HEIMDALL

Safe and Manage Your Digital Assets with Fully Compatible EVM

Comment

Inspiration

Inspired by Gnosis-Safe, we build on evmos network

What is Heimdall

Heimdall is the platform to manage digital assets on evmos that is controlled by one or multiple owners.

Most crypto users for example those who own EVMOS are used to a single key wallet, often referred to as an externally owned account (EOA). Examples include MetaMask These accounts are secured with 12 word “seed phrase”, which can be transformed into a private key for the user. If that private key is compromised in any way, the funds can be stolen.

If your project comprises of more than 1 person, an externally owned account is not a secure way to manage your business’s crypto funds If an employee goes rogue or is careless with the private key, the funds are gone forever. Even if your business is made up of just yourself, I’d argue it’s still a poor way to manage funds. So, what is the better solution?

Enter the Multisig of Heimdall. Heimdall is a smart contract wallet running on a EVMOS Blockchain that requires a minimum number of people to approve a transaction before it can occur (M-of-N). If for example you have 3 main stakeholders in your business, you are able to set up the wallet to require approval from 2 out of 3 (2/3) or all 3 people before the transaction is sent. This assures that no single person could compromise the funds.

On top of that, Heimdall gives you complete self-custody over your funds. There is no risk of a bank giving you a hassle for running a crypto business and the smart contract that is deployed is completely trustless and in your control.

Here's an overview, comparing the Safe to other digital asset storage solutions: Compare Solutions

How built it

Open the Heimdall app directly or follow the instruction on https://github.com/HEIMDALL-EVMOS

Challenges we ran into

time limitations because we started building the app from August 30th and Api system is so complicated that it is difficult to launch its

Accomplishments that we're proud of

We designed a web UI, side projects, and service transaction. we are proud that this project can be useful in solving problems for all people

What we learned

Our plan is to first build a strong and secure foundation, so what we build is really protocol, service, secure, and easily

What's next for HEIMDALL

  • Integrations Api from staking evmos, so from the contract and app heimdall can staking evmos easily
Share this project:

Updates