AEZ QF Round 3 Funding Announcement - Chain Abstraction Tools Accounts
Amount Matched: $1,700
Status: Complete

Chain Abstraction: Tools & Accounts – Round 3

This grant was approved through the Quadratic Funding (QF) program. The Atom Accelerator DAO contributes $20,000 USDC to the matching pool for each round of the QF program, and this page states the amount a project received from our allocation. Any amount contributed from the matching pool to this particular project is based on public voting and contributions. As such, AADAO is neither endorsing nor otherwise indicating support for this project. Learn more about the Quadratic Funding program. Some projects might have also been funded through another of our funding programs. View our FAQs on how we deal with potential double-funding.

We are building infrastructure that allow applications to solve account abstraction and customise the experience any way they want for the novel interesting use-cases

Accounts

Instead of storing all you DeFI positions and NFT holding in one single wallet embrace the concept of (mini) accounts

  • Spotify creates an account for you to keep track of your music liking
  • IMDB creates an account for to follow what movies & shows you like
  • X creates an account that keeps track of people and topics that is interesting to you

You can sign-in in all of these service with your email or Google but they don’t store all this information related to their services on you big Blob Email ID.

Why are we keep doing it with our wallets? Creating a new Account for each Dapp makes it

  • More secure
  • More private
  • More fun

What we are doing

Standards

Our repository contains new standards for:

  • Signing in with you accounts
  • Interaction with accounts
  • Creating and keeping of accounts (on-chain)

Libraries

Our authentacation library has data structures, verification logic and other utilities for simplifying life for future account applications.

The list of credentials we verify:

  • Ethereum (EVM) personal sign
  • Cosmos Arbitrary (036)
  • Passkeys / Webauthn
  • (WIP) JWT / Oauth / Social Sign
  • Secp256k1 / Secp256r1 / Ed25519 Curves

[Future] Integrate with other enterprise solutions like Abstract SDKVectisNomosObi and others for enhanced security and other cool features

Applications

Proxy Accounts

Onboard users who only have a MetamaskPhantom or other non-native wallet to your Cosmos (Cosmwasm) application

  • Create a proxy account in form of a smart contract with native address
  • Store DeFI, NFTs and other positions on the proxy account
  • Only allow withdrawals and other operations provided an Ethereum, Solana or other signature
  • Make the proxy accounts reusable for all other dapps thanks to the on-chain registry

Token-Bound Accounts

  • Have accounts linked to Non-Fungible Tokens
  • Allow any existing or future NFT to get its own address
  • Allow your token to hold balances or even other tokens
  • Create a concept of tradable account allowing you to sell any bulk of assets or positions
  • Protects against cheating on Marketplaces

Many [Dapp] Accounts

Custom account contract using unique features of various networks and existing applications. For example:

  • x/abstract-account by larry0x and Xion / Burnt-Labs
  • x/smart-account by Osmosis (Labs)
  • x/cwfees and x/rewards by Archway / Phi Labs
  • various IBC (and other) integrated modules by Neutron and more

About MegaRock Labs
Visit their Twitter profile Visit their website Visit their Github

Libraries, Standards, Tools and new generation of Dapps solving UX issues and onboarding users to Web3

Current Status: Complete
Funding Program: Quadratic Grants
Funding Category: Interchain Public Goods

Amount Matched: Amount we contributed to this project through the matching pool. ATOM converted to USD value. $1,700
Amount Paid: $1,700

QF Round Start: Date when the QF round started. We consider this to be the 'Date Applied' Aug 15, 2024
QF Round Complete: Date when the QF round ended and this grant was considered approved Aug 30, 2024 (2 weeks)
Date Complete: Aug 30, 2024

Payments Made: View the DAO DAO prop on our Grants Wallet or Mintscan of the transaction $1,700 (Sep'24)

Latest Approved Funding

Passage: Supercharging ATOM usecases in the metaverse
In Progress

Passage: Supercharging ATOM usecases in the metaverse

Team: Lex Avellino
Approved: Oct 09, 2024
Amount: $75,000
Archive Node for the Cosmos Hub
In Progress

Archive Node for the Cosmos Hub

Team: CryptoCrew Validators
Approved: Oct 09, 2024
Amount: $12,000
Cosmos Hub as Co-Host of Flixfest’24
In Progress

Cosmos Hub as Co-Host of Flixfest’24

Team: OmniFlix Network
Approved: Oct 09, 2024
Amount: $6,000
Cosmos Hub @ DevCon 7
In Progress

Cosmos Hub @ DevCon 7

Team: Miwa Events
Approved: Oct 08, 2024
Amount: $29,454