Bifrost Wallet Expands Multi-Chain Support for Bitcoin and Dogecoin in Preparation for DeFi on Songbird/Flare
London, UK – December 16, 2024 – (SeaPRwire) – Bifrost Wallet has integrated Bitcoin, Dogecoin, and Litecoin into its multi-chain wallet, paving the way for Dogecoin and Bitcoin to be used in decentralized finance (DeFi) on the Songbird and Flare networks. This update ensures Bifrost Wallet users can seamlessly prepare for the arrival of FAssets, synthetic assets that unlock DeFi opportunities for non-EVM blockchains.
These integrations simplify interactions across EVM and non-EVM chains, enabling users to mint and redeem synthetic assets like FBTC and FDOGE, all from a single wallet. By reducing friction and eliminating the need to switch platforms, Bifrost Wallet enhances the usability of blockchain-based financial applications.
Preparing for FAssets and DeFi on Songbird/Flare:
With Bitcoin, Dogecoin, and Litecoin now integrated, Bifrost Wallet users can manage these assets in preparation for FAssets – synthetic tokens backed by a robust on-chain collateral system, comprising the underlying asset, …