Rivo is a smart contract multichain wallet that empowers users to manage their crypto and NFT portfolios, invest in, and exit DeFi strategies in one space. It is designed to simplify the DeFi experience and make it more accessible to everyone, regardless of their technical expertise.
Problems that users meet in DeFi space
The DeFi space is full of potential, but it can also be complex and intimidating for newcomers. Some of the common problems that users face include:
- High complexity of DeFi platforms: Many DeFi platforms are complex and difficult to use, even for experienced users. This can make it difficult for beginners to get started and can lead to mistakes.
- Hacks and exploits: The DeFi space is still relatively new and unregulated, which makes it a prime target for hackers and scammers. Users need to be very careful to protect their funds from theft.
- Self-custody wallets with private keys are scary: Self-custodial wallets give users full control over their funds, but they also come with the responsibility of managing your private keys. This can be intimidating for new users, and there is always the risk of losing or forgetting your private keys.
Rivo’s solution
Rivo solves these problems by providing a simple and secure way to interact with the decentralized finance space. It offers a number of features that make it easier and safer for users to manage their digital assets, including:
- Account abstraction: Rivo uses account abstraction to eliminate the need for seed phrases. This makes it easier for users to create and manage their wallets and also reduces the risk of theft.
- Pay for gas with any token: Rivo allows users to pay for gas fees with any token, not just ETH. This can save users money and make it easier to interact with DeFi applications.
- Multichain support: Rivo supports a variety of blockchains, including Ethereum, BNB Smart Chain, Polygon, Arbitrum, Optimism, and Avalanche. This allows users to seamlessly manage their assets across multiple chains.
- Dapp compatibility: Rivo has a browser extension that allows users to interact with any decentralized application (dapp) from their browser. This makes it easy to use DeFi applications without having to switch between different wallets and browsers.
- Cross-chain swaps: Rivo allows users to make cross-chain swaps directly from their wallet. This makes it easy to trade assets between different blockchains and get the best rates.
- Portfolio analytics: Rivo provides users with detailed insights into their portfolio performance. This includes tracking PnL, strategies performance, exposures, NFTs, assets, and transaction history.
- Enhanced security: Rivo has a number of security features in place to protect users’ funds, including an auto-lock timer, 2FA, multi-signature, spending limits, and time-based transactions.
- Instant recovery: Rivo allows users to designate “Guardians” who can help them to recover their account if they lose access to their linked social accounts.
Conclusion
Rivo is an all-in-one solution for cryptocurrency users. It offers a simple and user-friendly way to invest in and manage DeFi strategies. Rivo is still under development, but it has the potential to revolutionize the decentralized finance space by making it more accessible and secure for everyone.
