘door to DeFi’ of choice, CoinStats has announced an upgrade to increase its functionality and become a full-fledged portfolio manager, where users can buy, sell, track, and earn, as well as get personalized portfolio insights.
The app has hundreds of thousands of daily and over a million monthly users and connects hundreds of exchanges, wallets, and crypto platforms aggregating all of one’s crypto holdings in one place.
“Inspired by the concept of an open and transparent DeFi ecosystem, we would love to play our part in its future growth. The product feature we’ve built allows you to easily access the DeFi ecosystem from the CoinStats app. You can either use the wallet you already have or switch to CoinStats Wallet, a new user-friendly wallet we’ve designed for exceptionally secure and easy DeFi access,” the team wrote in a release shared with CryptoSlate.
CoinStats Wallet
Getting started with CoinStats Wallet is as straightforward as it can be. If you already have a CoinStats app, all you have to do is click on the Wallet icon on the tab bar and create your brand new CoinStats Wallet. If you don’t have the CoinStats app installed, you need to go to Google Play or App Store to download it and then easily create the Wallet.
The Wallet comes with a number of features, including the option to buy crypto with a credit card and swap on multiple networks, such as BSC, Ethereum, Polygon) from one place.
Built with a special emphasis on a smooth and intuitive user experience, CoinStats Wallet is fast, secure, and beginner-friendly. It also gives you the option of fiat on-ramp through the cheapest and most secure gateways.
While CoinStats Wallet is an incredibly important addition, it only marks the beginning of a string of massive transformations: The team has also unveiled DeFi swapping, yet another new CoinStats feature plays a key role in these transformations.
How DeFi Swapping Works
To use the swapping feature you can either connect the wallet you’re already using, such as Metamask, to CoinStats or create a new CoinStats Wallet. The DeFi swapping feature introduced on the app has introduced three new features:
1. Optimal Swap Price
The app aggregates liquidity from dozens of decentralized exchanges on the three most popular networks (Ethereum, Polygon, and Binance Smart Chain) which gives users the best swap price.
2. Convenience
Users can swap any coin to any other coin in a few seconds without closing their favorite portfolio tracker.
3. Security
The CoinStats team has ensured industry-leading standards of security by implementing the best evidence-based practices in the field. When dealing with intangible assets, guaranteeing the secure and risk-free transfer of assets becomes even more important.
Next steps
An upcoming feature to be launched soon is the Earn feature, which will enable you to earn up to 20% APY on your crypto easily, securely, and most importantly, in a highly transparent manner.
For more information, check out the CoinStats Wallet.
