ALKEMY
Create a way to recover access to wallets via a secure , decentralized, and anonymous way in the Ethereum ecosystem.
About
The team at Alkemy decided to explore the use of a defi protocol to help come up with a solution for a non-defi, real world problem. The problem - losing access to your money forever because you forgot the password and lost the seed phrase. Our solution - These members, known as "Guardians" will store the piece of information until the "Owner" of the seed phrase requests to recover their seed phrase.
How it's made
The team at Alkemy decided to explore the use of a defi protocol to help come up with a solution for a non-defi, real world problem. The problem - losing access to your money forever because you forgot the password and lost the seed phrase.