Coinbase Smart Wallets are here
DeFi protocols offer a range of financial services without intermediaries: lending, borrowing, trading, earning interest, and more.
These services are powered by smart contracts on blockchains like Ethereum, providing transparency, security, and the potential for higher yields compared to traditional finance.
However, engaging with DeFi has traditionally required a steep learning curve. Users need to understand concepts like private keys, seed phrases, gas fees, and the intricacies of different blockchain networks.
This complexity has kept DeFi largely in the realm of tech-savvy crypto enthusiasts. For the average person accustomed to user-friendly web2 applications, the prospect of managing a seed phrase or paying a fee for every transaction can be daunting.
Smart Wallet: Your Key to Simplified DeFi
Coinbase has introduced the Smart Wallet with features that directly tackle the barriers to DeFi adoption.
Effortless onboarding
Gone are the days of writing down and safeguarding a 12 or 24-word seed phrase.
The Smart Wallet allows you to create a secure, self-custodial wallet using authentication methods you’re already comfortable with: Face ID, Google Chrome, or…
