KEY POINTS
- The integration allows users to access stablecoins and native tokens $SOL and $ETH for bridging transfers between Ethereum and Solana
- Tidus sees the integration as ‘a major step forward in Tidus Wallet’s mission to simplify decentralized finance for everyone’: Dan Mulligan
- Tidus will expand its cross-chain capability to include all EVM-compatible chains by the end of November 2024
Tidus, the “crypto everything app,” a cutting-edge decentralized wallet, has announced its integration with the Mayan Swift SDK (software development kit), powered by Wormhole, allowing for ultra-fast cross-chain transfers and providing a seamless and secure experience for both power users and newcomers in the decentralized finance (DeFi) space.
DeFi has grown significantly in recent years, but it hasn’t attracted as many retail investors. Complex processes in various aspects of the technology and high fees have kept many retailers off the grid.
Bridging the Retail Gap by Simplifying DeFi
Recent studies revealed that less than 5% of crypto holders are making use of DeFi services, clearly underscoring the wide gap in usability and accessibility and also highlighting how far the segment has to go in terms of broader adoption.
Through the integration, Tidus Wallet is paving the way for everyone to take part in DeFi’s growth. “Our integration with Mayan Swift and Wormhole is a major step forward in Tidus Wallet’s mission to simplify decentralized finance for everyone,” said Dan Mulligan, CEO and founder at Tidus Wallet, as per a press release shared with International Business Times.
Tidus Wallet users now have access to stablecoins (USDC and USDT), as well as popular altcoins SOL and ETH, to bridge transfers between the Ethereum and Solana chains.
“With this integration, we’re making cross-chain transfers as easy and cheap as possible, allowing users to move assets securely and seamlessly between Ethereum and Solana,” Mulligan said.
For now, Tidus Wallet’s cross-chain transfers are available to Ethereum and Solana. However, the wallet will extend the capability to include all EVM-compatible chains by the end of the month.
The goal is to allow users to move assets seamlessly across multiple networks as part of Tidus’s commitment to making DeFi accessible, affordable, and easy for everyone.
Key Features of the Tidus Wallet Integration
Tidus was designed to offer users with an intuitive experience for newcomers and power users alike, and with the recent integration, users can expect a more effortless and seamless experience.
- Cross-chain support – Users can transfer USDC, USDT, and ETH between Ethereum and Solana blockchains for an enhanced DeFi experience
- Enhanced security – The integration is powered by the secure infrastructure of Wormhole and Mayan Finance, ensuring that users’ assets are protected (Tidus allows the bridging of assets to other wallets, minimizing potential room for error.)
- Low-cost transfers – The integration is optimized for cost-efficiency, minimizing gas fees for cross-chain transactions and taking no additional fees
- User-friendly interface – The intuitive design allows for asset bridging in just three clicks, enhancing the DeFi experience for all levels of users
Tidus Wallet, which is available for download on the Apple App Store, Google Play Store and Chrome Web Store, is setting a high bar in cross-chain asset management and aiming to empower the masses to enter the DeFi space with ease and efficiency.
