MyEtherWallet Latest to Enter DeFi Arena With Integration on Aave and Ren

MEWconnect is a wallet linking system developed specifically for MyEtherWallet, and it is similar to those found on other DApp-enabled wallets like Metamask, Coinbase Wallet or more generalized frameworks like WalletConnect. Kosala Hemachandra, MyEtherWallet’s CEO, told Cointelegraph that the system was originally designed to securely connect MEW wallet app users to its web-based frontend.

But the system is currently being used for more than just the MEW app, allowing users of other software and hardware wallets to connect to the Ethereum blockchain through its web interface. Hemachandra was hopeful that more projects will follow: With the integration, MyEtherWallet users now have a wider selection of lending options through Aave, as well as access to tokens from other blockchains via Ren’s trustless bridges.

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