As a seasoned crypto investor with a decade of experience under my belt, I must say that Fireblocks’ recent expansion into decentralized finance (DeFi) has piqued my interest significantly. Having witnessed the rise and fall of various DeFi platforms over the years, I can confidently say that security and usability are two factors that often make or break a platform in this space.
fireblocks, a versatile digital asset platform designed for businesses, has broadened its range of services related to decentralized finance. This expansion now includes functionality for token exchanges and an allowance management system.
On December 4, the Fireblocks team announced their latest development, highlighting that this expansion into Decentralized Finance (DeFi) occurs as a result of increased platform activity over the past year. During their annual user conference, SPARK, Fireblocks’ Chief Product Officer Idan Ofrat disclosed the introduction of two new DeFi functionalities.
Utilizing token swaps and an allowance manager offers essential protective measures for projects aiming to boost user safety while engaging with leading Decentralized Finance (DeFi) platforms such as Aave (AAVE) and Uniswap (UNI).
Users can easily swap tokens through the Uniswap API right inside the Fireblocks dashboard with Fireblocks Swaps.
Joaquín Herrera, Takenos’ COO and founder, stated that by removing the requirement for fund transfers or account management in exchange platforms, Fireblocks simplifies our work process, allowing us to concentrate on what truly matters: expanding our business.
Simultaneously, the Fireblocks Token Allowance Manager offers a clear view of token permissions, empowering users to minimize risks linked to harmful smart contracts. Initially, this feature will cater to Ethereum users.
The introduction of these novel tools aligns with Fireblocks’ ongoing growth within the digital asset sector. Earlier in July, they introduced their blockchain startup kit, which provides a straightforward route for projects to capitalize on self-custody, private key management, and additional features.
Fireblocks has also integrated with multiple crypto and mainstream providers.
In August, they revealed their integration with the gaming platform Immutable, and in September, they established a strategic partnership with Chainlink Labs to provide banks with access to technology for issuing and managing regulated stablecoins.
The platform launched its non-custodial wallet-as-a-service in September 2023.
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2024-12-04 22:24