By controlling a smart contract holding funds, users can recover accounts without seed phrases, set transfer limits, and utilize multi-signature transactions. Wanna know more about Smart Contract Wallets? We've got you! 🔽
Better User Experience
User experience is one of the key factors determining whether users will adopt a new technology or service. DeFi particularly struggles with providing a good user experience, often confusing and frustrating users, especially beginners. Due to the composability of smart contracts, smart contract wallets canby providing an ecosystem of modules that users can interact with directly in their wallet.
All of these factors can help boost DeFi adoption by attracting new users to DeFi, increasing the confidence of current users, and fostering innovation and collaboration across DeFi DApps in different blockchain ecosystems.As smart contracts are essentially code written by humans, they can contain errors, bugs or vulnerabilities. They are also exposed to operational risks or reliability issues.
. Account abstraction allows users to use smart contracts as their primary accounts instead of externally owned accounts that require private keys. ERC-4337 allows users to use smart contract wallets without having EOAs or private keys.. Thanks to ERC-4337, wallets are able to take on much more innovative and intuitive designs. Features such a multi-feature authentication, unique wallet recovery methods and automatic payments can easily be implemented with ERC-4337.
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