Rabby Wallet

Wallets

Rabby Wallet is a browser extension wallet developed by DeBank, designed to meet the growing needs of the DeFi community by enhancing user experience across multiple blockchains, improving transaction transparency, and bolstering security. It has expanded to include desktop and mobile versions, offering flexibility across different devices.

Project rating

9.2 / 10

Excellent

What is Rabby Wallet

Here's how it works:

Smooth Multi-Chain User Experience: Rabby simplifies interactions across various blockchains by automatically selecting the appropriate chain settings, removing the hassle of manual network switching.
Understanding On-Chain Transactions: It enhances transaction transparency by displaying detailed confirmation pop-ups, helping users grasp the implications of their transactions.
Pre-Transaction Risk Scanning: Rabby includes a security engine to screen transactions for potential risks before execution, alerting users to possible vulnerabilities.
Privacy and Security: Prioritizing user privacy and security, Rabby operates independently of backend services for critical functions and maintains an open-source codebase for transparency.

In summary, Rabby Wallet addresses challenges in navigating the multi-chain DeFi landscape, transaction transparency, and security vulnerabilities, setting a new standard for secure and efficient DeFi interaction. Despite certain limitations compared to wallets like MetaMask and Trust Wallet, such as lack of staking support and fiat currency purchase integration, Rabby stands out for its multi-chain support, transaction transparency, and robust security measures. It is a significant Ethereum-compatible wallet option, emphasizing user control and asset security.

Team of Rabby Wallet

Tang Hongbo

Co-founder and board chair

Tang Hongbo

Co-founder and board chair

Tang Hongbo, co-founder and board chair at DeBank, brings extensive experience from the tech industry, including roles as R&D Director at 饿了么 and Software Engineer at Adways Inc., backed by a Bachelor's degree in Computer Science from Tongji University.

Xu Yong

Founder

Xu Yong

Founder

Xu Yong, the founder of DeBank, has a diverse background with leadership roles including founding FellowPlus and serving as an anti-fraud manager at 饿了么, complemented by a Bachelor's degree in Information Security from Tongji University.

Funding of Rabby Wallet

Undisclosed

Total Funds Raised

Undisclosed

Total Funds Raised

Rabby Wallet was developed by the DeBank team, which has raised $25 million, but we don't know how much money is allocated specifically for this project.

Rabby Wallet review

Pros

Multi-Chain Support

Supports 44 blockchains, allowing automatic network switching for transactions, increasing user convenience by removing the need to manually change networks.

Transaction Transparency

Provides detailed previews of transactions, showing the impact on balance before confirmation, enabling informed decision-making and reducing accidental transactions.

Pre-Transaction Security

Features a security engine to scan for risks before execution, alerting users to potential failures and vulnerabilities, enhancing asset protection.

Non-Custodial

Users have full control over their private keys and assets, promoting the decentralized nature of crypto and increasing security.

Open Source

The use of an open-source framework with audits by firms like Slowmist signals strong commitment to transparency and security, building user trust.

Hardware Wallet Support

Allows connectivity with hardware wallets like Ledger and Trezor, adding an extra security layer for asset management.

Cross-Device Use

Available on desktop and mobile, offering flexible and convenient management of DeFi activities across devices.

Cons

No Staking Functions

Lacks staking capabilities on EVM-based blockchains, potentially turning away users interested in earning rewards through staking.

No Fiat Purchases

Missing integration for direct cryptocurrency purchases with fiat, which could limit appeal to new users or those wanting easy market entry.

Security Risks

Despite incorporating pre-transaction risk scanning, the fast-paced DeFi evolution and smart contract vulnerabilities pose ongoing security threats.

Established Competition

Faces competition from established wallets like MetaMask and Trust Wallet, which may offer more functionalities such as staking and fiat purchases, challenging its market position.

Opportunities

AirdropMainnet9 / 10

Minimal cost: ~20 USD

Rabby Wallet

Participate in the Rabby Wallet opportunity by completing missions to earn points. The project has hinted that there will be rewards for accumulating these points.

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