SafePal Unveils Significant new Feature Allowing Crypto Holders to Capture Greater Yield Opportunities

The cryptocurrency wallet is continuing to make good on the promises set forth in its initial roadmap with another instrumental feature introduced.

By
Anirudh Tiwari
on
October 22, 2021
Category:
BSC News

SafePal Earn Simplifies DeFi

The cryptocurrency wallet company, SafePal, has announced that the ‘SafePal Earn’ feature is now live through its smartphone application, via an official press release obtained exclusively by BSC News. 

SafePal Earn is a decentralized finance (DeFi) feature that utilizes the SafePal ecosystem by enabling holders of crypto tokens to earn and generate high yields. The feature allows cryptocurrency holders to swap their tokens from one network to another and also stake them through a user-friendly interface, instead of exploring these complex DeFi waters with limited knowledge.

“Existing DeFi solutions haven’t been exactly user-friendly and as with all innovative technology, security is at the forefront of participants’ minds." The team explained through a press release, "Ultimately the SafePal Earn feature was created to simplify, secure and onboard users into the world of DeFi through staking either stable coins or crypto and earn more yield.” according to the exclusive press release from a SafePal representative.
Source: SafePal Press Release

The Earn feature has been extensively tested and the associated smart contracts are fully audited by Certik, a leading smart contract auditor. With the integration of this feature, users will be able to continue to gain access to the DeFi yielding ecosystem through the application in case of centralized decisions leading to the forced closure of the SafePal DApp store. Convenient DeFi features as such will help facilitate and increase the adoption of DeFi in the near future. 


About SafePal

SafePal is a cryptocurrency wallet founded in 2018. It aims to provide a secure and user-friendly cryptocurrency management platform for the average user. It is the first hardware wallet back by Binance and is now catering to over 3 million users globally. The company provides both a hardware wallet and software wallet, both of which can be paired and managed through the SafePal application available through the Apple App Store and the Google Play Store.

Find about more SafePal here:

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums. His largest holdings in crypto are Ethereum, Cardano, and Polkadot.

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