What can you do with WalletConnect?

Tiempo de lectura: 2 minutos
Find out all about the open source protocol that enables mobile Decentralized Finance (DeFi).

What’s WalletConnect?

WalletConnect is an open source protocol for connecting decentralised applications (Dapps) to mobile wallets with QR code scanning or deep linking. 

The user can interact with any Dapp without including their private keys and will be notified to sign any transaction requested on their mobile.

As WalletConnect is open source, anyone can contribute to its development or integrate it into their Dapp. WalletConnect is important to the DeFi ecosystem because it increases the number of Dapps you can use with a mobile wallet.

Being integrated in Defiant Wallet, WalletConnect gives you a one-tap access to the vast majority of DeFi platforms and web Dapps.

How to use WalletConnect with Defiant?

1- Open a compatible Dapp

Open your browser and go to the website of the application that you want to use.

2- Conect your wallet

Almost all Dapps on Ethereum or RSK now have an option to ‘Engage your wallet’ or similar. Select this option and choose the mobile wallet. When choosing this option, you will see a QR code.

We will show the example with Sovryn’s Dapp:

Screenshot: Sovryn
Screenshot: Sovryn
3- Scan the QR Code with Defiant

Select WalletConnect in your Defiant wallet, click on “New Connection” and choose from which wallet and from which network you want to take the funds. Then scan the QR code.

4. Authorize the Dapp

Next, you’ll receive a notification from your wallet asking if you’d like to approve the connection to your wallet. When you authorize a Dapp you give it permission to access your wallet, and withdraw an amount of assets up to a limit you choose.

The authorization can be withdrawn at any time. In Defiant, you can do this by going directly to WalletConnect. Next to each connection you will see a delete icon.

5. You’re connected!

When you make a transaction with the Dapp a popup will appear in your wallet asking for approval for the transaction. As with any other transaction you’ll need to pay network fees (“gas”).

Hope this article was helpful!

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Defiant integrates Sovryn’s AMM

Tiempo de lectura: 2 minutos
Users now have an easy way to get SOV tokens using Defiant wallet.

Defiant continues improving the experience for the Defi for Bitcoin community with the integration of Sovryn’s AMM

By using this new feature, users will be able to swap RBTC, rUSDT, DOC or BPRO for SOV tokens on a single tap, without entering the dApp.

Swap like a pro!

Getting SOV has never been easier. All you need is to have Defiant wallet installed on your mobile and then you just swap the tokens. Remember you need some rBTC to pay the RSK network fees.

On Defiant you won’t need to set the gas fees like in desktop wallets, we have sorted it all out for a seamless experience 😉

Defiant Wallet Swap.
Swap RBTC, rUSDT, DOC or BPRO for SOV on a single tap.
Gas fees in Defiant Wallet.
You won’t need to set the gas fee.

By the way, it’s not all about SOV. Many other Sovryn swaps are also integrated into the app, so you can trade between RBTC, SOV, DoC, BPRO and rUSDT with just a few taps on your phone.

Got SOV, now what?

As of today, you can take advantage of Sovryn’s staking feature and immediately start earning a portion of the platform trading fees. Revenues are distributed on an ongoing basis to those actively staking, in relation to their voting weight. 

You can use WalletConnect to link Defiant wallet to Sovryn dApp and start earning straight away 🚀

About Sovryn

Sovryn is a Bitcoin-based decentralized trading and lending platform that aims to bring decentralized finance (DeFi) to Bitcoin. In order for Bitcoin to reach its full potential, Sovryn creates a decentralized financial operating system that, like Bitcoin, is borderless, censorship resistant, permissionless, and secured by the Bitcoin Network.