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DeFi Wallet Development Services
We build user-friendly, fast, balanced, and armored DeFi wallets. And we do it in a fast manner thanks to our pre-built, battle-hardened, customization-ready solution. Get the best DeFi wallet development services from the recognized industry’s top specialists at Unicsoft.
Interest in the DeFi market has exploded in the past two years and continues to grow at a rapid pace. It has now surpassed $106 billion and its growth in the last year now sits at 47%.
The main component of DeFi protocols and platforms is a DeFi wallet. In order to achieve smooth and efficient DeFi protocol operations, i.e. lending, borrowing, providing liquidity, etc., a user needs a secure DeFi Wallet. Being a DeFi wallet development company, we provide users with DeFi wallet development services to ensure that all user’s crypto assets are under public and private security measures and protected from security breaches. By partnering with Unicsoft DeFi Wallet Development services, you can become the reliable provider of a secure and protected DeFi Wallet.
The main component of DeFi protocols and platforms is a DeFi wallet. In order to achieve smooth and efficient DeFi protocol operations, i.e. lending, borrowing, providing liquidity, etc., a user needs a secure DeFi Wallet. Being a DeFi wallet development company, we provide users with DeFi wallet development services to ensure that all user’s crypto assets are under public and private security measures and protected from security breaches. By partnering with Unicsoft DeFi Wallet Development services, you can become the reliable provider of a secure and protected DeFi Wallet.
DeFi Wallet VS Traditional crypto wallets
DeFi Wallet
- User is the custodian
- User is the owner of private keys
- Integrates with all DeFi platforms
- KYC verification is not required
- Supports all protocol-based currencies
Traditional Crypto Wallet
- Product owner is the custodian
- Product owner owns the private keys
- May not integrate with many DeFi platforms
- KYC verification is required
- May not support all protocol-based currencies
DeFi Wallet
Traditional Crypto Wallet
User is the custodian
Product owner is the custodian
User is the owner of private keys
Product owner owns the private keys
Integrates with all DeFi platforms
May not integrate with many DeFi platforms
KYC verification is not required
KYC verification is required
Supports all protocol-based currencies
May not support all protocol-based currencies
Kickstart your DeFi application in a couple of weeks
We offer you our exclusive pre-built DeFi wallet development solutions that include basic features of a DeFi platform (including wallet) that will allow you to launch your own application in a matter of weeks instead of months. It is built with customizability as a tenant to achieve two key results:
01
We quickly provide you with a working application that has everything crucial for a DeFi/crypto exchange platform.
02
Our team of professionals change anything and anywhere in a flexible and agile manner, to turn our accelerator in your unique custom DeFi platform.
Our customization-ready solution boasts a rich set of features out of the box
Matching engine
Crypto exchange/ trading platform
DeFi wallet
Liquidity aggregation module
Want a personal demonstration of our DeFi accelerator and our team’s capabilities?
Talk to our expertDeveloping a DeFi wallet: the challenges
Some potential challenges you may face when developing a DeFi wallet include:
Choosing the right consensus algorithm
Blockchains components such as block sizes, consensus mechanisms, and validators provide unique properties to their respective blockchains. It is crucial to choose how the network members authenticate a transaction, for example, via proof of work, proof of stake, Byzantine fault-tolerance, etc.
Selecting the right platform
Building a DeFi platform from scratch requires months of work and high development costs. Depending on the stability needs, scale, solution, and budget, you need to choose a blockchain platform to build your DeFi wallet. The leading platform for providing decentralized finance is Ethereum since it helps to accelerate development and save costs.
Possible exploits and vulnerabilities
DeFi runs on pieces of code visible to everyone, which can lead to exploits and vulnerabilities in the code. This can lead to losing large amounts of money. To reduce the risks of exploits, it is important to employ audit firms to review code and help patch any issues found.
Security
It is vital to ensure that smart contracts are bulletproof, all content and information is backed up, the wallet is set up for two-factor authentication and multi-signature functionality, and the process of continuous security updates is set up to ensure truthfulness.
UX/UI
Managing transactions and funds should be easy and clear to the users. The improper design of a wallet can lead to failed transactions. It is crucial to ensure a straightforward UI/UX for smooth and successful transactions.
Accessibility
DeFi wallets can manage and hold crypto assets. Ethereum-specific DeFi wallets furnish users with a platform to deposit not just ETH but other Stablecoins and DeFi tokens. The non-custodial nature of these wallets allows them to be accessed from all over the world.
Why Unicsoft?
Unicsoft’s experience
Unicsoft’s experience in DeFi application development has allowed us to create a DeFi platform accelerator that has everything you need to get started.
TOP 1
in Blockchain Development and Artificial Intelligence by Clutch and Goodfirms
Listed by Gartner
in the Vendor Identification for Blockchain Service Providers Toolkit
15 years
Unicsoft has over 15 years of experience in technology consulting and creating top-notch solutions
Unicsoft DeFi wallet development services
Multi-currency support
Unicsoft DeFi wallets are backed by BTC, ETH, and ERC20 tokens with seamless integration of tokens and altcoins. Thanks to this, users have freedom when storing and managing their funds.
NFC support
A flash transaction enables interaction between Near Field Communication users. The NFC tag in DeFi allows you to quickly get wallet addresses and process transactions without delays.
QR code
A wallet address can be easily exchanged by automated scanning. This helps to eliminate human glitches and superior protection.
Automated Conversion rates
Users can track their balance in multiple currencies such as USD, GBP, AUD, etc. Users of a DeFi wallet can easily track how many funds they have in different currencies.
Deny Duplicate payments
The AI-enabled DeFi wallet detects fraudsters and rejects fake payments with risky transactions. Users can make sure that their funds are secured.
Key features of DeFi wallets we develop
01
Quick Payments
Instantly pay for consumer services in cryptocurrencies as fiat equivalent. Use the QR-Code scanner or chat payment window.
02
No third-party custodians
Users retain 100% ownership over their funds and assets and are the only ones who can access them. No third-party custodians will have authority over these funds.
03
Staking
Empower your users to stake assets and participate in trading activities across DeFi platforms.
04
Accessibility
Users are able to keep all their crypto assets in the DeFi wallet. Wallets based on Ethereum allow for depositing not only ETH but other Stablecoins and DeFi tokens as well.
05
Yield Farming
Enable users to farm their tokens in investments and earn maximum yield while addressing liquidity needs.
06
Compatibility
We integrate web3 wallets into DeFi wallets. Thanks to this, users get access to Decentralized Applications without leaving their wallets.
07
Cash-out
Users can withdraw or deposit fiat currency transferred directly to visa/master prepaid cards
08
Swapping
Users can improve the token swapping experience without the need to use a separate wallet integration service
09
In-chat Transactions
Users can quickly and easily chat with each other. The function allows users to initiate a payment request or send and receive cryptocurrencies within the chat box itself.
10
Security
Our DeFi wallets support key-based security. A user has a private key to initiate and process transactions. The key is unique for every user and is supported by a recovery phrase so that the user can access DeFi protocols. DeFi wallets provide high-level security over funds and are protected from any breaches and hacks.
DeFi wallet development follows a specific order
01. Defining the problem
Decide what particular problem you want to solve with the help of a DeFi wallet. Find out what kind of blockchain technology is best suited for your particular use case.
02. Designing the Architecture
During this step, you should choose the placement of your DeFi wallet. It can be placed in-house, in the cloud, or using a hybrid of the two. After that, it is important to select a solution in terms of access depending on your business type. This can be either a private or public blockchain, hybrid, or other.
03. Choosing the Consensus Algorithm
Decide how network members will authenticate a transaction. This can be done via proof of work, proof of stake, Byzantine fault-tolerant, etc.
04. Selecting the Platform
Choosing a blockchain platform to create a DeFi wallet should depend on your stability needs, scale, and budget.
05. Designing UI
A user will evaluate the DeFi wallet by its UI and functionality. During this step, you will need proficient front-end designers and developers to make everything as intuitive as possible.
06. Testing and Deploying
Before deployment, the wallet should pass a testing mode. At an early stage, it is also recommended to choose an MVP model for your DeFi wallet.
F.A.Q.
What is DeFi?
Decentralized finance (DeFi) is a set of specialized applications and financial services based on the blockchain (a continuous sequential chain of blocks containing information built according to certain rules). The main idea of DeFi is to create an independent and transparent financial ecosystem that is not affected by regulators and the human factor.
Is a DeFi wallet safe?
Safety is paramount when developing a DeFi wallet. Unicsoft makes DeFi wallets for users safe to use via the implementation of a distributed ledger network. You can enjoy complete control and authority over your funds with private keys.
How do custodial and non-custodial wallets differ?
With non-custodial wallets, only the users themselves own their funds and assets and can access them. No third-party custodians will be able to claim authority over these funds. This is why non-custodial wallets are more secure than custodial ones.
How does a cryptocurrency DeFi wallet work?
A DeFi wallet acts as a storage medium for assets where a sender trades for a crypto asset by signing off the ownership for a buyer. These trades can be established through the medium of the DeFi wallet.
What is the reason behind the popularity of DeFi wallets?
The most popular criteria of a DeFi wallet are its high security, transparency, instant payments, ownership, and much more.
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