Unstoppable NFT tweeted that people can use their Unstoppable domain to monitor wallet balances on one of DeFi’s leading platforms, Aave.
To utilize this new feature, you need to first open the Aave application and then click on “Link Wallet.” Next, enter any Unstoppable domain address in the “read-only mode” bar to view the wallet balances associated with the founder’s address.
The @AaveAave community has spoken! 🙌
You can now use your Unstoppable domain to track wallet balances on one of the leading DeFi platforms. 🚀
Learn more: https://t.co/u8C7aO90nm
How it works 👇 [1/2] pic.twitter.com/oSnor9AnYw
— unstoppable.bitget (@unstoppableweb) February 23, 2023
Aave is a decentralized lending system that allows individuals to lend or borrow virtual currency without having to go through a central intermediary.
Customers deposit digital content into “liquidity pools,” which are then converted into funding that the protocol can lend out. It started on the Ethereum network and has since continued to expand to other blockchains such as Avalanche, Fantom and others.
NFTs are unstoppable domains that are decentralized. Unstoppable domains differ from conventional domain names (such as.com) in that they are held in the owners’ wallets as virtual currency, and no third party can alter or delete them.
We’re excited to announce that Aave – one of the world’s leading DeFi protocols that allow users to earn interest, borrow crypto assets, and create decentralized applications (dApps) – has added support for Unstoppable Domains so you can search for Web3 domain names like 0xjimbob.nft instead of entering a long and complicated wallet address.
Now, you can easily check an Aave wallet without having to connect your wallet. Simply type in your Web3 domain and search for it on 5 networks and 11 markets.
The Aave community has spoken
The integration is the result of the Aave community, which governs the leading DeFi protocol, passing a DAO vote to support searches for any Unstoppable domain in read-only mode.
With read-only mode, you’ll be able to search and view addresses in Aave, but you won’t be able to perform transactions. Together, we are helping to simplify access to DeFi and cryptocurrency by making lengthy wallet addresses a thing of the past.
https://www.youtube.com/watch?v=Bp9v6jYbUt4
To get started, simply launch the Aave app and connect your wallet by searching for any Unstoppable domain. This way, you can say goodbye to entering long and cumbersome wallet addresses, so you can more easily search using the 3.2 million domains coined with Unstoppable.
Reduce friction with Unstoppable
In addition to replacing lengthy cryptocurrency wallet addresses, Unstoppable’s Web3 domains can be used to send and receive cryptocurrencies, log into 750 apps, games, and metaverses, and create decentralized websites.
Sandy Carter, the Senior Vice President and Channel Head of Unstoppable Domains, expressed pride in making digital identity a part of the Aave experience. She also stated that by integrating Unstoppable Domains, Aave is helping to simplify the process of onboarding new users to DeFi and reduce friction. Sandy Carter added that they are thrilled to be a part of this mission.
If you don’t have an Unstoppable domain yet, go to UnstoppableDomains.com to find your Web3 identity and get started with Aave.
Disclaimer: Some of the links on this page may be affiliate links, so I earn a commission if you make a purchase through my link. This helps me continue to create the free content I publish.
Follow us on our social networks and keep up with everything that happens in the Metaverse!
Twitter Linkedin Facebook Telegram Instagram Google News