Rabby

Rabby is a software wallet (SW) that works as a browser extension. As the DeFi world is expanding rapidly, the team behind DeBank has decided to create a wallet that will swiftly respond to the needs of the DeFi community.

Founded in 2021, Rabby is a wallet that is aimed mainly at the Ethereum and EVM chains. The main goal of the developers is to create a better extension wallet for DeFi users. It is a non-custodial, decentralized and open-source wallet, audited by a company called SlowMist.

So far, it is available on Chrome or Brave browsers, but the Firefox and Edge versions of the wallet should be available soon. Developers are also working on a mobile app. Rabby supports all dApps that the more well-known software wallet MetaMask supports, as well as connection with many hardware wallets (such as Trezor and Ledger), institutional wallets and mobile wallets.  

The main advantage of Rabby is its design for multi-chain scenarios and working with dApps. The developers are taking care of security by creating a pre-transaction risk scanning. This means that if anything suspicious occurs,  the wallet will show you messages like “security risk”, “the recipient address does not exist”, and other alerts. Furthermore, the app shows you your estimated balance change after a transaction.  It also automatically switches to the corresponding chain when you are interacting with the  site you are visiting.

In January 2023, the wallet supports 44 chains (including Avalanche, Evmos, Kava, BNB Chain, Dogechain, Polygon and Ethereum). It is expected that the list of supported chains will expand in the future.

You can find the list of supported assets on the official website.

When downloading the browser extension, be sure to do it only from the official website. Also, do it only in a secure environment in which no one is watching your computer screen. Write down your seed, preferably on a piece of paper or metal plate, and never put it onto an electronic device as someone might be able to  steal it.

Before putting any money in your wallet, conduct proper research as you are responsible for everything you do in the crypto world. Never invest more money that you can afford to lose.

Rabby is a promising project that looks like it will have a bright future. As it was only founded in 2021, it does not have many users (only 40,000 on Chrome at the time of writing this article, Jan, 2023). But despite that, the developers are active and if you have any problems, they are very helpful on their Discord server.

The security is provided by an open-source code that is available online. Credibility is provided by the fact that the team behind the wallet is the same as the DeBank portfolio tracker.

Even so, I would still be conservative when putting large amounts of money into the wallet. As I mentioned above, the wallet does not have many users yet and the whole project is in its infancy. The developers are doing a great job and working on a lot of new features. Hopefully, they will keep it up and Rabby will become as trustworthy and popular as MetaMask.

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