Ambire has announced the launch of a new browser extension that supports the EIP-7702 protocol and offers new features for Ethereum users.
Features and Capabilities of the Extension
The Ambire extension allows users to pay gas fees in stablecoins and other tokens, removes the need for token approvals, and provides smart account functionality with a user-friendly interface. Users can retain their existing addresses while accessing new features like transaction batching and gas abstraction.
Comments from Ambire Management
Ambire CEO Ivo Georgiev stated, "EIP-7702 is an inflection point for our industry: it lets us bring smart account capabilities directly to existing wallets without friction." He added that the architecture of the extension makes standard addresses as powerful as smart accounts.
Security and Performance
The Ambire Extension offers a security-first architecture, including transaction simulation, scam app detection, and independent audits. It operates without reliance on third-party APIs, ensuring high availability and privacy. The user interface displays asset balances and allows users to manage dApps without manual chain switching.
The launch of the Ambire Extension signifies a step towards enhancing the user experience in the DeFi space, providing advanced features without compromising on usability and security.
