The Launch of Avocado Multisig: Circle CEO Praises the Wallet’s Features
Circle CEO Jeremy Allaire has expressed his admiration for Avocado Multisig, a multi-chain wallet, describing it as a USDC “gas tank.” The wallet offers a unified USDC “gas tank” feature that allows all signers to combine their resources and cover transaction fees across various blockchain networks. This simplifies gas fee management in the defi ecosystem.
- The Avocado defi wallet was launched in March and has gained praise for its innovative features.
- It can accommodate individual users, teams, and institutions.
- Avocado Multisig streamlines treasury management by consolidating treasuries into a single address across multiple networks.
- Unlike standard multisig wallets, Avocado Multisig uses a single address for more than ten different networks.
- Account Abstraction brings Ethereum smart contract functionality directly into the wallet interface.
Despite facing challenges, such as a decrease in total value locked (TVL) and the decline of its governance token, Instadapp is hopeful that the launch of Avocado Multisig will help it regain momentum and establish a strong position in the defi landscape.
Hot Take: Avocado Multisig’s launch has been well-received, with Circle’s CEO praising its features. The wallet’s ability to simplify gas fee management and streamline treasury management makes it a valuable tool in the defi ecosystem. Instadapp hopes that this launch will help it overcome its challenges and solidify its position in the competitive defi market.
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