The problem 💀 Memento Mori solves

💀 Memento Mori

What happens to your crypto when you die?

It’s tough to think about death, but it’s essential to plan for your future.

Thats why were building Memento Mori: a concept in philosophy - a reminder that we’re all mortal, and will die.

Existing will and recovery options in crypto are flawed:

• Require using a centralized intermediary to send crypto to your heirs
• Split your private keys across multiple people: creates a stalemate where heirs are incentivized to not share their part of the private key before another

We need a system that is structured like traditional trusts: something proven for nearly a thousand years.

• If person found still alive, ownership is kept
  • Funds not transferred to heirs, rather held in the trust
• Person can configure how trust is used - not blindly giving money to hairs
  • ZK verification of what funds are used on
  • timed release of funds (like standard trust)

How it Works

1. Trust funder creates trust
   • Submit information on beneficiary (name, password, how funds should be used, when can be claimed, proof of death requirement, etc) (⭐️ Name + PW are proofs w Hyli)
2. Trust funder shares trust link with Beneficiary
   • Beneficiary should keep trust link and secret password somewhere safe
3. Upon death, Beneficiary can claim funds
   • Log in w ZK Passport, verify identity (⭐️ using ZK Passport + Hyli)
   • Verify secret password (⭐️ compaired w prior proof w Hyli)
   • Can submit proof of death
   • Can then withdraw funds if all conditions met

Sponsors

• Hyli
• ZKPassport

Features

• Trust fund setup with funds stored in the smart contract and custom set of programmable instructions for the will
• Initiating social recovery using:
  • ZKPassport proofs to verify Beneficiary is who they say
  • Secret password previously generated by trust creator and given to the trust beneficiary on Hyli, Beneficiary name also stored in hash, compared with ZK Passport identity to authenticate beneficiary

Challenges I ran into

Devfolio

• We could not add my team member Daniel!!! We are two people working on this project.

Hyli

• Some issues w setting things up on M1/M2 chip computers. Team was able to resolve promptly.
• Testnet down. We were trying to deploy but had issues for some time. In end was not required to deploy there - could have been better communicated from team.
• Testnet requires invite code for users - wasn't communicated well.

ZK Passport <> Hyli

• They use different proof types. Made using both together complex.