SAFE VAULT
Trustless Self-Custody Safe for EVM BlockChain
Trustless
SafeVault does not have any centralized cloud that stores your merkle trees, and has no 3rd party reliance. Everything is on IPFS and Ethereum. Anyone can self-host Vault on their own.
Good News vs Bad News
Good News : You can "host" your deposited funds (ETH and ERC20 assets) trustlessly, SAFE VAULT solving the two main pain points: private key stolen and forgotten
Bad News : Since only the vault owner' wallet has the right to withdraw，and Guardian key is backup method, If your Guardian key is lost too, your money cannot be withdrawn temporarily unless some day you retrieve the owner‘s wallet key or Guardian key/mnemonic.
SAFE VAULT
Next
Based on the community-led open ecosystem, providing universal, independent, scalable, and open Web3.0 SafeVault API standards and services, we are waiting for the ethereum Account Abstraction and ERC-4337 proposal to be mature, and will gradually introduce MPC technology.
99.99% Safety Improvement
Comprehensive analysis shows that the application of Safe Vault is 99.99% safer than general hot wallets; but for 100% fund security, we still recommend that you: protect the security of the wallet private key or mnemonic phrase.