SafePal and 1inch Team Up for Hardware Wallet Giveaway to Boost DeFi Security

SafePal and 1inch are collaborating to distribute 300 co-branded hardware wallets to active DeFi users. The giveaway aims to reward self-custody-focused participants and promote DeFi security best practices. This move comes as decentralized exchanges gain popularity, accounting for 30% of global crypto spot trading volume in June. SafePal is expanding its product line, and 1inch is reaffirming the importance of self-custody in DeFi.

Crypto wallet provider SafePal and decentralized exchange (DEX) aggregator 1inch have announced a free hardware wallet giveaway, targeting active decentralized finance (DeFi) users. The initiative aims to reward self-custody-focused participants and promote DeFi security best practices [1].

The program will distribute 300 limited-edition, co-branded hardware wallets to participants who use 1inch within SafePal’s mobile wallet swap aggregator. Unlike conventional token airdrops, which are often gamed by automated bots and opportunistic users, this campaign targets committed, self-custody-focused participants [1].

SafePal CEO Veronica Wong stated, "Token airdrops tend to inflate metrics without long-term engagement. Walletdrops like this favor DeFi-native users and reinforce security best practices." This move comes as decentralized exchanges gain ground, accounting for a record 30% of global crypto spot trading volume in June, according to The Block [1].

SafePal is expanding its product line by upgrading the hardware wallets’ security chips and adding new blockchain integrations. It also introduced SafePal Mini, a Telegram-based wallet, and revamped its yield aggregator with staking support for networks like Solana [1].

For 1inch, which connects to both decentralized and centralized liquidity sources across over 200 blockchains, the partnership doubles as a push to reaffirm the importance of self-custody in an industry still reeling from past centralized exchange failures. 1inch co-founder Sergej Kunz noted, "As DeFi scales, reinforcing user-owned asset management is critical" [1].

References:
[1] https://www.coindesk.com/business/2025/07/14/safepal-and-1inch-to-give-away-hardware-wallets-to-boost-defi-security
[2] https://finance.yahoo.com/news/safepal-1inch-away-hardware-wallets-090000463.html