• Pricing: Freemium
• Categories: Wallet, , , ,

Fuse Wallet Summary:

Fuse Wallet is a smart wallet on Solana that prioritizes asset security designed as a programmable long-term crypto storage savings account, Fuse Wallet offers users the ability to swap assets, stake, and progressively enhance security.

Fuse Wallet Description:

Fuse Wallet is the first open-sourced smart wallet on Solana built using Squads Protocol by the Squads Labs team, offering enterprise-level security for every user.

Unlike traditional wallets that run on legacy infrastructure, Fuse eliminates single points of failure and provides enhanced control over assets through a suite of advanced security features.

Fuse combines biometric verification, two-factor authentication, recovery keys, spending limits, and more to secure your Solana assets.

Fuse Wallet is not like a normal crypto wallet for daily use. Instead, it is a digital version of cold storage or offline wallets for saving long-term crypto securely.

It does not connect with dApps or other wallets, nor does it allow the use, import, or export of seed phrases.

This ensures that the user’s wallet cannot easily be compromised, as most wallet compromises occur from user interactions or importing seed phrases into scam dApps.

Some of the project focus areas are:

1. Enhanced Security Features:

Fuse utilizes biometric verification, two-factor authentication, and recovery keys to protect user assets, ensuring that every transaction is secure.

2. Progressive Security:

Users can start with simple email recovery and progressively enhance security by integrating cold wallets, rotating keys, and setting spending limits.

Fuse Wallet sets a new standard for on-chain security on Solana by combining advanced security features using Solana smart account and user-friendly progressive enhancements.

With its focus on protecting long-term assets, Fuse Wallet provides a robust and secure platform for managing and growing your on-chain wealth.

Fuse Wallet Pros:

1. Advanced Security: Combines biometrics, 2FA, and recovery keys to provide a highly secure wallet experience.

2. Programmable Savings Account: Designed to protect long-term assets while offering functionalities like swapping and staking.

3. User-Friendly: Progressive security enhancements and easy integration with existing Solana wallets.

4. Open-source: It built on open-source Squads Protocol by the Squads Labs team.

Fuse Wallet Cons:

1. Annual Fee: Charges an annual fee of 0.05 SOL to support ongoing development and infrastructure.

2. Limited to SPL Tokens: Only supports SPL tokens, and sending non-Solana tokens can result in loss of funds.

3. No External App Connections: Does not connect with external apps, focusing solely on asset security and management.

Fuse Wallet Use Case:

1. Asset Security: Ideal for users looking to secure their long-term Solana assets with advanced security features.

2. DeFi Users: Allows users to swap assets and stake within the wallet.

3. Cold Wallet Users: Enhances security for cold wallet users by providing 2FA and recovery key options.