Mostly everyone have used Safe's Multisig in Web3 but one issue with it is that it can only be deployed on Single chain.
-> Let's say one user has funds on Optimism and one on Polygon so in this case they can't create a multisig in which widthrawl requires permission of both parties.
-> Safe-X solves this issue using Hyperlane's Queries API.
How it is made :
->So firstly a user will create a safe with two signers,one himself(by default) and one from another chain(Avax,Mumbai,Sepolia).
A unique safe Id will be assigned to this safe . Eg(10).
-> The second user can sign a transaction of Approval from his chain with the Safe Id provided and that approval will be recorded on the base contract using
Hyperlane's Query Api.
-> For widthrawl we are checking if both the owners of the safe have accepted transaction or not.
-> The user can store USDCs in the contract and further for widthrawl it can provide the address,safeId and ChainId to which the USDCs needs to be
transfered.
-> Using Circle's CCTP we are burning USDC on base chain and minting USDC to the specified address and Chain .
-> After the widthrawl we are resetting the signing status of the safe,for new widthrawl,both users needs to sign again .
Transfer token from one chain to another.
Tracks Applied (2)
Push Protocol
MetaMask
Technologies used
Cheering for a project means supporting a project you like with as little as 0.0025 ETH. Right now, you can Cheer using ETH on Arbitrum, Optimism and Base.
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