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This may seem like a small step, but Huobi Wallet invested a significant amount of time and capital into developing this feature.

According to Huobi Wallet, each chain or each DApp requires different operations for collecting staking rewards. In order to collect the various rewards of different Dapps across different chains in a single wallet app, a unified compatible adaptation structure for all Dapps was needed.

Only with significant R&D effort was Huobi Wallet able to build such a rewards-oriented technology architecture to support all DApp types.

During the first phase, Huobi Wallet’s new function is supporting 18 HECO projects such as MDEX, FilDA, and EarnDeFi; this list is likely to expand to more mainstream DeFi projects over the next two months.

“Our research and development team has worked diligently to obtain feedback from our customers, build out the infrastructure for HClaimer, and ultimately introduce this product to our user base,” said Liser Lee, Head of Huobi Wallet. “We hope that this small step forward can drive other industry players to develop new functions and improve their products, so that we can all provide the best user experience.”

What to expect?

In the past, wallets may not have had many application scenarios, but the development of DeFi has created more room for imagination.

The crypto wallet market is still in its early stages, but for DeFi mining, the introduction of one-click collection and real-time tracking of mining rewards has enabled Huobi Wallet to differentiate itself from its peers.

Huobi Wallet could leverage this opportunity to increase user balances and stickiness; it could even compete with other market players such as MetaMask, TokenPocket, and MathWallet.

As crypto wallets continue to become mainstream, they are not only a tool to store digital assets, but also the gateway to DeFi, NFTs, and GameFi. With the fast development of the crypto world, Huobi Wallet will not only keep up with the fast pace, but also create more leading functions for users in the future.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.