On Monday (June 13), one of the worst days in the history of the crypto market, Shawn Roller, Co-Founder and UX Researcher at GeroWallet, pointed out that how confident Cardano-powered projects are despite the bear market.
GeroWallet was introduced on 8 May 2021. It is “an all-in-one DeFi app designed to be a powerful instrument for experienced and new users, alike.” GeroWallet “features a built-in multi-functional toolkit that boasts inter-chain and cross-chain swapping, with liquidity lock features.” Its developers said back then that “wallet capabilities will expand with staking, swapping, and fiat on/off-ramp functions.” There is also the $GERO token, which was implemented “as a medium for all in-wallet transaction fees.”
For their minimal viable product (MVP), the team “built a browser extension that gives users direct access to the decentralized world.”
The aim is for GeroWallet to be governed as a decentralized autonomous (DAO) platform. Users who are staking $GERO should be able to “vote on proposals such as selecting new blockchain integrations and fee/reward structures.” Staking rewards users by “providing discounts on wallet services while also offering access to premium features and integrations.”
On 11 February 2022, GeroWallet announced hardware wallet support (both Ledger and Trezor).
GeroWallet’s current feature set includes the ability to (1) buy $ADA; (2) store, send, and receive $ADA and Cardano Native Tokens (CNTs); (3) use hardware wallets; (4) delegate $ADA to Cardano stake pools; (5) create up to eight wallets; (6) store, send, and display Cardano-based NFTs (CNFTs); and (7) the ability to use the Yoroi dApp Connector to allow interactions between users and Cardano dApps.
Yesterday, GeroWallet Co-Founder Shawn Roller tweeted that even though the crypto market was having a bad day, it was nice to see that Cardano-powered projects (such as ADAX, which is releasing its version 2 on the mainnet on June 16) continue building and announcing new features.