XDEFI Wallet is a browser wallet extension that supports displaying and managing NFTs while securely managing digital assets and connecting to dApps.
The following description are cited from its official documents:
One wallet for all of Web3: Swap, send and store more than 10,500 assets on Ethereum, THORChain, Avalanche, Fantom, Arbitrum, Polygon, Bitcoin, Binance Chain, Binance Smart Chain, Doge, Litecoin, Luna2, Luna Classic, and Bitcoin Cash.
A single gallery for all of your NFTs: A single, customizable gallery for your Ethereum, Avalanche, Polygon, Binance Chain and Luna2 NFTs.
Permissionless swaps and bridging: Unlimited swaps for all THORChain assets, all within the wallet.
XDEFI Wallet is non-custodial: We never have access to your funds. XDEFI Wallet never stores your seed phrase, your password or any private information.
You are always in full control of your funds and data.
The $XDEFI token has four main utilities: staking, governance, building, and play to (l)earn. Token holders will be able to stake their tokens in order to receive rebates, claim rewards and participate in the future governance of the XDEFI Wallet. Community members will be incentivised to learn how best to use the tools necessary to unlock the full potential of DeFi.
Staking
Users can receive rebates on fees incurred when using the swap functionality and claim rewards coming from the trading fees generated. The rebate vault will be available in the first half of 2022 directly in the wallet.
Staking $XDEFI into the rebate vault entitles users to discounts on the trading fees incurred when using the swap functionality of the wallet.
Staking $XDEFI yields rXDEFI (Rebate $XDEFI). The longer the user locks their $XDEFI in the rebate vault, the more rXDEFI the user will accumulate.
A percentage of the trading fees will be allocated into a community treasury, which will be governed by the stakers in the future.
$XDEFI tokens will be used to fund strategic projects focusing on growing the DeFi and NFT ecosystems around the wallet.
Users will be incentivised to learn about DeFi and discover the necessary tools to use it to its fullest. $XDEFI token will be leveraged to create an educational framework around DeFi and NFTs to improve knowledge about web3 and encourage wider adoption. More information will be available in the coming months.
