Founders

I'm pleased to announce to the world something I've been waiting close to 7 years to release with @hedgehog: on-chain, self-custody digital asset wallets that use secure multi-party computation ("MPC") to trade automatically in the background!

Hedgehog is a registered roboadviser that allows investors to easily create and maintain a diversified crypto portfolio.

I'm pleased to announce to the world something I've been waiting close to 7 years to release with @hedgehog: on-chain, self-custody digital asset wallets that use secure multi-party computation ("MPC") to trade automatically in the background!

https://www.youtube.com/shorts/B4feHLdcZyM

Before I talk about some of the challenges we’ve faced to get here, I want to share some key benefits:

The wallets are self-custodial, which means if our business ends, your wallet lives on, no migrations or deprecations required. Pick up your MPC shards and reconstitute the key, or Snap into @metamask!

Metanations
🎩 Co-founder degen.tips
🦔 CEO hedgehog.app,
🍊 YC S21 orangedao.xyz,
🌐🔗🌎 #027 kong.land,
prev 🌱 acorns.com

Being close to the private key entropy of your wallet means we can generate signatures and addresses for any ECDSA-compatible chain. Unlike EVM-based smart contract wallets, our MPC wallets are easily expandable to support IBC  ecosystem, Bitcoin L2s, Doge, and many more.

Our dear friends at @usecapsule are powering the MPC, so between us you have adjustable capabilities regarding what permissions to provide and which types of transactions third-parties can co-sign; and you can withdraw third-party access at any time!

Pretty cool, right? And this is only the beginning, our goal is to slowly decentralize out to networks of key hosts and registered solvers that plug into the relevant jurisdictions to ensure that everything is above board from a compliance perspective, and to make interacting with web3 simpler.

The last three years haven’t been easy. Since our S21 YC batch, we raised a round of capital and immediately jumped into a very scary time for web3. 3AC imploded, FTX defrauded its customers, Terra Luna collapsed under TUSD—if you were tied to any of these firms, your business probably fell to the contagion.

To make matters worse, suddenly the fundraising environment became adverse with the slow fade of COVID-era interest rates and their coincident ZIRP.

While we lucked out with our choices of partners, we did not escape unscathed. In Jan 2023, our banking partner withdrew from our program unexpectedly.

Apparently the Fed & OCC had released a letter asking chartered institutions to stop business with crypto companies. Shortly thereafter, Silvergate, Signature, & SVB were all declared insolvent and the FDIC had to increase its insurance limits...

Apparently the Fed & OCC had released a letter asking chartered institutions to stop business with crypto companies. Shortly thereafter, Silvergate, Signature, & SVB were all declared insolvent and the FDIC had to increase its insurance limits...

https://x.com/cadillion/status/1790981624479535130

You can read more at the above article, or download the app and try it yourself at https://hedgehog.app!

We appreciate any and all feedback.

Aurarchitect for /opacity --
host of vibe check podcast 
▶️ https://pods.media/vibe-check
❄️ icebreaker.xyz/dawufi
👀 seemore.tv/free/fc/dawufi

That's the main initial feature! Just create a custom stack on a network supported by the Capsule wallet, deposit ETH to the wallet, and we'll rebalance within the hour. 

You can also trigger rebalances manually, if you get impatient. 

Let us know if you have any trouble!

This is hype AF. Any plans for auto rebalancing?

Feels like we’re entering the time where wallets finally shine!