The DeFi Killer Use Case is Getting Super-Charged
Hello defiers! here’s what’s going on in decentralized finance:
- DexWallet’s dDai fine-tunes earning interest on Dai
- Samsung launches a developer tool-kit fueled by Ethereum
DeFi is Coming to the World’s Most Popular Smartphones
Samsung, the world’s largest smart phone producer, is launching tools to be make it easier for developers to integrate blockchain technology into mobile applications.
The Samsung Blockchain Platform SDK, which supports Ethereum, allows web-based blockchain applications to integrate into a mobile space so users won’t need access to a desktop or laptop to pay with crypto or use DApps, and makes it easier for legacy apps to integrate blockchain features, such as enabling payment with cryptocurrency. The developer kit also has an integration with Ledger, so users have more options for storing their private keys.
Samsung probably chose Ethereum as the blockchain for its first developer tool kit because it’s the chain with the biggest developer community and a thriving application ecosystem, with decentralized finance at its center. This will make it easier to put DeFi where a people are spending an increasing amount of time and choosing to go for the majority of their online interactions, and that’s their smart phones.
Earlier this year Samsung also launched the Samsung Blockchain Wallet App, for users to access DApps and transact in crypto, along with the Samsung Blockchain Keystore, for users to protect their private information and digital keys. The Keystore supports Bitcoin, Ethereum and select Ethereum tokens.
DexWallet Super-Charges Interest on DeFi
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About the author: I’m Camila Russo, a financial journalist writing a book on Ethereum with Harper Collins. I was previously at Bloomberg News in New York, Madrid and Buenos Aires covering markets. I’ve extensively covered crypto and finance, and now I’m diving into DeFi, the intersection of the two.
