The Best Wallet for Compound
Linen Wallet is the most secure wallet for Compound. Say goodbye to lost seed phrases, phishing scams, and exchange hacks—there is a better way to store your COMP.
What Is Compound?
Compound is a decentralized borrowing and lending protocol on the Ethereum blockchain. Compound aims to bring an open-source, transparent, and decentralized financial ecosystem to users. The protocol allows users to earn interest on their crypto holdings, or borrow against them.
Compound does not require a central authority, such as a bank, to control or oversee the protocol. This decentralized nature also makes Compound more secure, as there is no central point of attack.
The protocol is also permissionless, meaning that anyone can use it without having to go through a third party or get approval from a centralized entity. COMP is an ERC20 token that is used to govern the Compound protocol. COMP holders can vote on proposals to change the protocol, such as adding new assets or changing interest rates.
Linen Is the Most Secure Compound Wallet
Linen's Compound wallet is powered by Gnosis Safe’s smart contract, the gold standard in crypto security. For years, crypto funds and whales have been using it. For the first time, everyone has now access to the same security with the simplicity of a mobile wallet
Of Assets Secured1
Bug Bounty Program
How Does It Work?
“We need a wallet that satisfies three key criteria: no single point of failure, low mental overhead, maximum ease of transacting.”
Vitalik Buterin, Etherum Co-Creator
Contrary to other wallets, Linen's COMP wallet is secured using 3 private keys. You lose one? You can still access your wallet. Someone steals one? They still can't access it.
Simple Keys Management
One key is stored in your cloud, one in your mobile device, and one in Linen Wallet’s secure server infrastructure.
Seamless Wallet Recovery
Seamlessly recover your mobile wallet using your cloud drive, email, and phone number.
Why Linen Wallet?
We don’t have a desktop version yet but we can consider developing it if enough users are interested. In the meantime, give the mobile wallet a try!
We haven’t yet developed this because we believe the current multi-key wallet setup already offers bulletproof security. However, we can consider working on it if enough users are interested.
The android wallet is coming later this year. You can join the waitlist to be the first to know!
Your wallet app is protected with a pin or with Face ID so no one can use it without your consent. Furthermore, your mobile wallet is secured using 3 keys, and 2 out of 3 are required to recover your wallet. So even if you lose your mobile device, you can seamlessly recover your wallet using your phone number, email, and cloud drive.