Ethereum’s oldest user-friendly wallet is staking territory in DeFi.
MyEtherWallet is expanding its integrations with decentralized finance through its dedicated wallet communication tool, MEWconnect.
On Thursday, the project announced an integration with Aave and Ren, which marks the first time that third parties are using the MEWconnect technology.
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.
The company says that this is part of its commitment to not lock in users into a specific solution, which it believes is the common goal of the Ethereum ecosystem.
For some DeFi protocols, MyEtherWallet provides two options.