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#1 Best Crypto Wallet for DeFi RIGHT NOW (Major MetaMask Killer?!) | XDEFI Wallet Explained - YouTube
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so xdefi wallet is better than metamask quite simply聽
because it's multi-chain and while metamask it's聽聽
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primarily ethereum EVM that's it with the xdefi聽
wallet it's compatible with more than ethereum聽聽
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correct so
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all right welcome back everybody to altcoin聽
daily my name is austin here with aaron聽聽
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and joined by founder emil dubay of cross chain聽
wallet xdefi which is known as the metamask killer聽聽
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emil thanks for joining thanks for having me聽
guys yeah for sure man and um i would love to聽聽
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just tee it off i think our audience has seen聽
announcements in the news you guys have a lot聽聽
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of notable backers for the xdefi wallet for somebody聽
who's never heard of it before what is xdefi wallet聽聽
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okay so simply put this is basically a cross-chain聽
wallet that allows you to interact with different聽聽
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blockchain ecosystems that allows you to聽
send receive and store any type of tokens聽聽
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respective of the native chain聽
um yeah i'll put it this way聽聽
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put it simply and why is it better than metamask聽
which has market domination at the moment yeah so聽聽
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i mean like a big fan of what metamask has聽
achieved you know i've been an early user聽聽
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and i think today in the current environment聽
we're seeing like a multi-chain space really聽聽
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emerging with you know at the end of last year聽
first with binance smart chain then with solana聽聽
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most recently like a terra and plenty of聽
of different evm based networks as well聽聽
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today you do need to have a tool that allows you聽
to interact with all of these different ecosystems聽聽
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and today if you if you look into what聽
are the alternatives to to define wallet聽聽
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it's mainly um focusing on on one single chain聽
meaning that like if you are a user that is an聽聽
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agnostic and you want to you know android at聽
its fullest all of these different ecosystem you聽聽
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basically need to have like several wallets which聽
is not ideal because it impedes a new ability to聽聽
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uh you know jump from an ecosystem to another in a聽
timely manner but also have to deal with different聽聽
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you know seed phrases and and and and etc so that聽
that's really what i think uh xdefi wallet is uh聽聽
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interesting for because it allows you to be fast聽
in moving from an ecosystem to another and also uh聽聽
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have everything in one place which you know in聽
the context of a multi-chain space uh uh makes聽聽
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sense so xdefi wallet is better than metamask quite聽
simply because it's multi-chain and while metamask聽聽
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is primarily ethereum evm that's it with the xdefi聽
wallet it's compatible with more than ethereum聽聽
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correct so i think i'm never trying to compare聽
ourselves too much to other wallets and聽聽
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and including metamask i think metamask is doing聽
a lot of things well i think we're doing other聽聽
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things that are that are that are um uh great聽
right um so the way i will put it is that today聽聽
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metamask is great for the evm uh ecosystem in聽
general um and uh xdefi wallet is basically giving聽聽
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you the ability to also interact with聽
other ecosystems covered by metamask and i don't聽聽
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think will ever be covered by them uh including聽
for instance store chain uh terra um uh you know聽聽
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utxos like bitcoin like bitcoin cash and much more to聽
come like solana for instance uh uh and so on okay聽聽
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because right now you can't uh correct me if i'm聽
wrong you can't have bitcoin on a metamask wallet聽聽
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right you wouldn't be able to i mean you probably聽
would have like a wrapped bitcoin but not native聽聽
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assets uh which is if if you are if you are a聽
bitcoin person is uh what matters to you totally聽聽
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so just so i'm clear what blockchains are you聽
guys integrated in right now and what's the聽聽
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future hold so today we have ethereum bitcoin聽
binance chain binance smart chain polygon聽聽
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uh thorchain uh litecoin bitcoin cash am i missing聽
something terra is basically going to be released聽聽
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really soon as in uh you know in a few days聽
uh stay tuned uh and uh and then avalanche is聽聽
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going to be there soon it's already integrated聽
we're testing it right now working a little bit聽聽
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on a few stuff around that and聽
then it's going to be released聽聽
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then we're looking into phantom and orbitrum and聽
most likely going to be solana end of q4 awesome聽聽
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and was there a was there a certain what like聽
inspired you to create this was there a certain聽聽
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moment a certain lack of functionality like i see聽
what it does but why was this important to you聽聽
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so all right so i think you know it's first as a聽
user and it comes down to me being like an earlier聽聽
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you know community member of the torch and聽
ecosystem back in like at the end of 2019聽聽
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at the time so my background is more like you know聽
financial markets and like i was already investing聽聽
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in space and i kind of changed my uh uh investment聽
thesis in 2019 kind of like anticipating that uh聽聽
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the entire ecosystem would become like wikichain聽
i used to be like a really atm focused person聽聽
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and i think at the time this is when i started聽
looking into like uh projects that would like um聽聽
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try to work and and then improve the interrupt聽
interoperability between different chains and i聽聽
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think this is when i discovered the door chain uh聽
earlier in uh uh 2020 started discussing with the聽聽
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cultimate torture and trying to understand how i聽
can you know involve myself outside of you know聽聽
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running a node or doing stuff like that creating聽
our witches arbitrage bots and see how you know聽聽
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really we could support like the growth of of the聽
center ecosystem that was like a uh uh emerging聽聽
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little by little so after a few discussions we聽
realized that like uh what was really required聽聽
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for this ecosystem to work out and also for users聽
to you know interact seamlessly uh with all the ui聽聽
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interfaces that are powered by torching uh uh聽
well basically the tool that was required the聽聽
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infrastructure tool that was required was like聽
a cross-chain wallet extension um so you know聽聽
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we looked a little bit into like the the the the聽
wallet extension market um really different on the聽聽
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mobile wallet market which is absolutely saturated聽
uh uh and we realized that like only metamask was聽聽
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out there and obviously as we just said metamask聽
was only focusing on um on on evm based networks聽聽
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uh uh therefore uh we needed to come up with聽
something so at first we we started like really聽聽
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like uh with the mentality of like helping聽
the torturing community helping the torsion聽聽
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ecosystem to grow uh and allowing like a a an easy聽
interaction with all the the the ui inflation that聽聽
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would be built on on on project that's how we聽
talked about it xd5 ape xd5 wallet eight mode聽聽
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can you explain that all right so i didn't mention聽
that so basically we've worked with block native聽聽
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on that um to make sure that uh the eip1559 was聽
hopefully better implemented than in other wallets聽聽
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because it's not a concept that is super聽
easy to understand and at the same time i聽聽
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think today what really matters for people uh聽
is to actually like uh be able to ate fast uh聽聽
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uh uh and that's why we use the term eight mode聽
especially if it's like mint with nfts or if it's聽聽
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like a tool that you want to to to jump in quickly聽
like you know your ability to to uh to be included聽聽
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in the next block uh is actually what defines聽
whether you're going to see the opportunity聽聽
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or another so that's why we came uh we came up聽
with the eight mode leverage like the technology聽聽
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provided by block native to make sure that聽
like users are able to be included at 99.9 uh聽聽
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uh uh um uh into the the next block so that that's聽
how we we came up with uh this uh this new feature聽聽
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cool cool so eight mode does it cost more聽
and then you get priority in the block聽聽
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yeah well it does cost a little bit more obviously聽
but it does give you priority in the block and it聽聽
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does make sure that you're included in the next聽
block again not 100 but really close enough聽聽
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but that's really important for like the nft聽
space i feel um xd5 wallet built for nfts聽聽
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is that correct could you explain that yeah so聽
obviously we call xd5 right so i wouldn't say like聽聽
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it's block only it's built only for nfgs uh um but聽
it's definitely built to cut off for both defined聽聽
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and energy users uh we are all in the team like聽
massive fan of nft that thing who isn't at this聽聽
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stage and that's awesome actually that so many聽
people are you know able to jump into web3 because聽聽
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they they they go via the nft route um so we are聽
indeed a wallet that is focusing heavily obviously聽聽
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on defy users but on dnf space as well why because聽
i do feel that today i mean actually tomorrow and聽聽
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possible today uh the the the next instagram聽
pinterest of the nft uh environments are gonna聽聽
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be wallets right people that don't want to be聽
managing the nfc is displaying the nft showing of聽聽
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the nfcs on third party interfaces that they have聽
to first connect with the wallets i mean the ux is聽聽
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not great when when when it comes down to that so聽
really like the ambition for x5 wallet is not only聽聽
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to allow you to display your energies uh but聽
also to manage them uh in in in the easiest聽聽
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fashion possible um so um there are a lot聽
of things that we're doing around that聽聽
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uh it's not gonna be only possible to send聽
entities from a wallet to another to send聽聽
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you know for instance a link to a friend to a聽
family member or anyone else to show off your聽聽
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your nft collection it's also going to be聽
possible for you to sell in one click uh nfts聽聽
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we we're looking into integrating in f20 right聽
now uh uh within the wallet directly but also聽聽
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deposit to nft as a collateral uh and potentially聽
like buy nfts uh with friends uh etc so a lot of聽聽
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different things we can do at the nft level um and聽
uh and we're passionate about it so hopefully like聽聽
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people are gonna like it and you know we we we've聽
been discussing a lot with our community recently聽聽
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around the nft theme and there are a lot of聽
of of ids brewing right now in the background聽聽
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i think that's huge personally because nft space聽
is obviously blowing up and the fact that i can't聽聽
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see an nft like in the most popular wallets now聽
like if i buy it i got to go to a different site聽聽
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you know that's uh that's what you want聽
you want to see it you want to show it聽聽
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off you want to experience it so i think聽
that'll be huge um is there a personal聽聽
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nft that you own that you're pretty proud聽
of yeah uh i mean there are several like uh聽聽
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i've sold too early like uh the blue chips聽
actually if i'm being perfectly honest with聽聽
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you uh this being said um right now uh the uh the聽
the main nfc project that i'm uh that i'm uh um聽聽
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uh basically like supporting is the the girl cat聽
gang i don't know if you heard about it but i聽聽
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think it's uh it's uh it's uh it's it's pretty聽
good say it again good gang good at cat yeah
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it's pretty cool like if you if you like i think聽
it's the next eight but you know like it's uh yeah聽聽
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it's interesting definitely to uh to look into聽
this product i really like it we'll have to ape聽聽
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into that one for sure um let's talk about the xd5聽
wallet token what is the use case for the token聽聽
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just some things i've listed here staking claim聽
free rebates participate in governance systems聽聽
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earn by learning but you know please yes so okay聽
i'll be really honest with you guys like i can't聽聽
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really like uh comment on on that publicly uh聽
so i really encourage you to look at what's what聽聽
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has been published via twitter and and other uh uh聽
medias uh uh around that but yeah i can't really聽聽
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for regulatory reasons i'm assuming聽
because you're behind the project聽聽
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okay we'll check the website yeah i've listed聽
staking in governance but honestly i get the聽聽
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website would have more um generally speaking聽
about xd5 what do you wish more people understood
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i mean okay so let's put it this way i do聽
believe that like uh you know blockchain聽聽
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blockchain is still that's really a early and and聽
nascent stage today most of the people that are聽聽
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gonna have like um you know like an interaction聽
with uh with with cryptos are going to be like聽聽
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via binance kraken coinbase or or whatever uh but聽
if they really want to you know like to unleash聽聽
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the full potential of web tree they're going to聽
have to move from a centralized action through聽聽
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decentralized wallet one and this is really for聽
me at this stage that people are gonna jump into聽聽
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a territory that is like more complicated聽
to understand and that requires them聽聽
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to have like some tools available to them to聽
understand like how best they can you know聽聽
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organize their opsec and also interact with all聽
the dabs that are offered to them out there um聽聽
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as a wallet we are as a decentralized聽
wallet right we are like the first people聽聽
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to onboard these new users these new聽
joiners that have actually no clue what聽聽
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what they're going to do or maybe they have聽
like a little bit like of an understanding聽聽
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of what they're going to do but it's quite limited聽
and we can basically uh um uh uh help them at the聽聽
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very beginning of the learning curve about web3 to聽
try to to onboard them into this new environment聽聽
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not just like into xd5 but like into the entire聽
web tree environment so uh we do believe that we聽聽
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have a responsibility to help them understanding聽
and grasping like a concept around defined聽聽
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energies and and this is exactly what we're going聽
to do we have different uh initiatives that are聽聽
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going to be created a play to learn mechanism聽
which is how we call it and whereby people are聽聽
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going to be able to complete milestones uh uh聽
uh of using the wallet and other uh interfaces聽聽
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uh uh in connection with the with wallet um and uh聽
and hopefully that's gonna be successful i cannot聽聽
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say too much about it i kind of want to say more聽
about it but i cannot say too much about it yet聽聽
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uh but that that's basically going to be like聽
a a heavy focus of of the team and hopefully we聽聽
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will help to uh you know cut off a wider adoption聽
of the the duet in role for sure for sure聽聽
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and um xd5 wallet is backed by some very notable聽
backers alameda research animoka brands coin gecko聽聽
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just to name a few that was impressive to聽
me but i guess as we're wrapping up this聽聽
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interview um i feel like we learned a lot about聽
xd5 wallet um it does seem like you know it's聽聽
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going to be pretty popular in the future i guess聽
final thoughts for the altcoin daily audience
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oh for me you mean yeah if you have any final聽
thoughts i actually you know i'm saying if you聽聽
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have something to say on the backers though i聽
mean like look the the way we are the way we are聽聽
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uh uh uh thinking about like a building xd5 well聽
it is really simple like trying to build it like聽聽
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for uh the end user so if you have any feedback聽
or anything like please we encourage you to try聽聽
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the wallet uh if there is anything that you would聽
like to see in this wallet any features that you聽聽
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don't have in your current wallet and that you聽
would like us to work on please feel free to join聽聽
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us on our on our discord uh share these features聽
with us uh and uh you know we will try our best to聽聽
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implement them we cannot implement everything聽
but if we don't we'll explain why if uh if uh聽聽
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if we like the the feature that you're working on聽
that you've thought about uh we'll try our best to聽聽
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implement it so please try the web guys and um and聽
let us know how uh how you felt about it awesome聽聽
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emil thank you so much for taking the time one聽
of the big reasons i found xd5 wallet interesting聽聽
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because it is addressing real needs for d5 nfts聽
etc so i appreciate you taking the time the links聽聽
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for all the stuff you mentioned are down below聽
and uh thanks again man thanks for having me guys
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