DeFi Crypto Wallet Launches Public Version and Liquidity Mining Program

Days after raising $2.5M in a private funding round, DeFi’s new-generation solution for digital advertising Ambire is excited to announce that it is finally out of beta and now accepts registration. The wallet has undergone extensive auditing and beta testing with more than 5,000 accounts for the past few weeks.

Ambire says it is now open to anyone interested in cryptocurrency and DeFi, from beginners to degens. Ambire Wallet is a non-custodial and open-source smart wallet that provides its users easy access to DeFi, enhanced user experience, and a focus on security.

Most interesting, Ambire is the first DeFi wallet that doesn’t demand installing an extension or writing down a seed phrase. To get started with Ambire, it only takes a simple email registration or connecting an existing browser or hardware wallet as a signer.

Although, private keys remain with the users, and email is used as a two-factor authenticator when originating transactions. The moment an account has been created, users can easily transfer crypto into their account or purchase it with fiat money.

Ambire Wallet comes with numerous features, among these attributes are batching transactions and skipping protocol approvals to prevent unnecessary transaction fees, gas management automation. Also, Trezor and Ledger hardware wallet support, and much more are part of its features.

DeFi protocols such as Aave, Yearn, and Sushiswap are among the popular protocols incorporated on the dashboard, and wallet users can start using these protocols in just a couple of clicks. Similarly, Ambire wallet supports four major networks with plans to add more in the future. These networks are namely; Ethereum, Polygon, Avalanche, and Binance Smart Chain.

Going back, the earlier private funding round was raised by investors from private firms including Ascensive Assets, LaunchHub Ventures, Metacartel Ventures, Daedalus, Zee Prime, Spark Digital, and Danish Chaudhry, the CEO of the Bitcoin.com exchange and others.

The Ambire team confirms it will launch a liquidity mining program where early users will tactically accumulate an allocation in the upcoming WALLET token alongside the wallet’s launch. Moreover, a total of 300 million WALLET tokens will be distributed as rewards to early users who fund their Ambire Wallet accounts.

In addition, the rewards will be distributed over 4 years, starting from the wallet’s launch. Users will be able to see the rewards in their accounts and can immediately access them as soon as the token is officially launched. Key members of the communities, such as LobsterDAO, Degenscore, ADX stakers will also get extra benefits.