Coinbase Ventures and other investors-backed Authereum, a new Ethereum (ETH) wallet focused on improving the user experience for decentralized applications (dapps), has come out of its Beta phase, the team behind the wallet announced today.
According to Authereum’s official documentation, the new wallet solution has been designed in order to create “a seamless onboarding experience” for users of dapps, by having a wallet “that just works” without compromising on security or custodianship.
Meanwhile, in a blog post, the team said that the new wallet and dapp onboarding solution has already integrated with a number of leading decentralized finance (DeFi) protocols, including Aave (LEND), yearn.finance (YFI), and Curve (CRV), with “more coming soon.”
According to the team, the full release of Version 1 of the wallet brings its mission to “get Ethereum applications into the hands of the masses” one step closer to reality.
According to Authereum’s website, the wallet’s smart contract has been audited by blockchain security firms Cure53 and g0 Group. Further, the wallet also includes a recovery system that can use either another existing Ethereum wallet or an email address as a backup “with a 24 hour delay” for users who forget their password, the team said.
In February this year, Authereum raised USD 1.1m from 1confirmation, Coinbase Ventures, Republic Labs, Synapse Capital, and angel investors.