Ambire Wallet Launches Moonbeam Integration as First Parachain Supported

2 years ago 165

Sofia, Bulgaria, 21st March, 2022,

Ambire Wallet, an integrated DeFi wallet offering a single interface to use leading DeFi applications, has added support for the Moonbeam Network. Its users will now be able to use Ambire to send transactions and use native Moonbeam DeFi protocols.

Moonbeam is the Ethereum-compatible parachain of the Polkadot network. Unlike most other EVM-based networks out there, Moonbeam is not a direct code fork of Ethereum node software. Instead, it is a Substrate chain that emulates Ethereum features and its communication protocol to provide a compatible environment. This means that Moonbeam has additional features such as integrated governance, cross-chain integrations and staking, which are native to Substrate.

DApp developers can deploy on Moonbeam just as they would on other EVM chains, using the exact same tooling and code. Existing major DeFi protocols on Moonbeam include Sushi and Curve, with a number of Moonbeam-native options as well for swapping and lending.

The thriving DeFi ecosystem allows for opportunities across the board for Ambire users.

Ambire Wallet can access these opportunities from a single interface, which provides a useful central dashboard for the user’s DeFi activity. This includes the ability to swap tokens or access dapps via WalletConnect, with the platform offering detailed breakdown of balances and past transactions. Ambire also includes scam-proofing mechanisms, for example by ensuring that users give token approvals to the exact contract they meant to interact with.

“We have been excited about Polkadot since the very start, starting with our AdEx implementation on Substrate back in 2018,” said Ivo Georgiev, CEO of Ambire. “We’re very excited to be backing the first parachain on Ambire, and Moonbeam was the natural choice as the most vibrant ecosystem out there so far.”

“Wallet infrastructure is critical for enabling users to get access to some of the amazing DeFi applications in the Moonbeam ecosystem” said Nate Hamilton, Ecosystem Lead for Moonbeam. “The Ambire team’s multichain focus as well as their extensive background in the substrate ecosystem made for a great expansion of our ecosystem.”

Together with Moonbeam, Ambire adds Moonriver. Moonriver is a companion network to Moonbeam and provides a permanently incentivized canary network. New code ships to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code ships to Moonbeam on Polkadot.

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About Ambire
Ambire (formerly AdEx Network) is the company that develops the new-generation solution for digital advertising Ambire AdEx and a DeFi-focused crypto wallet, Ambire Wallet.
Ambire Wallet is a full-featured cryptocurrency wallet for anyone from the absolute beginner to the crypto and DeFi pioneers. It brings a number of innovative features like automatic gas management, hardware wallet support for military grade security and much more. With Ambire wallet, anyone can easily benefit from the crypto and DeFi industries without dealing with complicated interfaces or concepts.

About Moonbeam
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Following Moonriver’s tremendous success on Kusama as the most active deployment destination for over 80 DApps, Moonbeam benefits from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot