101 sats \ 4 replies \ @k00b 6 Oct 2023
What are smart vaults (for someone who might not know)? đ
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1903 sats \ 2 replies \ @mgravitt OP 6 Oct 2023
Smart Vaults are miniscript-based, P2TR Bitcoin wallets that use Nostr to coordinate metadata and PSBTs. Users create a single âaccountâ (mnemonic) with the mobile app, and that key is used for both Nostr events and Bitcoin transactions.
You can invite other users to participate in collaborative custody vaults.
There are vault templates for decaying multisig, social recovery, and others, and thereâs also an advanced miniscript policy builder using drag-and-drop shapes.
Since we use P2TR, we can technically support multisig wallets up to hundreds (prob 999) signers. When we launch the main net app, we want to set the record for the Worldâs Largest Human Multisig and submit the results to Guinness.
The desktop app and SDKs are open source : https://github.com/smartvaults/smartvaults
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0 sats \ 1 reply \ @luxbock 7 Oct 2023
Is the idea that Nostr is used strictly for some functionality such as cross device login, or that someone might actually tie their public Nostr identity to the same keys they use for their wallet for pseudonymous financial collaboration?
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280 sats \ 0 replies \ @mgravitt OP 7 Oct 2023
I think there's an enormous opportunity in an "open network" of cosigners. Co-signers-as-a-service can offer their services and users can decide which cosigners to subscribe to based on security, speed, trust, and other criteria.
Unchained recently launched a "enterprise custody network" where they choose the cosigners. The Smart Vaults network can achieve similar outcomes without the counterparty in the middle deciding who can and can't serve as a cosigner.
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181 sats \ 0 replies \ @WeAreAllSatoshi 6 Oct 2023
Asking for a friend
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100 sats \ 0 replies \ @davidw 7 Oct 2023
Congrats, I really like your QR code sign in method. Hope it becomes the standard
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0 sats \ 2 replies \ @BlokchainB 7 Oct 2023
I see this i immediately think of inheritance
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50 sats \ 1 reply \ @mgravitt OP 7 Oct 2023
We have a vault template for inheritance that is configured with an absolute time lock (unlocks on a specific day) and a set of keys that can recover in the case of death. If the user is lucky enough to live past the time lock, they create another one before the first expires.
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0 sats \ 0 replies \ @BlokchainB 7 Oct 2023
Sounds awesome
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0 sats \ 0 replies \ @brave 7 Oct 2023
Smart Vault sounds like a DeFi staking pool
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0 sats \ 0 replies \ @ladyluck 7 Oct 2023
Intriguing to see what becomes of this smart vaults
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0 sats \ 0 replies \ @mgravitt OP 6 Oct 2023
Join the Smart Vaults telegram channel to share npubs or for support here: https://t.me/+I3B8_4tz7sMwZjVh
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