Plasma Wallet: DeFi, NFT, Web3, Metaverse

Plasma is a powerful self-custodial wallet that helps users manage all their crypto assets in one place and easily explore the NFT and DeFi world. Also, this wallet is integrated with the decentralized exchange HyperDEX, which gives all users access to more than $100 billion of liquidity. Also, it is adaptable to all 1000 protocols on the EVM Blockchain. This wallet has different features like an NFT portfolio, advanced customization, global market, and many more. So if you want to access all its features, then create a wallet through the official website of Plasma wallet.

How to Connect Your Wallet to Plasma

Plasma works with any web 3.0 wallet, such as PlasmaPay, MetaMask, Wallet Connect, Coinbase wallet, and crypto.com. Below, we have used the Metamask Ethereum wallet, an open-source web 3.0 wallet.

  • Firstly, install the plasma finance app through its official website.

  • After that, click on the "Connect Wallet" option at the top right of your device screen.

  • Check the "Privacy Policy and Terms of Use" box. Then select the wallet you want to connect with plasma. If you don't have one, then create a wallet from this step.

  • You will be required to do so if you still need to unlock your wallet. Once you unlock, select the "Account" you wish to use to connect to plasma by checking the checkbox.

  • After that, click the "Connect" button.

  • Once you complete all the above steps, you will see your ETH address at the top corner, which shows that you're connected to plasma finance.

Steps To Add Liquidity Pool on Plasma Wallet

Users can easily add liquidity to an actual or existing pool in plasma; you just need to follow these steps to start the process:

  • Firstly, you need to select the token pair.

  • After that, enter the "Amount" of one token. Once you enter it, the application will calculate the amount of all other tokens.

  • If the user is using a token pair for the first time, they need to approve the pair before supplying it to the pool.

  • Lastly, click on the "Supply" button, and then the page will show you the liquidity pool token you will get after confirmation.

Introducing the Top Features of The Plasma Wallet

  • Self-custodial native wallet: With a plasma wallet, you can create a new wallet or import existing ones to access all DeFi protocols, NFTs, and features.

  • Direct integration: This wallet is the best platform to swap, invest and earn staking income. Also, you can easily buy, sell, save, and send cryptocurrency directly from the portfolio page of the plasma wallet.

  • Uncompromising security: This secures your funds with iCloud backup, biometric authentication, passcode lock, and apple secure enclave support.

  • Advanced portfolio management: Plasma wallet provides the most sophisticated management for a bird's eye view of all DeFi positions across all your chains, along with real-time on-chain data.

  • Advanced DeFi and trading features: You can swap at the deepest liquidities and perfect rates. Also, switch between networks immediately.

  • Fiat on-ramp: It integrates with MoonPay, which is the most famous global fiat on-ramp gateway. It allows you to buy crypto with a card, apple pay, and bank wire in more than 150 countries.

  • Global market: it customizes the Plasma Wallet dashboard to check balances in the fiat currency of your choice. The app connects and shows you real-time data from every major market.

  • Decentralized exchange: Plasma wallet trade p2p with DeFi's strong decentralized exchange HyperDEX gets you the trade you need at the best pieces and optimized routing.

  • Bridge aggregator: You can move your assets between all the famous EVM chains with just one click and with the best routing.

  • NFT portfolio: With a Plasma wallet, you can find trending collections, buy and sell on selected platforms, and make your NFTs.

  • Web3 world: You can explore thousands of Dapps on all EVM-adaptable block chains. Play Blockchain games, grow your knowledge, and earn crypto.

  • Advanced customization: You can get the want you wish to see. Change the image and color, or use your NFT as the background.

  • Seamless multi-chain experience: The Plasma wallet supports all EVM chains. Plus, the perfect RPC tracker ensures the fastest and most stable connections to all chains.

  • Media and YouTube Hub: Be aware of the news in crypto from the crypto channels and trending news.

  • Crypto university: With this wallet, you can learn crypto and DeFi basics. Also, you can read tutorials and go through o each aspect of passive earnings with DeFi.

Conclusion

Plasma is an off-chain solution that mainly aims to improve the Ethereum network performance substantially. It proposes utilizing smart contracts and Merkle trees to make a series of side chains that will host the majority of the network volume and interact with the main chain. Apart from that, there are a lot of features or benefits available on plasma wallets. So if you want to access all its features, then download the Plasma wallet app through the app store and set up your wallet.