DeFi Wallet Argent Launches 2nd Layer Account with Over 500,000 Waiting Lists

DeFi wallet Argent launches 2nd layer account with over 500,000 waiting lists

Argent, a London-based startup, introduced a new crypto wallet aimed at reducing costs and the environmental impact of communications with DeFi systems.

In a statement sent by email today, Argent said more than 500,000 people have signed up for the waiting list to use the layer 2 account built into zkSync, a measurement solution based on Ethereum.

It started giving customers early access to the layer 2 account in October, according to a blog post last month.

The first Argent fund, built specifically for Ethereum and launched in 2018, will remain open to long-term customers – but Layer 2 accounts will be automatic for new users.

Hundreds of thousands of people use the first service, according to a spokesman.

DeFi Wallet Argent Launches 2nd Layer Account with Over 500,000 Waiting Lists

DeFi Wallet Argent Launches 2nd Layer Account with Over 500,000 Waiting Lists

Itamar Lesuisse, founder and CEO of Argent, said in a statement that access to crypto has become “low cost, slow-moving and less secure.”

The Argent 2-year-old non-reservoir fund aims to fix that by cutting gas prices as low as $ 1 while providing faster transactions and a 95% reduction in carbon emissions per trade.

Customers can use the service to purchase, store, and ship crypto, as well as earn interest on tokens by connecting to DeFi applications such as Aave, Lido, and Yearn.

Argent uses the services of crypto payment company Ramp to help users purchase crypto using fiat money.

The start was the last fundraising in March 2020, when it raised $ 12 million in Paradigm-led series A. Former sponsors include Index Ventures, Crendum, and Firstminute Capital.

Argent also created a wallet on StarkNet, another Ethereum-scaling solution, called the Argent X – but said in a blog post in February that this was “an engineering tool, for now.”


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