Crypto.com DeFi Wallet
The DeFi Wallet puts you in control of your money, data, and security. You hold your own private keys to your assets.
DeFi Wallet is separate from the Crypto.com App Wallet, but you can connect them.
- tap “Connect to Crypto.com App” on the Welcome page of the DeFi Wallet.
- Then, accept the terms and enter the email associated with your App account.
- Next, check your inbox for the authorisation email and tap “Connect.”
- Finally, enter your passcode and tap “Authorise.”
Connecting your App account and DeFi Wallet allows more seamless, safe, and fast transfers of assets.
- Bridge tokens
- You can bridge tokens across different blockchains with the Cronos Bridge using your DeFi Wallet. The bridge currently supports CRO transfers between the Crypto.org Chain and Cronos, and ATOM transfers between Cosmos and Cronos.
- Lending: lend out your crypto via a lending platform, and receive token rewards in return. E.g. ‘Tectonic’ DApp
- Provide liquidity: you can provide liquidity to a decentralised exchange (DEX), such as VVS Finance on Cronos, and receive incentives in return. Go to the ‘Earn’ tab in the DeFi Wallet, tap ‘Earn More’, and select ‘VVS Finance’.
- Staking crypto: go to the ‘Earn’ tab in the DeFi Wallet, and choose token to stake.
- Yield optimizers: yield optimisers such as Beefy Finance auto-compound your crypto at the most optimal rate to maximise rewards
- Multi-chain management
- The DeFi Wallet supports more than 700 crypto assets on a variety of networks, including Ethereum, Cronos, Crypto.org Chain, Binance Smart Chain, Polygon, Bitcoin, and Bitcoin Cash.
- Store NFTs
One can stake the CRO token via the Crypto.com DeFi Wallet.
- no minimum stake requirement for CRO
- The DeFi Wallet App supports the option to choose among whitelisted validators for staking and redelegation (change delegation from existing validator to another validator)
Unstaking CRO (28-day unbonding period)
- Unstaking CRO need to undergo a 28-day unbonding period as enforced by the Crypto.org Chain. This is to protect against a Validator attacking the Crypto.org Chain and then immediately withdrawing the stake amount.
- During this unbonding period, any unbonding balance will not accrue any block rewards, which should be taken into consideration when comparing against the returns of staking via Crypto.com App or Exchange.