Frontier, a premier DeFi, Crypto, and NFT wallet, has now integrated Tezos, an energy-efficient and self-upgradable Proof of Stake blockchain, to broaden its ecosystem, unlock novel levels of decentralized finance services, and provide more DeFi possibilities for users worldwide, through a compounding yield service and instant low-cost offerings easily accessible on the Frontier mobile application.
As announced by the team, this new Frontier support implies that users can access the Tezos DeFi ecosystem alongside 14 more blockchain networks such as Avalanche, Polygon, among others. Without a doubt, thoughtful designs paired with strong security, low gas fees, and community-led innovation are the essential factors driving the next wave of adoption in the budding DeFi industry. This explains Frontier’s integration with Tezos.
Tezos is at the forefront of the global blockchain revolution and its decentralized ecosystem is notable for fast, secure and efficient digital interactions with lowered entry barriers. Compared to other chains, Tezos can seamlessly evolve, with regular updates designed and approved by its global community of users and developers. The project’s expansion to this chain is poised to increase efficiencies, adopt novel DeFi features for next-gen use cases, contribute significantly to the growth of the sector, and lead to the integration of more blockchain networks in the future for a bigger DeFi and cross-chain push.
Frontier’s integration with Tezos is not its first move towards giving users a front seat in DeFi. The project had unveiled its V2 App for users to have an unmatched experience as they explore decentralized products. One amazing feature of the V2 app is that it supports over 4,000 crypto-assets across different blockchains, thereby enabling users to easily manage, stake, and transact without difficulties. Interestingly, all the blockchain layers have been aggregated. The app also simplifies onboarding. The Frontier V2 app has a simple and easy-to-use interface for newbies while still maintaining a professional layout. Both new and existing users will enjoy an even more robust user experience.
Bringing a Unique DeFi Experience
The V2 release focuses majorly on making buying cryptocurrencies an easy feat for DeFi citizens. This is achieved by integrating with MoonPay into the project idea. So users can buy crypto-assets with bank transfers and mobile payments via Google Pay and Apple Pay. The project also features a commission-trading model that allows users to swap at no cost implications or profit on their part. The recent integration with Tezos is also aimed at simplifying transactions and making DeFi products even more accessible to users.
Frontier enables its users to create multi-coin crypto wallets through which they can access and store Tezos-based assets on the Frontier App. Users can explore a range of digital assets as the app supports FA 1.2 and 2.0 tokens. The FA assets on Tezos are similar to the ERC-20 and ERC-721 standards on Ethereum. The FA 2.0 token standard supports a wider range of tokens standards just like Ethereum’s fungible (ERC-20), Non-fungible (ERC721), and multi-asset contracts (ERC-1155).
The Frontier-Tezos partnership will see that DeFi users will not only enjoy seamless and permissionless protocols for transactions but also access different blockchains all from one interface. The collaboration will also usher in more exciting features like a decentralized exchange, NFTs, and staking opportunities for individuals to grow their yields on Tezos.By making DeFi accessible to all, the project is giving individuals the leverage of their potential in a landscape of innumerable use cases and advantages.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
