Decentralized finance-focused network Elrond Blockchain announced on Wednesday that it has integrated with Frontier Wallet. Founder and CEO, Beniamin Mincu, posted a tweet stating that Elrond based DeFi and Staking Tools are now enabled on India based DeFi Wallet.
Thrilled to announce a collaboration with @Frontierwallet to enable Elrond DeFi & Staking products 🔥
Always great to work with @ravidsrk & his team 🙏
— Beniamin Mincu ⚡ (@beniaminmincu) May 6, 2020
Frontier Wallet is one of the fastest growing blockchain wallets in the South Asia country, which has a tremendous future potential after the Supreme Court lifted the banking ban on crypto companies imposed by the RBI. Commenting on the integration, Ravindra Kumar, Frontier Wallet Founder and CEO said,
Head of Research and Development at Frontier Wallet, Philip Arthur Moore also tweeted, stating that staking is an integral part of both Elrond and Frontier Wallet.
This is something we're pretty excited about! Read between the lines a little bit, and you'll see that staking is an integral part of both @ElrondNetwork and @Frontierwallet's missions. We're looking forward to Elrond's community staking with us. $ERD https://t.co/gjnwPwD0Xt
— Philip Arthur Moore 🇻🇳🐷 (@cryptophilip) May 6, 2020
In the official post on Medium, Mincu said that the DeFi has massive potential, but interacting with different tools continues to be quite difficult.
Elrond Blockchain is a next-gen distributed architecture that was designed to make 1000-fold cumulative enhancements in throughput and transactional execution speed. On the other hand, Frontier Wallet is aimed at making DeFi secure and simple.