Legend DeFi Wallet Secures $15M
Decentralized finance (DeFi) platform Legend announced it has successfully completed a $15 million funding round. Leading investors Andreessen Horowitz (a16z) and Coinbase Ventures participated, signaling strong confidence in Legend's vision to simplify and broaden access to DeFi.
Legend's All-in-One DeFi Wallet
Founded by former Compound executives, Legend is building a self-custody, mobile-first DeFi platform. It integrates various DeFi protocols into a single, intuitive interface. Key features include:
- Self-custody security: Utilizes Turnkey's secure wallet infrastructure, eliminating the need for seed phrases and simplifying asset management.
- Unified interface: View all digital assets and protocol balances in one place.
- Cross-chain functionality: Enables seamless asset transfers using the Across Protocol.
- Comprehensive DeFi access: Trade, borrow, and earn on your digital assets within the app.
- One-click access: Easily access lending, staking, and swapping services directly through the wallet.
- Decentralized exchange (DEX) integration: Supports popular DEXs like Uniswap and 0x.
Legend aims to onboard the next 100 million users to the blockchain by providing a superior user experience (UX) compared to existing solutions like Coinbase and Metamask, which can be complex and present security risks.
Built by Compound Veterans
The Legend team comprises former Compound executives, including former CEO Jayson Hobby, who brings five years of experience building user-friendly DeFi lending and borrowing solutions. The team's expertise in product design and development is crucial to Legend's mission of making DeFi accessible to everyone.
Legend plans to utilize the funding to accelerate its app launch (currently in test phase), expand its team, and implement comprehensive marketing strategies.
Codeum Note: Codeum provides comprehensive blockchain security services, including smart contract audits, KYC verification, and custom DApp development. We help projects like Legend build secure and reliable DeFi applications. Contact us to learn how we can support your next project.
Disclaimer: This content reflects the author's opinion and is subject to market conditions. Conduct thorough research before investing in cryptocurrencies. The author and Codeum are not responsible for personal financial losses.