Frontier partners with Concordium blockchain and plans to add the support soon

2 min read
Frontier partners with Concordium blockchain and plans to add the support soon

Get ready to experience a whole new level of DeFi – with Frontier and Concordium! Frontier wallet is thrilled to announce its partnership with the Concordium blockchain. This will allow Frontier users to seamlessly stake and delegate Concordium’s native token, CCD, on the Frontier wallet directly.

Concordium is a public blockchain designed to balance privacy with accountability through its ID layer. Transactions are safe and secure, unlocking a multi-trillion-dollar economy. The native coin, CCD, is used for transactions, staking, and as collateral for DeFi. With strong backing from leaders in industries like Volvo, IKEA, and Credit Suisse, Concordium is scaling to bring the benefits of blockchain to the world.

As a multi-chain crypto & NFT wallet with DeFi aggregation capabilities, Frontier is on a mission to make DeFi simple, secure, and mobile. Available on both Android and iOS mobile devices and as a browser extension, Frontier empowers users to buy, stake, earn, lend, borrow, swap, and bridge crypto assets across different chains and dApps. The list of 35+ supported chains include Ethereum, Solana, Cosmos, Polkadot, Avalanche, Binance Smart Chain ecosystem, and leading L2 scaling solutions.

With this partnership, Frontier users will now have access to Concordium’s built-in self-sovereign ID framework through the updated account creation process, which includes ID verification and seed phrase integration. This will greatly enhance the user experience for those utilizing Frontier & Concordium. In addition, the users can stake tokens on multiple chains, participate in liquidity pools, create CDPs, trade token derivatives, and access the upcoming Concordium DeFi ecosystem, all from within Frontier.

We are excited to bring this integration to our users and look forward to being a part of the growing Concordium DeFi ecosystem.

Here is what the leadership thinks about the strategic partnership

“At Concordium we believe in a future where Web3 goes hand in hand with both existing and new businesses to create exciting new offerings. To succeed we want our community to have access to the best non-custodial wallets possible. Frontier’s ability to unify multiple blockchain-based offerings in a clean user experience. Concordium’s delegated proof-of-stake design fits naturally into Frontier's strong, built-in, DeFi offering, and we look forward to working with the team on supporting future compliance needs of projects through Concordiums Web3 ID framework”, says Mikael Breinholst, Concordium’s Director of Product.

“With regulatory authorities across the globe contemplating ways and means to regulate decentralized finance and cryptos, an ID-verified blockchain network like Concordium can help unlock a significant value in the mass Web3 adoption. Frontier Wallet is beyond excited to partner with Concordium as their Wallet partner and help them build a secured, non-custodial Crypto and NFT wallet with seamless access to DeFi and CCD staking” says Ravindra Kumar, Founder & CEO, Frontier Wallet.

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Yash Belavadi

Chief Product Officer (CPO) at Frontier Wallet. Entrepreneur building for a Decentralised World - Blockchain, Self-Custody, Crypto, DeFi, NFT, and more