Hardware wallet manufacturer Ledger and Uniswap Labs have partnered to integrate the Uniswap API into the Ledger Live application to make the decentralized finance (DeFi) market more accessible for self-custody enthusiasts.
The integration will allow “seamless swaps” from Ledger’s self-custody wallets by integrating Uniswap’s Trading API with the Ledger wallet’s companion app, a January 14 announcement said.
As such, Ledger Live users will have complete access to Uniswap’s DeFi ecosystem without having to transfer their funds out of their hardware wallets, which often introduces various security risks.
According to Ledger’s Chief Experience Officer Ian Rogers, the integration brings a wider range of tokens and liquidity to Ledger Live, which already allows users to “earn yield, secure logins, and seamlessly interact with the number one dApp on the planet.”
Users will also be able to benefit from clear signing, a feature on Uniswap that makes transaction details human-readable as opposed to cryptic data, allowing users to clearly understand what they are agreeing to before authorizing a transaction.
Transactions that support clear signing are ”inherently safer than traditional blind signing that is all too common in DeFi,” the announcement said, adding that owners of Ledger Flex and Ledger Stax, two flagship wallets from the wallet manufacturer with integrated displays, will be able to view transaction information at a glance.
The new integration will be made available via a phased rollout. Initially, the feature would be accessible to desktop users and only support the Ethereum network. Support for mobile devices and other networks will be introduced via a later update.
Commenting on the development, Uniswap Labs’ Chief Operating Officer Mary-Catherine Lader expressed enthusiasm, emphasizing that the partnership aligns with their mission to “unlock value through universal exchange” while simplifying the self-custody user experience.
With DeFi increasingly drawing the attention of bad actors, the sector has become a minefield for the unprepared.
Coupled with its often complex interfaces, navigating the DeFi landscape can feel daunting, particularly for less tech-savvy users—often leaving them vulnerable to costly mistakes.
Calls for easier-to-use options have grown louder as users demand intuitive solutions that simplify the experience while maintaining the security and control that defines the self-custody ethos of DeFi.
Uniswap faces security hiccup
The development comes just a day after Uniswap wallet users were warned of a critical vulnerability that could allow an attacker to drain all assets from the web3 wallet.
According to web3 security firm ScaleBit, the vulnerability lets anyone with physical access to a user’s device with an unlocked Uniswap wallet on it to easily retrieve its seed phrase.
The news also spooked holders of UNI, the native token of Uniswap, leading to a roughly 10% drop in its price after the news broke. However, the price has since recovered to mitigate some of the previous day’s losses.
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