Fast take:
The corporate needs to function as a extra helpful self-custody pockets, bringing all Ethereum-based companies to 1 place.
When the app launches, customers can have their very own self-custody wallets embedded within the app.
Legend is working with varied decentralised finance purposes to allow customers to entry totally different companies with out leaving the app.
Legend, a Decentralised Finance “tremendous app,” has raised $15 million from Andreessen Horowitz (A16z) and Coinabse Ventures. It’s being developed by Jayson Pastime and two executives who beforehand helped construct the crypto lending platform Compound.
The corporate is attempting to construct a “extra helpful self-custody pockets” bettering on what the founders did with Compound, bringing as many crypto companies to the tremendous app as potential.
Based on Pastime, Legend is already working with varied decentralised apps to allow customers to entry totally different companies with out leaving the app.
Foreign money within the testing section. As soon as the app launches, customers can have their very own self-custody wallets embedded in it.
Among the many companies enabled with the launch, customers will have the ability to ship and obtain crypto of their Legend pockets by way of decentralized trade platforms Uniswap and 0x. They may also have entry to crypto lending and borrowing companies provided by Compound and Morpho.
Describing how the platform works in a Fortune interview, Pastime mentioned, the method is that of a “walled backyard”, including that customers received’t must confirm the legitimacy or trustworthiness of the apps they’ve entry to as a result of Legend can have already finished that. “You’re on this secure walled backyard the place nothing unhealthy can occur as a result of we’ve finished all these integrations and eliminated plenty of the chance of interacting with DeFi,” he mentioned.
Based on Pastime, the corporate is now working to get the app listed on the Apple App Retailer because it gears in direction of constructing a dependable person base.
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