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Instadapp Releases Avocado Smart Contract Wallet

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On March 9, the multi-chain DeFi management protocol Instadapp launched the smart contract wallet Avocado, which supports multi-network transactions. Gas in al…

Instadapp Releases Avocado Smart Contract Wallet

On March 9, the multi-chain DeFi management protocol Instadapp launched the smart contract wallet Avocado, which supports multi-network transactions. Gas in all networks is supported in the form of USDC, without the need to manage multiple local gas tokens. At the same time, users can use the built-in account abstraction to create a deterministic smart contract that can only be controlled by themselves. Avocado charges an additional 20% of the gas fee, of which 10% is given to the DApp integrator.

Multi-chain DeFi management protocol Instaapp launched smart contract wallet Avocado

Analysis based on this information:


Instadapp, a multi-chain DeFi management protocol, recently released a new smart contract wallet called Avocado. This wallet stands out from other wallets because of its ability to support multi-network transactions. In other words, users can make transactions across different blockchain networks through Avocado without the need to manage various local gas tokens. This feature significantly simplifies the process of making transactions, saving users both time and effort.

Furthermore, Avocado supports gas in all networks through the use of USDC, a stablecoin with a 1:1 conversion rate to the US dollar. This means that users do not have to worry about fluctuating gas prices in different blockchain networks. Instead, they can use USDC to pay for their gas fees, making the process more convenient and predictable.

To enhance the security of users’ transactions, Avocado also includes a built-in account abstraction feature. Essentially, this feature allows users to create a deterministic smart contract that can only be controlled by themselves. This provides users with greater control over their transactions and reduces the risk of unauthorized access.

However, it is important to note that Avocado charges an additional 20% of the gas fee, of which 10% goes to the DApp integrator. This means that users should carefully consider the costs associated with using Avocado before deciding to switch to this wallet.

In summary, Avocado is a smart contract wallet developed by Instadapp that supports multi-network transactions through the use of USDC. It also includes a built-in account abstraction feature, which enhances the security of users’ transactions. While the wallet provides several benefits, users should carefully consider the additional costs associated with using Avocado.

Overall, this new wallet is another significant development in the growing world of DeFi and blockchain technology. As the demand for simpler and more secure transactions continues to increase, we can expect more innovations like Avocado to emerge in the future.

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