DeFiChain Wallet

DeFiChain Wallet is a mobile application that serves as a gateway to the world of #NativeDeFi. This refers to the open, decentralised, and profitable finance ecosystem powered by DeFiChain, a secure blockchain that combines the benefits of decentralised finance with the security and immutability of Bitcoin. With this wallet, users can easily access and participate in the DeFiChain ecosystem.

The Portfolio page of the DeFiChain Wallet allows users to conveniently manage and view all their assets on the DeFiChain platform. This feature is designed with the principle of convenience in mind, making it easy for users to keep track of their investments and transactions.

The wallet also allows for seamless trading of dTokens and other crypto-assets on the DEX (decentralised exchange). Users can supply liquidity to DEX pools, such as DFI-DUSD, and earn high yields while supporting the decentralised exchange. This feature provides users with more opportunities to grow their investments.

Another exciting feature of the DeFiChain Wallet is the ability to access decentralised loans. Users can unlock more financial potential by taking advantage of trust-less decentralised loans and accessing dTokens through collateralized vaults on the blockchain. This feature also allows users to participate in auctions for liquidated vaults, providing them with access to collateral tokens at a great value.

The DeFiChain Wallet is non-custodial, meaning users have full control over their funds. They can take custody of their 24-word recovery phrase, which is protected by a 6-digit passcode. This ensures the security and safety of their assets.

For users transitioning from the desktop wallet app to the mobile app, the DeFiChain Wallet provides useful tips to make the process smooth. It is important to note that the recovery words and wallet.dat from the desktop app are not compatible with the mobile app. Therefore, users must follow specific steps to transfer their assets successfully. Additionally, the current version of the mobile app does not support creating masternodes, so users are advised to continue with their existing setups.