Rabby: A DeFi-Focused MetaMask Alternative
Rabby was designed to meet the needs of DeFi from the ground up. One place this becomes obvious is in its multi-chain functionality.
The wallet allows users to manage multiple chains simultaneously without the hassle of switching between them. This feature addresses the common inconvenience faced by DeFi users in managing different chains.
Setting Up and Using Rabby
Setting up Rabby is straightforward. Users can either create a new address or import an existing one, such as from MetaMask. Rabby supports various hardware, mobile, and institutional wallets. A password is required for initial setup to encrypt locally stored data. Upon importing an address, Rabby automatically displays all tokens across EVM chains and provides a comprehensive balance overview.
When setting up Rabby you can choose to connect a hardware wallet. Rabby will act as an intermediary while your hardware wallet stores your private keys (and therefore funds).
Transitioning from MetaMask to Rabby
For users transitioning from MetaMask, Rabby offers an easy switch. If MetaMask is detected as the active wallet, users can simply select Rabby as their preferred choice. This switch is facilitated by the “Flip” button in the extension, allowing access to all dapps supported by MetaMask. The extension also provides a convenient way to toggle between different wallets.
Other Rabby Selling Points
Rabby has a few other features that make it stand out versus other web3 wallets:
Widely Used: Most DeFi platforms will allow you to connect with Rabby. This is extremely important for a wallet, especially if you want to access newer chains.
Works Well With Ledger: As of 2023 MetaMask has caused issues for many Ledger users, forcing them to find other solutions. Rabby is a good all-around alternative, especially for chains Ledger Live hasn’t adopted yet.
Transaction Understanding: Rabby provides an enhanced transaction signing experience. It displays detailed information about each transaction, helping users understand the contract operations they are approving. This feature aims to reduce the risk involved in signing complex transactions. This is useful if working with new coins and farms.
Security Features: Rabby incorporates a pre-transaction risk scanning system. This system analyzes each transaction for potential security risks, alerting users about any detected vulnerabilities. This proactive security measure is part of Rabby’s commitment to protecting user assets.
User Experience: The wallet is open-source and decentralized, focusing on simplicity and core functionality. Rabby’s design ensures ease of auditing and enhances user safety. It does not involve itself in constructing transactions, maintaining its role as a neutral facilitator.
Privacy Considerations: Rabby adheres to strict privacy protection principles. It limits the amount of user information uploaded and ensures sensitive data remains secure. This approach underlines Rabby’s commitment to user privacy.
Additional Features: Rabby introduces a “Watcher Mode” that allows users to explore its features without importing private keys, offering a risk-free way to experience the wallet.
TIP: See a list of Rabby-supported MainNets.