DeGate
DeGate (KEY GROUP)
DeGate is a self-custodial multichain wallet with intent-based cross-chain swaps (you state "buy X with Y" and solvers find the route, with no bridging and no gas token), plus USDC yield and 24/7 tokenized stocks/RWAs. Swap fees are low and transparent (0.01% on stablecoins, 0.1% on native assets, 0.25% on other tokens, 0% on xStocks) and funds stay fully self-custodied, with no KYC. The main drawback is continuity and scale: in June 2025 the team sunset its original ZK-rollup order-book DEX to pivot to this wallet, and some high-APY Earn features are promotional and whitelist-gated.
Data & conditions
| Fund custody | Self-custody (funds in your control) |
|---|---|
| Type | Software (hot wallet) |
| Source code | Partly open-source |
| Recovery | Self-custody; accesso via wallet esterno (MetaMask, WalletConnect, Ledger) o email con embedded wallet Privy |
| Supported chains | Bitcoin, Ethereum, Solana, BNB Smart Chain, Base, Arbitrum, Optimism, Avalanche, Aptos, Polygon, Sonic, xLayer, Monad, Linea, Worldchain |
| Built-in swap | Yes |
| Built-in staking | Yes |
| WalletConnect | Yes |
| Hardware wallet support | Yes |
| Security audits | Secbit — audit completo smart contract + circuiti ZK (DEX order-book legacy), Adevar Labs — LP Handler Solana / Turbo Range (marzo 2026), issue High/Medium risolte, Bug bounty storico da $1,11M su Immunefi |
| Regulator | None |
| OAM Italy registration | No |
| Segment | B2C |
| Past incidents | June 2025: the original ZK-rollup order-book DEX was sunset (pivot to a multichain wallet + cross-chain swap); funds remained withdrawable — not a hack or a freeze. · Some high-APY Earn features were limited to whitelisted addresses (2025). |
| Funding / solidity | Built by KEY GROUP (founder Bin Lu, "Gulu", in crypto since ~2011), the same team behind MYKEY and BIHU. ~$13M raised in 2021 (Initial Uniswap Offering + LBP). DG token and governance via Home DAO. |
| MiCA / License status | None (wallet self-custodial, non-custodial) non-custodial, permissionless wallet |
Strengths
- Full self-custody, no KYC, permissionless: funds never leave your control.
- Built-in cross-chain swaps across 15+ chains with no bridging, low transparent fees (0.01%–0.25%, 0% xStocks) and a gasless experience.
- Third-party audits (Secbit, Adevar Labs) and a historic $1.11M bug bounty; no known hack; USDC yield and tokenized stocks from the same wallet.
- Self-custody: funds stay in your wallet — the platform cannot touch them.
- No KYC: usable without identity verification.
- Funds cannot be frozen: no authority can block your balance.
- No on-chain screening: funds are not profiled or blocked by origin.
- Public security audits.
Weaknesses
- Abrupt pivot: the original ZK-rollup order-book DEX was sunset in June 2025.
- Advertised APYs (up to 100%+) are promotional and risky; part of Earn is whitelist-gated; thin team transparency and small current scale.
- Subject to regulation (non-custodial, permissionless wallet): reporting to authorities and freezes on order.
Verdict
For the protection-seeking user the score reflects the absence of any institutional safeguard: no regulator, no deposit guarantee, keys and responsibility entirely on the user. The June 2025 pivot (sunsetting the order-book DEX) should be weighed as a product-continuity signal, as should the fact that the highest Earn APYs are promotional and not guaranteed. The grade stays high for technical robustness — third-party audits, no known hack, genuine self-custody — but this is not a tool for those seeking bank-grade guarantees.
On the sovereignty axis DeGate is worth a lot: it is a fully self-custodial wallet, with no KYC and permissionless access, that builds in cross-chain swaps across 15+ chains with no bridging and low, transparent fees (0.01%–0.25%, 0% on xStocks). Funds never leave the wallet, there is no discretionary freezing, and the gasless experience lowers friction without giving up control. The code is only partly open source and current scale is small, but for those who want to custody and trade assets while owning their keys it is a genuine benchmark.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is DeGate custodial or self-custodial?
DeGate is a non-custodial self-custody wallet: funds stay in your wallet and under your control, not on an exchange. No KYC is required and it is permissionless. You can sign in with an external wallet (MetaMask, WalletConnect, Ledger) or via email with a Privy embedded wallet.
How much does a swap from the DeGate wallet cost?
Swap fees are tiered by asset type: 0.01% on stablecoins (USDC/USDT), 0.1% on native assets (BTC, ETH, SOL, BNB…), 0.25% default on other tokens, and 0% on xStocks tokenized stocks on Solana. The experience is gasless: you don't need to hold the chain's gas token.
Which blockchains does the DeGate wallet support?
The docs list 15+ chains — including Bitcoin, Ethereum, Solana, BNB Smart Chain, Base, Arbitrum, Optimism, Avalanche, Aptos, Polygon, Sonic, xLayer, Monad, Linea and Worldchain — with cross-chain swaps and no bridging (marketing claims "10M+ tokens across 17 chains").
Is DeGate still an order-book exchange?
No: the original ZK-rollup order-book DEX (zkSNARK-based, a fork of Loopring's contracts, with an L1 forced-withdrawal escape hatch) was sunset on 25 June 2025. Today DeGate is a self-custodial multichain wallet with intent/solver cross-chain swaps, USDC yield and tokenized stocks.
Has the DeGate wallet been audited and does it have a token?
Yes: contracts were audited by third parties (Secbit on the legacy DEX, Adevar Labs on the Solana LP Handler in March 2026) and a $1.11M Immunefi bug bounty existed in the past; no hacks are on record. There is a DG token (ERC-20) used for governance via Home DAO.
Sources
- Official service page Custodial · Blockchain Data verified on Jul 8, 2026
- docs.degate.com Swap integrato · Blockchain · Gasless Data verified on Jul 8, 2026
- etherscan.io Supply Data verified on Jul 8, 2026
- l2beat.com Data verified on Jul 8, 2026
Show 2 more sources
- medium.com Data verified on Jul 8, 2026
- messari.io Earn · Azienda info Data verified on Jul 8, 2026
Update history
- Card created and classified as a self-custodial (software) wallet. DeGate today is a multichain wallet with cross-chain swap, yield and tokenized stocks (formerly a ZK-rollup order-book DEX, sunset in June 2025).
🔔 Notify me of changes
If you sign up from here we earn a commission, at no extra cost to you. It doesn’t change the rating: we tell you so you can check us.