dWallet Network integrates Native Multi-Chain DeFi with Monad

dWallet Network, the infrastructure for programmable native Bitcoin, announced the addition of support for the EVM-compatible Layer 1 blockchain, Monad

The latest integration unveiled on April 30 aims to solidify Monad’s position as a leading ecosystem for EVM builders, using dWallet technology to introduce native multi-chain capabilities.

Multi-chain DeFi integration

According to the official press release shared with CryptoPotato, within the Monad ecosystem, dWallet Network plans to allow developers to leverage decentralized building blocks to build DeFi applications across multiple chains without collusion and with high decentralization.

This integration is expected to position Monad as a prominent EVM site for using dWallet technology and provide developers with efficiency and scalability to innovate in DeFi.

Commenting on the initiative, Keone Hon, co-founder and CEO of Monad Labs, said:

“This support from dWallet Network is a testament to our dedication to providing the best possible platform for EVM developers. Our unmatched speed and performance, combined with dWallet’s innovative multi-chain capabilities, not only solidifies Monad’s position as a leading blockchain for DeFi development, but also significantly improve the tools available to our developers. We are setting a new standard for what developers can achieve in the DeFi space.”

Interconnected DeFi landscape

The dWallet network uses 2PC-MPC to implement the dWallet feature. Invented by his team, this multi-party protocol allows the creation of an ECDSA signature in a “non-collusive” way. This essentially involves not only the end user, but also a significant number of nodes, which could be hundreds or thousands.

dWallet said the integration represents a crucial step forward in achieving a fully interoperable and decentralized financial ecosystem, while emphasizing that developers in the Monad ecosystem will find it simple to integrate dWallet’s native multi-chain capabilities into their applications. Overall, this move is expected to provide users with a seamless experience across different blockchain platforms without compromising security or user control.

Meanwhile, Omer Sadika, co-founder of dWallet Network, highlighted the importance of this integration, adding that the ultimate goal of the partnership is to facilitate an “interconnected” DeFi landscape.

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