I've been using the Defly wallet daily for months. I've seen again and again the talent and professionalism of the Defly team, so I've been confident using it as my main wallet while it was still in beta. But now it's fully audited and available to anyone with iPhone or Android, I can finally recommend it to all.
Before Defly I held my ALGO and ASAs in Pera wallet, I visited Tinychart to see charts of ASA prices, and I visited the Tinyman website (and connected my Pera wallet to it) to make swaps. For many ASAs I could also visit Algofi, Pact, or Humbleswap to see if I might get a better price there than Tinyman. If I did my swap on Tinyman I'd do a separate redeem afterwards to get the small amount of tokens remaining at the end. I got used to doing things this way, but it was time consuming and difficult to explain to anyone new to the ecosystem.
The Defly wallet has all of this in one place. You just install it, and it provides charts and swap functionality right there in the wallet. For each swap it automatically chooses the exchange that gives the best price at that moment, in fact it goes even further, doing "combo swaps" that automatically split your swaps across multiple exchanges to give you the best possible overall price. This sounds complicated, and internally it probably is, but to me it's really simple: I just click a button and it all happens automatically. It even does the Tinyman redeem automatically, to save me even more time.
So it's simpler, it's quicker, and I get a better price on my swaps. I can't overstate what a big deal this is for anyone who trades a lot.
If I want to stake tokens via a website (like yieldly say), or add/remove from a liquidity pool, I can connect my Defly wallet to the website just like I could with Pera (using Wallet Connect). And I can import my Algorand account into Defly just like I could with Pera - it's just a question of entering my 25-word mnemonic phrase (seed phrase). I've used both Defly and Pera concurrently for a while, but now Defly has Wallet Connect I don't need Pera any more at all - Defly does everything.
That's the core of why it's so great, but there are plenty of additional features that are really useful as well. For example:
- I can set price alerts so my phone will notify me when an ASA reaches whatever price I set.
- I can click on any of the assets I hold and see a chart of all my buys and sells, and total profit/loss.
- For any ASA I can see a list of all recent swaps, and click on any of them to find out more about the account that made them, how much of the ASA they have left, and their buying/selling history. It's so much quicker and easier than nosing through AlgoExplorer, I find myself doing it all the time.
- It gives me a list of all my swaps and makes it really easy to copy/paste them into a spreadsheet that I use for tax records. It's a huge timesaver.
There's more too, and the team is very responsive to feedback, so if there are other potentially useful features that aren't already there, there's a good chance they can be persuaded to add them. They really are an incredible team, amazingly quick and effective, and super friendly as well :)
I really can't recommend the Defly wallet enough. To anyone who isn't using it already, I suggest you give it a go today and you will quickly understand why love it so much!
EDITS: Originally I called it the "Defly app" and this was confusing people who didn't realize it was a wallet. As some of the comments show. So I made a few small edits to make it clearer that Defly is a wallet app, and that when I talked about "trusting it with my seed phrase" while it was still in beta, I was just doing as you have to do with any wallet (cos wallets need your seed phrase to work fully for sending Algo or ASAs to other accounts, swapping on exchanges etc.). Hope it's clearer now!
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