I recently had the chance to chat with Emile, the co-founder and CEO of the multi-chain DeFi wallet XDEFI.
XDEFI Wallet's Chrome extension is designed to deliver the fastest possible experience for DeFi and NFTs. Unlike its competitors, it achieves this by native integrations with nine blocks, proprietary gas pricing algorithms to make sure users never miss a block, and by automatically adding new token contracts to users wallets.
Before moving into tech, the mile was in traditional finance, working for Bloomberg and Reuters. He started XDEFI Wallet with co-founder David in August 2020 after being hired by BCG to participate in the launch of new ventures for the De Beers group. Since then XDEFI Wallet has grown from a team of four to around 35 and has a user base of over 70 k.
What is the background of the founders of XDEFI and what is their previous experience in cryptocurrencies or DeFi? Our team has talent that were previously at Boston Consulting Group, Consensys, B 2 C 2, and Bloomberg. Our team members have worked in the area of Blockchain, having experience with onramp offramp solutions, as well as the development of decentralised applications themselves. The XDEFI wallet is built to address a gap in the market for a fast and powerful cross-chain DeFi wallet. We were motivated as DeFi users who wanted to build a better product for people like us. XDEFI Wallet has superior cross-chain support, with native integration with nine chains including THORChain, Terra,Ethereum, and most EVM Networks. We plan to add Solana, Arbitrum and Avalanche soon. DeFi users need multichain wallets because DeFi opportunities are no longer limited toEthereum and are becoming more common across multiple chains.
How many people are working on XDEFI and where is the team located? We have a team of around 30 people based around the world. Does XDEFI have any notable partnerships? We are closely linked to the THORChain and Terra ecosystems even though we don't have any formal partners. Which types of DeFi users would benefit from using the XDEFI wallet? XDEFI Wallet is built with DeFi and NFT users in mind. For DeFi, users who are new to DeFi will benefit from the easy-to-use wallet interface and be incentivized to learn more about DeFi with our future Play-to-L earn features. Power features, like Ape Mode and advanced settings, will benefit apes and degens. We offer the best display options for NFT collectors and traders. What is the biggest pain point for DeFi users who are managing multiple DeFi wallets across multiple chains? The biggest pain point for DeFi users is the swapping between multiple DeFi wallets across multiple chains. The convenience of a single wallet without sacrificing opportunities on any chain is provided by a fast and secure multichain wallet. Where will the XDEFI ecosystem be over the next few years? What are some major milestones? In the future, we expect XDEFI Wallet to be the center of a larger XDEFI suite that will include a mobile app, web app, and cross-chain API. What is the utility of the XDEFI token? The XDEFI token was designed with the help of Delphi Digital. It has four main utilities: staking, governance, building, and play to earn. Token holders will be able to claim rewards, receive rebates, and participate in the future governance of the XDEFI Wallet. Community members will be encouraged to learn how to use tools necessary to unlock the full potential of DeFi.
How can I learn more about XDEFI? We have 7 other supported chains that have integrations with LUNA, RUNE and our 7 other supported chains. You can stay up to date with all the XDEFI Wallet news by joining our Discord and following us on Twitter and Medium.