How DexToro Smart Wallets Work?

Have you ever wondered how our proprietary Smart Wallets do their magic?

Let's break it down and see why they're the secret sauce behind DexToro's secure, lightning-fast, self-custodial on-chain trading experience.

Smart Wallet is a proprietary product built by DexToro that utilizes account abstraction & smart contract wallet technology to deliver the most secure, decentralized DeFi perps trading experience.

DexToro Smart Wallet enables you to trade any market with a single account.

DexToro's on-chain margin engine "Smart Wallet" offers a comprehensive suite of tools for trading derivatives powered by Synthetix Liquidity Protocol. Smart Wallet accounts utilize a script-like trading language that defines ordered commands (or steps) to be batch-executed by the trader in a single transaction.

The command structure supports unrestricted interactions (like modifying position margin and size across multiple markets) and other protocols integrated into the engine. Commands ranging from depositing margin from an EOA to the Smart Wallet account and executing swaps via Uniswap's UniversalRouter can all be scripted in whatever order the trader desires.

Furthermore, as the Smart Wallet system is upgradable, future protocol integrations can happen seamlessly without disrupting the functionality already offered.

How Do Smart Contract Wallets Work

First thing, what tf is a Smart Contract Wallet? Is my wallet safe or not?

So, in EVM, there are 2 types of accounts, the so-called Externally Owned Accounts (EOAs) and Contract Accounts.

EOAs are wallets that need a private key/seed phrase to access, an example is a wallet from Metamask. EOAs lack access-control granularity. This means that you can’t implement spending policies or rules and are required to have an ETH balance to perform transactions.

Smart Accounts are now governed by smart contract codes, enabling fund management without users surrendering control. This concept is pivotal in blockchain, boosting user experience and security while maintaining wallet access.

Smart contract wallets are the go-to solution.

Addressing 3 common challenges in web3 landscape:

• Users retain control of their funds
• Enjoy even better security than typical EOA wallets such as Metamask
• Surpass the security level of storing funds in tradfi

Benefits👇

Why DexToro utilize a smart wallet? A smart contract wallet or (DexToro Smart Wallet) can help DexToro in several ways:

Having a smart contract wallet amps up DexToro's game, making it super secure, lightning-fast, and transparent. This upgrade isn't just about DexToro – it's about turning the entire decentralized trading world into a seamless, top-notch experience.

Learn more about our Smart Wallet 👇

Smart Wallets | DexToro Documentation

DexToro Smart Wallet is a proprietary product built by DexToro that utilizes account abstraction & smart contract wallet technology to deliver the most secure, decentralized perps trading experience.

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About DexToro

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