PEERwallet

Mainstream users are not willing to interact with Web3 if there is such a big risk of getting scammed, whether it's their identity or assets being stolen.

Imagine having a wallet that is secure for your assets, private, and enables you to participate in on-chain governance (DAOs) and chat with your mates all in one place.

We've got you covered - you can create our PEERwallet using your web2 credentials.

The security and privacy of PEERwallet are ensured by creating a new wallet for each new site you interact with and securely storing your on-chain credentials and assets in the main hub.

However, this approach can create two issues:

1. Sometimes, I need credentials from my main wallet to interact with a site.
2. It will be very time-consuming to top up all the wallets for gas payments.

We solve the first issue by integrating two credential systems (PolygonID and Sysmo) that can provide proof to individual addresses about ownership of particular credentials in a private manner.

For the second issue, we use PEERmaster, which pays for all individual transactions, and users get invoiced at the end of the month. It's like a credit card for your on-chain interactions.

This enables us to eventually charge a small convenience fee and generate revenue for the project.

And last but not least is the governance and social aspect.

To eliminate the need to visit all the forums and look for communication channels to connect with other community members, we have implemented a chat with an announcement function that notifies you when it's time to participate and enables you to direct message any other community member from one place.

PEERwallet is a smart hub that consolidates users' assets, credentials, and individual wallets to interact with different sites, and real-time chat to receive notifications about new proposals in their community or engage in conversations with individual members.

Here are the key features of PEERwallet:

1. Onboarding - We have integrated Biconomy, providing a social sign-in option for easy and convenient user registration.

2. Securing credentials - We ensure the security of credentials by using PolygonID and local storage to store data from the KYC process, on-chain verifications, and other essential information.

3. Generating burner wallets and creating connections - We employ WalletConnect to generate new burner wallets and connect them to new sites, maintaining a list of connections at our PEERwallet hub.

4. Using credentials - We utilize PolygonID and Sysmo Data Vaults to generate proof for "burner" wallets, verifying specific information requested by websites. For instance, to claim voting rights (tokens) for Parisien governance, we send proof of residence in Paris from the burner wallet to the contract requesting it.

5. Managing the local community (outside PEERwallet) - The local community is managed by AragonSDK, and access is token-gated by requiring residency proof, allowing all residents to participate in voting.

6. Governance and social - To facilitate seamless interaction within the local community (DAO), we have integrated an XMTP chat with an announcement bot for proposal updates and direct messaging functionality for all members.

7. Gasless transactions - We implement Biconomy paymaster and 2771 standard to cover all the burner wallet transactions from a centralized service, ensuring privacy and convenience for users.

Overall, PEERwallet provides a comprehensive and user-friendly solution for secure and efficient Web3 interactions, combining governance, social features, and seamless transaction capabilities.