Today, we have launched support for Algorand, a sustainable blockchain infrastructure that aims to fuse DeFi with TradFi.
Now, our users have access to dApps on Algorand through WalletConnect on the Fireblocks platform – including Pact, AlgoFi, Folks Finance, Tinyman – in a secure and efficient way.
We’re excited to be making DeFi on Algorand available on Fireblocks. Thousands of businesses use and trust Fireblocks’ battle-tested security for their digital asset operations, which makes them an ideal partner for us. Organizations using Fireblocks can access DeFi services on Algorand today, and we look forward to expanding activity, increasing volume, and overall contributing to growing the Algorand Ecosystem. Welcome to the Algorand community.Daniel Oon Head of DeFi
Fireblocks’ Web3 Engine continues to be the only platform to provide enterprise-grade access to both EVM and non-EVM chains.
Secure access to Algorand DeFi is now live on Fireblocks
Effective immediately, Fireblocks users can now:
- Access all dApps built on Algorand through Fireblocks’ WalletConnect integration
- Connect to top Algorand-based staking and swapping apps
- Set custom limits by contract, amount, user and more with robust DeFi policy controls
- Build DeFi products that deliver the highest yields to customers
The Algorand blockchain — designed by the MIT professor and Turing Award winning cryptographer Silvio Micali — aims to deliver on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, with near-zero transaction costs, on a 24/7 basis. Its carbon-neutral platform and pure proof-of-stake consensus mechanism solves for the “blockchain trilemma” by achieving both security and scalability on a decentralized protocol.
The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralized governance, and healthy and prosperous open-source ecosystem. For more information, visit https://algorand.foundation.
Want to access DeFi on Algorand? Request access now.