Most Web3 transactions are carried out by browser-based wallets but the current selection of browser-based wallets is limited, which deters certain users from accessing DeFi dApps. Today, we’re excited to announce that Streamflow is now compatible with WalletConnect, the decentralized protocol that connects crypto wallets to Web3 dApps. This integration allows us to expand, and offer our services to millions of users.
Read the latest news about crypto, and expert insights into the newest cryptocurrency and blockchain announcements by Streamflow Finance.
In Q2 2022, we became market leaders in token vesting —accumulating a Total Value Locked (TVL) of over $1 Billion. To track this data we enlisted the help of Datawisp, an intuitive data aggregation tool. Tracking accurate data from multiple sources on the blockchain has always proved to be a challenge, but with Datawisp we were able to accurately collect and compile data into a unified dashboard —featuring some small visualizations.
Transferring crypto to fiat currency has been a longstanding issue for the crypto community as a whole, but thanks to Streamflows latest integration, users can convert their cryptocurrencies to fiat currency. Users can now store funds in Streamflow and off-ramp USDC —and SOL which is converted to USDC— to their bank account (currently limited to the U.S.). This integration is initially opened to only a few participants via a closed beta.
Multi-signature Wallets help to decrease the chances of hacks and exploits. To distribute funds from a Multisig Wallet, a member creates a proposal, and other members must use their private keys/signatures to vote and approve the proposal. This method increases security by spreading the authorization process for transactions among multiple people.
The crypto market is growing rapidly, expecting to be worth $218.3 Billion by 2030. With crypto’s rapid expansion comes the need for financial tools that power teams and projects operating in Web3. Teams need to be able to set up vesting schedules for investors, establish on-chain treasuries, and set up payroll, among other tasks. The Solana blockchain’s low-cost, high speed network provides the perfect environment for doing so, and Streamflow has taken advantage of this to enable automated payments.