There have been numerous complaints by Uniswap Web App users, and these issues have been found to have one thing in common – confusion about self-custody wallets. Uniswap has identified a solution to the issues many of its users face on blockchains.
On March 3, the company revealed its plans to launch a self-custodial wallet.
The announcement highlights a limited early release for 10,000 TestFlight users. These selected few will be the first to enjoy the features of the open-sourced app, including being able to discover tokens, check price charts, and switch between Mainnet, Polygon, Arbitrum, and Optimism easily. There are a lot more that users will enjoy with the Uniswap mobile wallet.
Users will receive real-time push notifications once their transactions are completed on the mobile wallet.
The wallet’s WalletConnect tool allows users to manage their connections to several web applications on various blockchains simultaneously.
Without having to switch networks, users can link to Uniswap on Arbitrum, Aave on Polygon, and Lido on Mainnet.
The DeFi firm worked with Trail of Bits for the wallet’s audit to ensure the highest security possible.
Uniswap Labs stated about security:
“Imported and newly created wallets will have their seed phrases and private keys encrypted and stored on devices using Apple’s secure enclave, which is excluded from device backups.”
Users will be given access to manually store their seed phrases with a paper copy or encrypt and store it on Apple iCloud. That way, their seed phrases will be backed up and secured, if there were to lose their smartphones.
Apple doesn’t give the green light for the new self-custodial wallet
Uniswap Labs had its first build approved by Apple in October. Despite that, its final build was rejected a couple of days before it was to be launched in December.
The company has attended to every of Apple’s concerns, provided answers to their questions, and proven that the wallet is completely compliant with Apple’s guidelines. Apple, on the other hand, has approved other self-custodial wallets, which has left Uniswap Labs stuck in limbo.
The 10,000 TestFlight users will be given early access to the “same, safe to use” app which will be changed to the App Store model after it has been approved. Access codes will be sent out over the next two weeks, beginning at ETHDenver.