On Thursday, Solflare, Solana’s native wallet, released a new integration with FTX.com and FTX.us cryptocurrency exchanges to simplify wallet management for Solana users. As Solflare said, this integration would make switching between hosted and non – hosted accounts extremely simple by allowing users to manage FTX funds directly from their Solflare web extension and later through the mobile wallet. Of course, FTX customer notification rules will still apply to linking everyone’s exchange accounts to Solflare.
In addition, the Solana network’s infamous traffic congestion will not affect the exchange of signals on FTX accounts in the Solflare wallet, since the liquidity comes from FTX and not Solana. However, deposits and withdrawals on the Solana network can sometimes be slow. The wallet supports the withdrawal, cache and viewing functionality of non-interchangeable FTX signals.
For decentralized financial users, or DeFi, the integration would enhance Solflare’s ability to deliver coordinated arcs and other performance incentives. Filip Dragoslavic, co-founder of Solflare, said:
“FTX is probably one of the most popular centralized exchanges for DeFi users, especially on Solana. The integration of the two worlds connects the two worlds where you can order your FTX account without leaving Solflare. Confirming that your address is unique to FTX-registered wallets could open up new Web 3.0 compliant control options. ”
Solflare is a community wallet built specifically for Solana. The wallet allows sending and receiving SOL signals as well as sending and receiving SPL signals equivalent to ERC-20 Solana. It also supports SOL signal stacking, advanced NFT interactions, use of DeFi protocols, dApp notifications, and support for Ledger hardware wallets.