so xdefi wallet is better than metamask quite simply because it's multi-chain and while metamask it's
primarily ethereum EVM that's it with the xdefi wallet it's compatible with more than ethereum
correct so
all right welcome back everybody to altcoin daily my name is austin here with aaron
and joined by founder emil dubay of cross chain wallet xdefi which is known as the metamask killer
emil thanks for joining thanks for having me guys yeah for sure man and um i would love to
just tee it off i think our audience has seen announcements in the news you guys have a lot
of notable backers for the xdefi wallet for somebody who's never heard of it before what is xdefi wallet
okay so simply put this is basically a cross-chain wallet that allows you to interact with different
blockchain ecosystems that allows you to send receive and store any type of tokens
respective of the native chain um yeah i'll put it this way
put it simply and why is it better than metamask which has market domination at the moment yeah so
i mean like a big fan of what metamask has achieved you know i've been an early user
and i think today in the current environment we're seeing like a multi-chain space really
emerging with you know at the end of last year first with binance smart chain then with solana
most recently like a terra and plenty of of different evm based networks as well
today you do need to have a tool that allows you to interact with all of these different ecosystems
and today if you if you look into what are the alternatives to to define wallet
it's mainly um focusing on on one single chain meaning that like if you are a user that is an
agnostic and you want to you know android at its fullest all of these different ecosystem you
basically need to have like several wallets which is not ideal because it impedes a new ability to
uh you know jump from an ecosystem to another in a timely manner but also have to deal with different
you know seed phrases and and and and etc so that that's really what i think uh xdefi wallet is uh
interesting for because it allows you to be fast in moving from an ecosystem to another and also uh
have everything in one place which you know in the context of a multi-chain space uh uh makes
sense so xdefi wallet is better than metamask quite simply because it's multi-chain and while metamask
is primarily ethereum evm that's it with the xdefi wallet it's compatible with more than ethereum
correct so i think i'm never trying to compare ourselves too much to other wallets and
and including metamask i think metamask is doing a lot of things well i think we're doing other
things that are that are that are um uh great right um so the way i will put it is that today
metamask is great for the evm uh ecosystem in general um and uh xdefi wallet is basically giving
you the ability to also interact with other ecosystems covered by metamask and i don't
think will ever be covered by them uh including for instance store chain uh terra um uh you know
utxos like bitcoin like bitcoin cash and much more to come like solana for instance uh uh and so on okay
because right now you can't uh correct me if i'm wrong you can't have bitcoin on a metamask wallet
right you wouldn't be able to i mean you probably would have like a wrapped bitcoin but not native
assets uh which is if if you are if you are a bitcoin person is uh what matters to you totally
so just so i'm clear what blockchains are you guys integrated in right now and what's the
future hold so today we have ethereum bitcoin binance chain binance smart chain polygon
uh thorchain uh litecoin bitcoin cash am i missing something terra is basically going to be released
really soon as in uh you know in a few days uh stay tuned uh and uh and then avalanche is
going to be there soon it's already integrated we're testing it right now working a little bit
on a few stuff around that and then it's going to be released
then we're looking into phantom and orbitrum and most likely going to be solana end of q4 awesome
and was there a was there a certain what like inspired you to create this was there a certain
moment a certain lack of functionality like i see what it does but why was this important to you
so all right so i think you know it's first as a user and it comes down to me being like an earlier
you know community member of the torch and ecosystem back in like at the end of 2019
at the time so my background is more like you know financial markets and like i was already investing
in space and i kind of changed my uh uh investment thesis in 2019 kind of like anticipating that uh
the entire ecosystem would become like wikichain i used to be like a really atm focused person
and i think at the time this is when i started looking into like uh projects that would like um
try to work and and then improve the interrupt interoperability between different chains and i
think this is when i discovered the door chain uh earlier in uh uh 2020 started discussing with the
cultimate torture and trying to understand how i can you know involve myself outside of you know
running a node or doing stuff like that creating our witches arbitrage bots and see how you know
really we could support like the growth of of the center ecosystem that was like a uh uh emerging
little by little so after a few discussions we realized that like uh what was really required
for this ecosystem to work out and also for users to you know interact seamlessly uh with all the ui
interfaces that are powered by torching uh uh well basically the tool that was required the
infrastructure tool that was required was like a cross-chain wallet extension um so you know
we looked a little bit into like the the the the wallet extension market um really different on the
mobile wallet market which is absolutely saturated uh uh and we realized that like only metamask was
out there and obviously as we just said metamask was only focusing on um on on evm based networks
uh uh therefore uh we needed to come up with something so at first we we started like really
like uh with the mentality of like helping the torturing community helping the torsion
ecosystem to grow uh and allowing like a a an easy interaction with all the the the ui inflation that
would be built on on on project that's how we talked about it xd5 ape xd5 wallet eight mode
can you explain that all right so i didn't mention that so basically we've worked with block native
on that um to make sure that uh the eip1559 was hopefully better implemented than in other wallets
because it's not a concept that is super easy to understand and at the same time i
think today what really matters for people uh is to actually like uh be able to ate fast uh
uh uh and that's why we use the term eight mode especially if it's like mint with nfts or if it's
like a tool that you want to to to jump in quickly like you know your ability to to uh to be included
in the next block uh is actually what defines whether you're going to see the opportunity
or another so that's why we came uh we came up with the eight mode leverage like the technology
provided by block native to make sure that like users are able to be included at 99.9 uh
uh uh um uh into the the next block so that that's how we we came up with uh this uh this new feature
cool cool so eight mode does it cost more and then you get priority in the block
yeah well it does cost a little bit more obviously but it does give you priority in the block and it
does make sure that you're included in the next block again not 100 but really close enough
but that's really important for like the nft space i feel um xd5 wallet built for nfts
is that correct could you explain that yeah so obviously we call xd5 right so i wouldn't say like
it's block only it's built only for nfgs uh um but it's definitely built to cut off for both defined
and energy users uh we are all in the team like massive fan of nft that thing who isn't at this
stage and that's awesome actually that so many people are you know able to jump into web3 because
they they they go via the nft route um so we are indeed a wallet that is focusing heavily obviously
on defy users but on dnf space as well why because i do feel that today i mean actually tomorrow and
possible today uh the the the next instagram pinterest of the nft uh environments are gonna
be wallets right people that don't want to be managing the nfc is displaying the nft showing of
the nfcs on third party interfaces that they have to first connect with the wallets i mean the ux is
not great when when when it comes down to that so really like the ambition for x5 wallet is not only
to allow you to display your energies uh but also to manage them uh in in in the easiest
fashion possible um so um there are a lot of things that we're doing around that
uh it's not gonna be only possible to send entities from a wallet to another to send
you know for instance a link to a friend to a family member or anyone else to show off your
your nft collection it's also going to be possible for you to sell in one click uh nfts
we we're looking into integrating in f20 right now uh uh within the wallet directly but also
deposit to nft as a collateral uh and potentially like buy nfts uh with friends uh etc so a lot of
different things we can do at the nft level um and uh and we're passionate about it so hopefully like
people are gonna like it and you know we we we've been discussing a lot with our community recently
around the nft theme and there are a lot of of of ids brewing right now in the background
i think that's huge personally because nft space is obviously blowing up and the fact that i can't
see an nft like in the most popular wallets now like if i buy it i got to go to a different site
you know that's uh that's what you want you want to see it you want to show it
off you want to experience it so i think that'll be huge um is there a personal
nft that you own that you're pretty proud of yeah uh i mean there are several like uh
i've sold too early like uh the blue chips actually if i'm being perfectly honest with
you uh this being said um right now uh the uh the the main nfc project that i'm uh that i'm uh um
uh basically like supporting is the the girl cat gang i don't know if you heard about it but i
think it's uh it's uh it's uh it's it's pretty good say it again good gang good at cat yeah
it's pretty cool like if you if you like i think it's the next eight but you know like it's uh yeah
it's interesting definitely to uh to look into this product i really like it we'll have to ape
into that one for sure um let's talk about the xd5 wallet token what is the use case for the token
just some things i've listed here staking claim free rebates participate in governance systems
earn by learning but you know please yes so okay i'll be really honest with you guys like i can't
really like uh comment on on that publicly uh so i really encourage you to look at what's what
has been published via twitter and and other uh uh medias uh uh around that but yeah i can't really
for regulatory reasons i'm assuming because you're behind the project
okay we'll check the website yeah i've listed staking in governance but honestly i get the
website would have more um generally speaking about xd5 what do you wish more people understood
i mean okay so let's put it this way i do believe that like uh you know blockchain
blockchain is still that's really a early and and nascent stage today most of the people that are
gonna have like um you know like an interaction with uh with with cryptos are going to be like
via binance kraken coinbase or or whatever uh but if they really want to you know like to unleash
the full potential of web tree they're going to have to move from a centralized action through
decentralized wallet one and this is really for me at this stage that people are gonna jump into
a territory that is like more complicated to understand and that requires them
to have like some tools available to them to understand like how best they can you know
organize their opsec and also interact with all the dabs that are offered to them out there um
as a wallet we are as a decentralized wallet right we are like the first people
to onboard these new users these new joiners that have actually no clue what
what they're going to do or maybe they have like a little bit like of an understanding
of what they're going to do but it's quite limited and we can basically uh um uh uh help them at the
very beginning of the learning curve about web3 to try to to onboard them into this new environment
not just like into xd5 but like into the entire web tree environment so uh we do believe that we
have a responsibility to help them understanding and grasping like a concept around defined
energies and and this is exactly what we're going to do we have different uh initiatives that are
going to be created a play to learn mechanism which is how we call it and whereby people are
going to be able to complete milestones uh uh uh of using the wallet and other uh interfaces
uh uh in connection with the with wallet um and uh and hopefully that's gonna be successful i cannot
say too much about it i kind of want to say more about it but i cannot say too much about it yet
uh but that that's basically going to be like a a heavy focus of of the team and hopefully we
will help to uh you know cut off a wider adoption of the the duet in role for sure for sure
and um xd5 wallet is backed by some very notable backers alameda research animoka brands coin gecko
just to name a few that was impressive to me but i guess as we're wrapping up this
interview um i feel like we learned a lot about xd5 wallet um it does seem like you know it's
going to be pretty popular in the future i guess final thoughts for the altcoin daily audience
oh for me you mean yeah if you have any final thoughts i actually you know i'm saying if you
have something to say on the backers though i mean like look the the way we are the way we are
uh uh uh thinking about like a building xd5 well it is really simple like trying to build it like
for uh the end user so if you have any feedback or anything like please we encourage you to try
the wallet uh if there is anything that you would like to see in this wallet any features that you
don't have in your current wallet and that you would like us to work on please feel free to join
us on our on our discord uh share these features with us uh and uh you know we will try our best to
implement them we cannot implement everything but if we don't we'll explain why if uh if uh
if we like the the feature that you're working on that you've thought about uh we'll try our best to
implement it so please try the web guys and um and let us know how uh how you felt about it awesome
emil thank you so much for taking the time one of the big reasons i found xd5 wallet interesting
because it is addressing real needs for d5 nfts etc so i appreciate you taking the time the links
for all the stuff you mentioned are down below and uh thanks again man thanks for having me guys