True Ownership

Generally non-custodial means that the user is in full control of their assets and the service provider provides little to no server-side solution. The private key is stored encrypted in the user's device and is not transferred out of the device.

The wallet service provided by DEFED extension is non-hosted. Therefore, users can be assured that your private key will not be stored in any form outside your device. Also, the smart contracts of DEFED are audited by 2 auditors for security.

In addition, DEFED will also open source the code related to the contract. The user's deposit in DEFED is also not controlled by DEFED, the smart contract guarantees the user 100% control over their deposit. While automatically earning interest, users can use the balance in DEFED as they would their own wallet balance.