Synthetix founder leads the non-private key multichain wallet project Infinex

Recently, a new multichain wallet project has attracted widespread attention in the industry. This project is initiated by the founder of Synthetix and aims to create a decentralized wallet aimed at ordinary users. As a non-custodial multichain wallet without private keys, it supports email registration and recovery, and can use Google dynamic verification codes for two-factor authentication, significantly lowering the user entry barrier.

The launch of this Wallet is likely due to the founder's discovery that the threshold for ordinary users to participate in DeFi is too high in the Synthetix project. Traditional users often encounter difficulties when registering for a cryptocurrency Wallet, and the management of Private Keys and mnemonic phrases can be daunting. Therefore, the goal of this user-friendly Wallet is to attract more non-cryptocurrency users into the world of DeFi.

As the second entrepreneurial project of the founder, this Wallet has received support from many well-known institutions and individuals in the industry. Investors include several leading venture capital firms, public chain projects, and DeFi protocols, as well as the founders of projects such as Solana, BeraChain, and Frax.

This project adopts a special financing method - fundraising through NFTs. All investors, whether institutions or individuals, use the same price and circulation method, reflecting fairness.

Currently, this Wallet has launched several interesting features:

1. Vault: A vault function that allows users to retrieve funds through a backup address when they cannot normally access their account.

2. Swidge: Supports cross-chain exchange and trading of multichain assets.

3. Earn: Integrates multiple on-chain yield protocols, allowing users to participate in multiple yields with one click.

4. Bullrun: An on-chain points game where users can open cards daily to earn points.

5. Airdrop: Provide various airdrop benefits for early users.

The financing of this project adopted the form of "Patron NFT", with three price tiers corresponding to different unlocking methods. A total of 43,244 NFTs were sold, raising a total of 67.69 million USD. Investors are spread across 88 countries and regions worldwide, primarily consisting of users from Europe and Asia.

In terms of tokenomics, the total supply of 100,000 Patron NFTs is allocated as follows:

• NFT Sales: 43.24%
• Activity Incentive: 10%
• Core Working Group: 20%
• Ministry of Finance: 26.75%

For ordinary users, participation can be done in the following ways:

1. Experience the Wallet features and participate in the points game to gain potential airdrop opportunities.
2. Purchase Patron NFT on the secondary market.
3. Content creators can pay attention to the project's activities on the Kaito platform.

The emergence of this innovative Wallet project demonstrates the industry's focus on enhancing user experience and reducing barriers to entry, promising to bring more ordinary users to the DeFi ecosystem.