Cactus Custody™, the qualified institutional digital assets custodian service provider of Matrixport, today announced the integration of Tenderly’s transaction simulator with its decentralized finance (DeFi) platform to provide users with additional visibility into their intended transactions before executing them on-chain.
With the integration, investors will gain insights into the predicated outcomes of transactions by simulating the transaction against a copy of the latest Mainnet and blockchain data. Builders utilizing the Cactus Custody™ infrastructure will also benefit from enhanced testing capabilities, which increases visibility into failures, errors, and gas consumption issues, ensuring the robustness and reliability of their smart contracts.
Wendy Jiang, Head of Cactus Custody, said: “Tenderly’s transaction simulator sets a new standard in transaction execution, providing immense value to our diverse user base with varying levels of DeFi expertise. As a pioneer in institutional DeFi custodial services, we are dedicated to empowering users to navigate DeFi safely at an institutional level. This enhancement represents another layer of safeguards within the Cactus DeFi ecosystem that empowers users to mitigate operational and financial risks when using Defi via Cactus.”
The collaboration between Cactus Custody and Tenderly represents a significant step towards enhancing DeFi transaction safety and user confidence, underscoring Cactus Custody’s unwavering commitment to the advancement of the DeFi ecosystem while prioritizing user security and empowerment.
About Tenderly
Tenderly is an all-in-one Web3 development platform for building, testing, monitoring, and operating smart contracts from inception to mass adoption. It provides Web3 developers with superior development experience by combining essential tooling with observability and infrastructure building blocks. Tenderly allows smart contract developers to accelerate their process, improve team velocity, and build more reliable products faster. Founded in Belgrade, Serbia 2018, the company has a multi-continent presence, including an office in San Francisco. Tenderly is funded by Spark Capital, Accel, PointNine Capital, Abstract Ventures, Coinbase Ventures, Uniswap Labs, Daedalus, and angel investors. For more information, visit www.tenderly.co, the Tenderly blog, Twitter, and LinkedIn.