In a press statement, EMURGO indicated the wallet would promote transactions for Cardano and Ergo users on the Ergo blockchain. EMURGO says the wallet launch is part of leveraging on the growth of the Decentralized Finance sector. The DeFi sector currently has over $50 billion in total locked value.
Developer incentives for DeFi solutions
The Yoroi Wallet Connector seeks to incentivize developers to take part in DeFi solutions on the Cardano and Ergo platforms while enabling the transfer of token types issued on the two platforms. According to Ergo Core Developer Alexander Chepurnoy: The development comes ahead of the smart contract launch on the Cardano platform. Recently, Cardano added support for user-defined native tokens and multi-assets following the Mary hard fork. According to EMURGO, the Yoroi Wallet has over 100,000 Android, iOS, and Google Chrome Extension platforms. [binance]
