Dwill
Recovery is possible now !
The problem Dwill solves
We live in a web3 world today, where the decentralisation of the systems has served as a blessing on multiple occasions, for instance, Ukraine migrants could easily access their crypto funds even after moving from their country which was not possible with centralised banks but as great as this system is, there are some flaws that have been left untackled and can adversely affect the people involved.
One such flaw is what we aim to solve.
The flaw is a LACK OF A RECOVERY SYSTEM of assets from decentralised wallets/exchanges and there is absolutely no way to recover them should you lose your private key.
That's where Dwill comes in.
We transfer all funds to the recovery account provided by the user while creating the lock.
Details we need :
- Public address of recovery account
- Time by when transfer should happen if we find it inactive , Inactivity : Tranfer made by user's account.
This solved both the cases :
A. If unfortunately something happens to the user
B. If user forgets the password
Challenges we ran into
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We had a tough time finding a better environment to complete the frontend side to make it more feasible to link it eventually but we end up finding thirdweb
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It took us a while to define the right logic to consider all cases of inactivity but we realise that the best way to go ahead with it to consider time of inactivity and letting user define the duration
Tracks Applied (7)
Worldcoin
Worldcoin
Biconomy
Biconomy
Hyperlane
Hyperlane
Connext
Connext
Instadapp
Instadapp
The Graph
The Graph
Metamask Snaps
Infura
Technologies used