Crypto Wallets Expand Into DeFi With In-App Yield And Swaps

Crypto wallet providers have expanded their application ecosystems by integrating trading, lending, and payment functions directly into user interfaces. According to CryptoNews, providers such as Phantom, MetaMask, and Jupiter are combining self-custody with various built-in financial services.

Yield and Lending Integration

MetaMask launched its Money Account on Monad on June 30, offering stablecoin conversions into mUSD alongside card payments and trading. Consensys stated that deposits enter smart contract vaults managed by Veda and curated by Steakhouse Financial, with Morpho as the initial lending destination and Aave markets to follow. Within Jupiter Wallet, Auto-Earn documentation outlines automatic deposits of individual stablecoins into Jupiter Lend earning vaults. Meanwhile, Phantom continues to charge a 0.85% fee on most swaps, while MetaMask lists a 0.875% fee.

Gasless Tools and Transaction Protection

Gasless swap features allow wallets to deduct network costs directly from the tokens being traded when users lack native assets. MetaMask supports this on Ethereum, BNB Smart Chain, Linea, Base, Arbitrum, and Polygon. Jupiter and Phantom offer similar gasless transaction tools on Solana and compatible networks under specific conditions. To counter transaction-ordering risks, MetaMask and Jupiter incorporate private routing and execution protection mechanisms.

Key facts

• MetaMask launched its Money Account on Monad on June 30, supporting mUSD stablecoin conversions.
• Phantom charges a 0.85% fee on most swap transactions within its application.
• Jupiter Wallet's Auto-Earn feature deposits selected stablecoins into Jupiter Lend vaults.
• Gasless swap options deduct network fees from the traded tokens rather than native asset balances.