Keeping it moving, we just released Steakwallet 1.7 🎉 🥩
Steakwallet 1.7 comes with a host of improvements and new functionality. The initial load time and general app sluggishness has been improved dramatically with this release. We've also squashed a bunch of bugs, such as balances being displayed incorrectly 🐛.
We've added support for Binance Smart Chain (BSC), xDai, Harmony One, Terra, and Juno. Steakwallet now supports many of the popular tokens on these chains.
Taking it one step further, Steakwallet now also supports staking both Terra (LUNA) and JUNO with the simple one-click staking mechanic you've come to expect. 🚀
To make your Steakwallet truly yours, we've added another new functionality: Now you can set any NFT you hold in your Steakwallet as your background for a more personalized staking experience. Looks rare. 👀
To our early community members — thank you for the support and valuable feedback! We always love to get your feedback and thoughts on the app and what you'd like to see added.
New staking integrations: Terra & Juno
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Built on the Cosmos SDK, Terra aims to be "programmable money for the internet" with its native stablecoin UST and the LUNA governance token. As a "Layer 1" blockchain, the team behind Terra has struck up multiple partnerships to integrate blockchain functionality in every-day payment solutions.
Terra automatically adjusts stablecoin supply based on its demand to keep the one-to-one peg. By incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, the protocol can either expand or contract the stablecoin supply to match demand. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.
Lastly, LUNA can also be staked to earn rewards. With the latest version, Steakwallet supports native LUNA staking in-app. Simply navigate to the Terra (LUNA) token in the "Prime Yields" section of the app and select "Staking". After confirming, your LUNA tokens are now staking and earning rewards.
Juno is an interoperable smart contract network built on the Cosmos SDK. It's key benefits are increased speed and cost. Developers can easily deploy smart contracts on Juno and benefit from interoperability with all networks in the cosmos ecosystem via IBC.
The JUNO token has a variety of use cases, which include securing the proof-of-stake network, on-chain governance, acting as transport fuel for all interoperable smart contracts deployed in the ecosystem, collateral in various smart contract use cases, and work token to capture value from dApps built on top of JUNO. Steakwallet now supports JUNO staking in-app. Given how new the platform is, USD price data may be missing or slow to update for now.
More blockchains supported
Binance Smart Chain
Binance Smart Chain (BSC) is a parallel chain to the Binance Chain (BC, which is Binance's decentralized exchange) that empowers its users to build their decentralized apps and digital assets on one blockchain and take advantage of the fast trading to exchange on the other. With Steakwallet 1.7, we have added support for popular tokens on the Binance Smart Chain so you can manage your BSC-based assets right in your portfolio.
The xDai chain is a stable payment blockchain that is designed for fast and inexpensive transactions and is secured by proof-of-stake. xDai is considered a Layer 2 and is an EVM-based chain. With the latest release, Steakwallet supports tokens on xDai.
Harmony One is an open and fast blockchain with a focus on interoperability. The Harmony One mainnet runs Ethereum applications with 2-second transaction finality and much times lower fees. The team claims that Harmony’s bridges can connect any proof-of-work and proof-of-stake chains. Harmony aims to innovate by focusing on random state sharding to make the blockchain faster. Steakwallet now supports many popular tokens that are on Harmony One.
Let us know what you guys think or what other details you'd like to see on our Discord.
Who doesn't love NFTs? Exactly! So we decided to allow you to use any NFT you hold as your Steakwallet app background. Make your Steakwallet truly yours and customize your homescreen with your favorite NFTs. After having added an NFT gallery with last week's release, we wanted to take it one step further with Steakwallet 1.7.
You can even select a set of NFTs which will rotate so you can enjoy all your favorite NFTs. 🖼
We will add more NFT functionality in the future and there may even be some Steakwallet NFTs appearing in the wild... 🥩 👀
⚠️ Note: Steakwallet does not yet support sending NFTs. So if you send an NFT to your Steakwallet, you won't be able to send it out again through our app just yet. We aim to add support for sending NFTs soon. You can of course connect to OpenSea.io or a similar marketplace via WalletConnect to trade NFTs.
Fixes & Improvements
- Various Performance Improvements: Initial load time and general app sluggishness has been improved with this release.
- Bug Fixes: Balance display issues are also addressed in this release.
⚠️ Steakwallet should update automatically with every release. If it doesn't, you can manually update it by following the simple steps below. You can also download it based on the steps below:
- Go to Steakwallet on the Apple App Store
- Click the "Update" button on top right to update the app or "Download" if you have not yet downloaded the app
- Wait for the update/download to finish and voilá
- Open the Google Play Store app Google Play
- At the top right, tap the profile icon
- Tap "Manage apps & device"; apps with an update available are labeled "Update available"
- Tap "Update"
THIS WEB PAGE (INCLUDING THE ARTICLE CONTAINED HEREIN), IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE DO NOT CONSTRUE ANY SUCH INFORMATION OR OTHER MATERIAL CONTAINED ON THIS WEB PAGE AS LEGAL, TAX, INVESTMENT, FINANCIAL, OR OTHER ADVICE. THIS WEB PAGE AND THE INFORMATION CONTAINED HEREIN IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY DIGITAL ASSET, PROTOCOL, NETWORK, OR PROJECT. HOWEVER, STEAKWALLET (INCLUDING ITS AFFILIATES AND/OR EMPLOYEES) MAY HAVE, OR MAY IN THE FUTURE HAVE, A SIGNIFICANT FINANCIAL INTEREST IN, AND MAY RECEIVE COMPENSATION FOR SERVICES RELATED TO, ONE OR MORE OF THE DIGITAL ASSETS, PROTOCOLS, NETWORKS, ENTITIES, PROJECTS, AND/OR VENTURES DISCUSSED HEREIN.
THE RISK OF LOSS IN CRYPTOCURRENCY, INCLUDING STAKING, CAN BE SUBSTANTIAL AND NOTHING HEREIN IS INTENDED TO BE A GUARANTEE AGAINST THE POSSIBILITY OF LOSS. THIS WEB PAGE AND THE CONTENT CONTAINED HEREIN ARE BASED ON INFORMATION WHICH IS BELIEVED TO BE RELIABLE AND HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE, BUT STEAKWALLET MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY, ADEQUACY, REASONABLENESS, OR COMPLETENESS OF SUCH INFORMATION. STEAKWALLET CANNOT BE RESPONSIBLE, IN ANY WAY WHATSOEVER, FOR YOUR USE OF THE INFORMATION CONTAINED IN OR LINKED FROM THIS WEB PAGE. DO NOT RELY UPON ANY INFORMATION FOUND ON BLOG. STEAKWALLET.FI OR SUPPORT.STEAKWALLET.FI WITHOUT INDEPENDENT VERIFICATION.