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Ben Adamsky π
@ba
Seeing a lot of debate on smart wallets vs EOAs on the feed recently The magic of embedded smart wallets is your average web2 account now gets a super powerful crypto wallet without the web3 baggage attached. No seed phrases, no crypto knowledge - just full payment rails handling all the complexity around transactions that the user never even needs to be aware of if they so choose. This is a no brainer for crypto apps that want to attract new users beyond the crypto bubble and overall how consumer crypto wins this cycle. EIP-7702 is really what crypto natives should be pumped about though - EOAs acting like smart wallets without the liquidity fragmentation. Now your main wallet gets all the smart wallet perks too (session keys, sponsored gas, batch txs) but without the hassle of dealing with dozens of wallets across various apps. Imagine a standard where by default your EOA becomes the smart wallet if you have one. This is the frictionless UX experience crypto products need for true mainstream adoption
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Tony DβAddeo
@deodad
how does this actually work? where is your key material for your root wallet and how do apps request a session key? i see the building blocks but I donβt see how it all comes together with a great UX yet
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Ben Adamsky π
@ba
@segall @henri probably have a better answer than me on how teams like @privy and @thirdweb are handling signers with EIP-7702, which is what we'll be leveraging directly
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Max
@segall
Love this!! With Privy and EIP7702, the private key for your root wallet is secured by the same SSS cryptosystem that's onboarded 30m users today! The underlying wallet is still a private key account, it just has the enhanced smart wallet capabilities As EIP7702 and session key support goes live, apps will be able to request a session key from EIP7702 wallets via the wallet_grantPermission RPC (EIP7715): https://ethereum-magicians.org/t/erc-7715-grant-permissions-from-wallets/20100.
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