Coming Soon: ChainSafe

Enhanced Security for Your Tokens

A New Layer of Protection for Your Digital Assets

ChainSwap is excited to announce the upcoming release of ChainSafe, a novel feature designed to bolster the security of your self-custodied holdings.

Understanding ChainSafe: Secure Account Abstraction

ChainSafe leverages smart contract technology to establish a secure account abstraction layer. In simpler terms, ChainSafe allows you to deposit your tokens into a secure environment, separate from your traditional DeFi wallet. These deposited tokens can still interact seamlessly under your control with various dAPPs just like they would in your regular wallet but have the added benefit of an extra security layer.

Multi-Layered Security: Safeguarding Your Assets

ChainSafe transcends traditional wallet security by incorporating a robust, multi-layered defense system:

• Multi-Factor Authentication (MFA): This feature adds an extra layer of protection by requiring multiple verification steps (e.g., email, phone) before granting access to your ChainSafe account. This significantly reduces the risk of unauthorized access attempts.

• PIN Security: An additional security measure, users can set a unique PIN as an access barrier. Even if someone gains unauthorized entry to your primary login credentials, they'll still be unable to access your assets due to the PIN requirement.

Peace of Mind in the Face of Security Threats

Even in the unfortunate scenario of a compromised wallet, ChainSafe safeguards your assets. Since your tokens reside within the secure confines of ChainSafe's smart contracts, they remain inaccessible to anyone who might gain access to your primary wallet. This empowers you to participate in the crypto space with greater confidence, knowing your assets are shielded from unauthorized withdrawals.