Tel Aviv-based Kirobo, a company developing blockchain applications, announced on Wednesday the launch of Liquid Vault, which is an on-chain wallet and DeFi infrastructure.
The new platform is focusing on backup, inheritance and retrievable transfer solutions and is aiming to be the access point of decentralized finance (DeFi) ecosystems with its decentralized and non-custodial services, the press release shared with Finance Magnates detailed.
The company will integrate Liquid Vault with DeFi services at the beginning of 2022, allowing the users to interact with their Ethereum wallets.
“This is a game-changer for the web3 infrastructure,” said Asaf Naim, Co-Founder and Chief Executive Officer of Kirobo. “Users have long suffered from a complex, fragmented user experience and worry over losing access to their assets. The Liquid Vault solves all of these problems in a single package, and it’s going to solve many more in the future.”
“We couldn’t be prouder that we’re well on the way to our goal of making cryptocurrency management as simple and secure as online banking.”
Many Features
The new platform will support the storage of Ethereum , ERC-20 tokens, and non-fungible tokens (NFTs). With the backup service, it is addressing the issue of inaccessible cold storage when the private keys are lost.
Furthermore, it will bring an inheritance service next year, which will enable users to define several heirs and choose how much each will receive.
“Web3 users were facing a choice between security and decentralization. That's no longer the case with the Liquid Vault,” said Kirobo Co-Founder and CTO, Tal Asa. “We've produced a non-custodial, user-powered suite of solutions for crypto protection and asset growth.”
Brock Pierce, a member of Kirobo’s advisory board, said: “I've been involved in the web3 ecosystem for years and the Liquid Vault is a significant step forward in addressing some of the most acute relevant pain points that are holding Web3 back from mass adoption. I am excited to be a part of this project.”
