The DeFi ecosystem is expanding massively because of the inventions of dApps with advanced features. The creation and use of different dApps call for DeFi aggregation services, which increase user convenience. Frontier is an example of an aggregator that supports DeFi on ethereum, Binance, Kava, and Harmony chains, among others.
What is Frontier?
Apart from supporting multiple chains, Frontier has integrated many wallets, which include Metamask, Coinbase, and Formatic. This integration means that Frontier users do not need to transfer their cryptocurrencies or tokens to Frontier to participate in the DeFi ecosystem.
Using the Frontier application allows users to participate in various crypto activities while on one platform. For example, users can provide liquidity, trade, stake, and swap assets. It is effortless to execute these tasks when using the Frontier mobile application.
Because of the increase in blockchain systems and applications, there is a fragmentation problem. Users need to access different wallets and manage multiple addresses and private keys to perform various transactions or preserve their digital assets. Usually, this is when users want to lend, borrow, stake, swap assets, or provide liquidity; they may have to use different applications and blockchain networks.
Such a process creates a painful user experience. This is very demanding and stressful for beginners, as they have to navigate complicated applications and platforms. Therefore, Frontier solves this problem by providing an easy-to-use interface, emanating from an integration of various protocols.
By using the Frontier protocol, users are able to access and track different wallets and open positions without giving away their private keys. They can only access the wallets by using their public keys or mobile applications. The TxLink technology enhances this as it creates a relationship between Frontier application and other wallets.
Frontier creates simplicity and convenience for users. For instance, get notifications of their transactions in an organized and predictable way. The Smarter DeFi notifications alert users of CPD liquidation, incoming and outgoing transactions as well as changes in their balances.
The native token, $Front offers many benefits to users. As an example, users are able to stake the token to increase network security. By staking the tokens, they run validator nodes, which improves security.
- The $Front token help to decrease the cost of gas. Users who lock the $Front token in the frontier vault get free or near-free transactions.
- Besides, users get a reward in the form of free $Fronts for using the platform. The amount of $fronts they receive depends on the level of activities they perform in Frontier’s native mobile application.
- As Frontier will use a referral system to find more membership, It pays the recruiters using $Front.
- By using Frontier’s mobile interface, users can also stake tokens such as ORO and generate USDC.
Additional uses of the $Frontier Token
Apart from the role of providing incentivization, the $Front token has other functions. One function is to provide liquidity to different decentralized protocols. This is because the platform gives the $Front token as an incentive to Liquidity providers.
The $Front is the platform’s governance token. All holders of this token participate in the governance of the platform through voting.
Moreover, Frontier shall use $Front as a means of payment to content creators and blockchain companies that issue non-fungible tokens.
Frontier’s is a wallet aggregator that enables users to access different wallets using a single platform or application. It integrates many wallets, including Argent, Tokenpocket, and ledger. Frontier will increase the number of wallets since it has no limit on the wallets it supports.