Abstract

Neo Wallet seeks to redefine the way users interact with decentralized applications and execute transactions on the NEO blockchain. Through the utilization of account abstraction, off-chain signing, bundlers, and our unique "Limit Hooks" feature, it aims to provide an unmatched user experience that is both secure and efficient.

1. Introduction

With the rapid growth of the decentralized finance (DeFi) ecosystem, users demand greater flexibility, user-friendliness, and efficiency in their transactions. It's innovative solutions answer this demand by offering a set of features not found together in any existing platform.

2. Account Abstraction

In the realm of blockchain and decentralized finance, the standard model of accounts and their interactions can often prove restrictive and counterintuitive to many users. Account Abstraction is a solution designed to make the user experience more seamless by breaking down traditional boundaries that separate contract accounts from externally owned accounts.

Benefits

• User-Friendly: Off-chain signing and Limit Hooks make the platform simple to use, even for those new to the crypto space.
• Flexible: Timeless and time-bound limit orders give users the freedom to plan their transactions according to their needs.
• Cost-Efficient: Bundling of transactions can lead to reduced gas fees.
• Secure: Users retain control of their funds without locking them in, and off-chain signing ensures enhanced security.

Conclusion

Neo Wallet's innovative approach to blockchain interactions is set to revolutionize how users perceive and utilize DeFi platforms. Through the combination of user-friendly features and forward-thinking solutions, It presents a compelling platform for the future of blockchain-based transactions.

Limit Hooks

One of most innovative features, Limit Hooks enable users to set both timeless and time-bound limit orders with just off-chain signing.

How it Works

A user sets a desired limit for a transaction (buy/sell/swaps). The request remains dormant until the specified conditions are met. Once the criteria are achieved, the Solver API triggers and executes the transaction, charging a nominal commission for the service.

Use Cases

• Price-based Transactions: A user wants to buy NEO with all his FUSD when the NEO price drops to a certain level within a specified timeframe. With it's Limit Hooks, the user can set this condition and continue his daily tasks without locking his tokens or continuously monitoring the market.
• Depreciation Protection: Users can shield themselves from token depreciation, e.g., if a stablecoin like XUSD falls below $0.98, the system can be set to automatically swap all XUSD to NEO, thus preserving the user's value.