MetaMask is amazing. Finally we have a beautiful iOS native way to access glorious DeFi systems. Now I can yeild farm with yearn-dot-finance and earn massive APY (100-500%) simply by staking my ETH 🥰
This is MetaMask we have all been waiting for in the crypto community. Even if you are no... Show more t into yeild farming / liquidity mining, MetaMask has an absolutely beautiful interface to use as a ether wallet (or any ERC-20 token for that matter... it supports them ALL) and is the best tool to access any web3 / DeFi system, period. The wallet creation process is very streamlined and informative so new users know the implications of *being responsible for keeping a paper backup (no screenshots people... your photo gallery is not secure) of your recovery phrase*. In crypto, if you don’t own the keys, you don’t own the crypto. So if all of yours assets are on some centralized exchange, say, Binance, then they own it, they control the keys, not you. So if Binance gets hacked, determines that you have violated their terms of use, an executive exit-scams, or their US branch gets shut down by the SEC or FED, your funds are gone.
DeFi solves this entirely; if you can trust yourself to just keep several paper backups of your twelve word recovery phase in safe places, you can free yourself and your assets from the corrupt global centralized finance conglomerates. As a software architect myself, unaffiliated with this app, I give hats off and a huge round of applause to the developers.
And Apple, thank you so much for allowing this, and if you ever ban it, I will boycott you! The world is in dire need, now more than ever, of a new financial system to free them from corrupt, profiteering central banks who print money arbitrarily any time they face a problem. Decentralized Finance is that solution, and inhibiting it’s inevitable success would be a literal crime against humanity.
Do yourself a favor and convert your USD to BTC and ETH, even if you don’t use this app. The run away inflation is coming with the BRR of the money printers, and keeping your money in the bank will lead to massive losses, whereas crypto is entering a bull market that will likely see global shifts away from centralized bloodsucking finance systems and in to Decentralized, Open Source, community-governed systems that compete freely to benefit the user, not the corporations.