Authorities
Tiered Permissions and Multi-Sig use case
Last updated
Tiered Permissions and Multi-Sig use case
Last updated
DeFi Smart Accounts have advanced permissions that allow different levels of access to the account.
When a DSA is created, the wallet that initiated its creations becomes the initial Authority. The DSA can have additional Authorities or additional addresses that can access some or all of the account. Currently there is only one level of access: Authority (Full Access)
Currently all added Authorities gain full access to the DeFi Smart Account
Authorities are the Ethereum addresses that can access the DSA. Currently only Authorities are able to request withdrawals from the DSA.
Currently Authorities have full access to the DSA, we recommend only adding Authorities to addresses you control.
Fund Manager: Managers can place transactions within protocols, but cannot withdraw assets out of the account; Managers can leverage accounts, save positions and add funds.
Stake Manager: Stake manager autonomously creates and stakes different tokens in the ecosystem to generate yield and rewards, Stake Managers would not be able to withdraw funds from the account.
Yield Manager: A protocol leverages the funds in accounts to create yield; paying a consistent return to the account; Yield Managers would not be able to withdraw funds from the account.
Payee/Allowance/Subscription: A payee can withdraw a set amount of tokens from the account within a limited time frame, or a set amount each month, etc.
Recovery Agent: Adds a smart contract that detects usage of the DSA; after the account has not been used in X amount of time; the recovery agent adds a pre-set address as an authority.
