WonderFi Labs, the innovation and development arm for WonderFi, focuses on developing cutting-edge decentralized technologies and applications to expand their offerings beyond centralized trading platforms. The recent release of Wonder Wallet, available on Android and iOS in select markets, helps them unlock opportunities in DeFi and other decentralized services for WonderFi users.

Wonder Wallet offers two styles of self-custodial wallet: traditional seed phrase wallets and MPC wallets. For the latter, they integrated Portal’s MPC technology to ensure they offered their users the highest level of security with the ease of Web2-like onboarding.

The Challenge

WonderFi needed a technology partner that could (1) handle the scale needed given the size of their current user base, (2) offer enterprise-grade security, (3) allow for multi-chain on day one, and (4) offer UI customization to ensure brand and experience consistency.

The benefit of Portal Enclave MPC APIs to WonderFi

1. Facilitates easy onboarding: WonderFi Labs knew they didn’t just want to have a seed phrase option. Portal’s MPC technology allows the Wonder Wallet to offer MPC wallets where account creation is a simpler endeavor, particularly for those new to crypto, allowing people to store keys on their chosen device. 
2. Robust security: Portal’s MPC architecture is SOC II certified, giving WonderFi Labs confidence that their users' assets are protected.
3. Multi-chain: Portal supports over 100 chains, including Solana, Bitcoin, ETH, and EVM-compatible chains, and supports ECDSA and EDDSA raw signatures.
4. Rapid integration with flexible design: Portal’s APIs allowed WonderFi Labs to quickly integrate MPC technology directly into their wallet design, offering them security and functionality without prescribing the user experience.

For more information about Wonder Wallet, visit https://labs.wonder.fi/portfolio/#wonder-wallet.  To try Portal for free, click here.

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