We're released a new wallet MVP today on Android and will be on iOS in a few days and so as an MVP it's good to get some initial feedback.
https://play.google.com/store/apps/details?id=com.atlas.mobile.walletIt's a DeFi wallet built on three pillars.
1. Educate. Get people's knowledge up to a safe level. We're building training materials and short courses to get people educated about DeFi such as the terminology, risks, investment types, different coins and services.
2. Support. Get people to complete a personal policy statement so they think through what returns they want to get, their risk appetite, understand the tax implications etc. Build a plan.
3. Provide tools. The Cent app is to be as easy to use as possible and provide the features to invest and manage investments safely. A curated list of services and coins although users can add their own through settings. Build out the features to open up DeFi to a wider audience.
But this is the first MVP so lowest fees (0.5% in the UK for example), core set of features, pen tested and ready to start collecting early feedback as we continue to work on the other features.
From our research, broader adoption of DeFi needs more than just technology. People don't understand DeFi, have trust issues with DeFi which gets caught up in negative crypto news stories and find it difficult to access a range of reputable coins and services.
So our objective is to tackle these issues. Work with regulators, educate, get people to plan their investments, curate what's available but make it broad enough to allow people to manage their investments in one place.
KYC in minutes, bank transfers in hours, debit card payments instantly so reduce the time to get going once the app is installed.
Deposit fees as low as 0.25%.
User controlled transaction fees.
Curated list of crypto but can add 300+ crypto for debit purchases.
Usability features like using an email address and account recovery.
But it's the MVP so personalised education and investment policy statements are in the process of being added. There's a channel for questions in the Catalyst Discord group. https://[Suspicious link removed]/catalyst-network
