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Arism Wallet - A hybrid-custodial wallet and distributed key management protocol.
Grant Proposal
- Project name: Arism Wallet
- Team name: Arism Lab
- Website: https://docs.arism.org
- Category: Privacy-as-a-Service
- Open-source: YES
About Project
Project overview
Arism Wallet is a hybrid-custodial wallet and distributed key management protocol. This decentralized wallet application uses advanced cryptographic algorithms to ensure the security and integrity of user's private keys.
Key features include:
- Friendliness: One-click login via third-party platforms. No need to remember seed phases or private keys.
- Loss Prevention: Easy recovery with Multi-Factor Authentication (MFA). No longer worry about losing access to accounts by mistakes.
- Security: Protected by a distributed network of nodes. Keep your accounts safe from any attack attempts.
- Feature Variety [^1]: Account Abstraction and Decentralized Identifier support. Manage and represent multiple accounts/assets by a single identity.
[^1]: Features are planned to be implemented in the next phase.
Target audience
Node providers
We launch a Fungible Token called Arism Token (ARM) which is used for staking, rewarding and fining in operating Arism Nodes. There are two types of nodes in the Arism Network:
- Validation Network (Mainnet): The main network that executes algorithms to verify third-party accounts and conduct "Network Key" for users.
- Relay Network (Subnet): The relay network that provides promoted Relay Nodes when there is a dead, malicious or expired Validation Node in Mainnet.
Node providers can stake their ARM tokens to become a Node Provider and earn rewards by taking part in verifying user's accounts. When a node provider registers a node, they will be required to stake a certain amount of ARM tokens to join the Subnet. The more ARM tokens staked, the higher the chance of being promoted to the Mainnet.
Users
Users can create an identity by using their third-party platform accounts (e.g. Google) and link them to their Arism Wallet. There are 3 factors to verify a user's identity:
- Network Factor: Responsible by the Arism Network.
- Device Factor: Responsible by the user's devices (e.g. phone, computer, etc.).
- Recovery Factor: Responsible by the user's recovery information (e.g. password, fingerprint, etc.).
Users can sign in to the Arism Wallet by providing 2/3 factors. A user can also create multiple keys associated with their identity which is responsible by Arism Metadata.
Developers
Developers can integrate the Arism SDK into their applications to allow users to sign transactions by their Arism Wallet. The Arism Application allows users to choose which key to sign the transaction with.
We also provide special APIs to allow developers to interact with the Arism Network.
Problem statement
Our motivation for building the Arism Wallet comes from the following problems:
- Most current wallets are saved entirely on local storage (non-custody) or entirely on service providers (custody). Arism Wallet is a hybrid-custody wallet that take advantages of both custodial and non-custodial models.
- There are also some hybrid-custodial wallets but they still rely heavily on a single party whereas Arism Protocol lets the user's wallet to be held by a community instead, but its safety is still protected from any attack and hack attempts through cryptographic algorithms and MFA mechanism.
- Storing and signing transactions right on the web application will eliminate the gap between mobile and desktop, something that wallet extensions suffer from.
Our vision is to create a wallet with complete and native support on Secret Network, then consider to expand towards Cosmos ecosystem and other chains.
Inspiration
Web3Auth is a forerunner of the Arism Wallet which as a total raised of 15.5 million USD over 4 funding rounds. To date, it's supporting thousands of Web3 projects with more than 12 million monthly users.
| Key Features | Web3Auth | Arism Wallet |
|---|---|---|
| Node providers | 9 fixed node providers from reputable parties: Binance, Ethereum, Name Service, Etherscan, Matic/Polygon, Zilliqa, Tendermint, Ontology, SKALE and Torus. | 5 node providers on Mainnet and unlimited node providers on Subnet which are totally anonymous. |
| Stake | No staking mechanism. | Earn rewards by staking ARM tokens. |
| SDK integration | Available with 4 plans: Base, Growth, Scale and Enterprise. Fees are charged around 399 USD per month. | Free to integrate. |
| Assets management support | No support for assets. | Support fully assets and chain's services. |
| Token launch | No token launched. | ARM token. |
| Protocol vulnerability | Unavailable if Torus Network is down or user lose access to connected OAuth account. | Network Factor can be replaced by others (Device Factor and Recovery Factor). |
| Support | EVM-based only. | Any chain. |
| Smart contract | Centrally controlled by Torus admin (contract owner). | Decisions are casted by node providers through voting schemes as a DAO. |
Reason for interest
The Arism Contract enables a transparent and secure way to manage anonymous node providers powered by voting schemes.
Therefore, high transaction speed and low gas fees are the prerequisites that we aim for.
Besides, we are also looking for a friendly chain that well-supports assets (e.g. Fungible Token, Non-Fungible Token, etc.). It will not only highlight the Arism Wallet's features but also provide a good basis for the Arism Protocol to grow.
Technology stack
We focus on developing cryptographic algorithms on the Arism Node and Arism Application side. The front-end parts are built with Next.js and the back-end parts are built with Nest.js. We also use Redis for caching and MongoDB/IPFS for storing metadata.
About Us
Team members
| Name | Role | GitHub | Contact |
|---|---|---|---|
| Nhi Tran | Team Leader, Business Development Executor, Smart Contract Engineer | @TranNhi27 | [email protected] |
| Kiet Tran | DevOps Engineer, Backend Developer, Smart Contract Engineer | @Kiet1618 | [email protected] |
| Thuan Nguyen | Frontend Developer, Backend Developer, Smart Contract Engineer | @SnowyField1906 | [email protected] |
Repositories
| Repository | Description | Link |
|---|---|---|
| Arism Node | The peer-to-peer network that powers the Arism Network | arism-node |
| Arism Contract | The smart contract that powers the transparency of the Arism Nodes | arism-contract |
| Arism Application | The Interface for the Arism Protocol | arism-application |
| Arism SDK | The Software Development Kit for the Arism Protocol | arism-sdk |
| Arism Metadata | The service that stores metadata for the Arism Protocol | arism-metadata |
| Arism Docs | The documentation and whitepaper for the Arism Protocol | arism-docs |
Development Roadmap
Overview
- Costs per FTE: 35 USD per hour
- Working hours per FTE: 40 hours per week
- Number of Milestones: 6
| Milestone | Description | Estimated Duration | Manpower | Hours | Costs | Percentage |
|---|---|---|---|---|---|---|
| 1 | Implement core algorithms | 1 month | 3 people | 320 hours | 11,200 USD | 16.67% |
| 2 | Draft interface | 1 month 2 weeks | 3 people | 480 hours | 16,800 USD | 25% |
| 3 | Deepen interface | 1 month | 3 people | 320 hours | 11,200 USD | 16.67% |
| 4 | Overall optimization and audit | 1 month | 3 people + Audit Team | 320 hours | 11,200 USD[^2] | 16.67% |
| 5 | Documentation and whitepaper | 2 weeks | 3 people | 160 hours | 5,600 USD | 8.33% |
| 6 | Test phase and air drop | 1 month | 3 people | 320 hours | 11,200 USD | 16.67% |
| Total | 6 months | 3 people + Audit Team | 1,920 hours | 67,200 USD | 100% |
[^2]: Extra costs might be charged for the audit team.
Current status
| Milestone | Percentage | Notes |
|---|---|---|
| 1 | 10% | We have implemented 1/5 of the core algorithms. Not integrated with the Arism Network yet. |
| 2 | 10% | We have drafted the interface for the Arism Application for demo purposes. Not integrate with the chain yet. |
| 3 | 0% | We have not started deepening the interface yet. |
| 4 | 0% | We have not started overall optimization and audit yet. |
| 5 | 20% | We have built a documentation site and written a brief technical insights. |
| 6 | 0% | We have not started test phase and air drop yet. |
Milestone 1 — Implement core algorithms
| ID | Scope | Specification | Risk |
|---|---|---|---|
| 1 | Contract | Implement management, staking, rewarding and voting | Low |
| 2 | Node | Integrate smart contract and implement DSS, ISS | Medium |
| 3 | Application | Implement base UI and SSS | Low |
| 4 | Metadata | Implement base metadata storage | Low |
Milestone 2 - Draft interface
| ID | Scope | Specification | Risk |
|---|---|---|---|
| 1 | Contract | Implement token distribution and complete the DAO | Low |
| 2 | Node | Implement RSS, PSS and VSS | Medium |
| 3 | Application | Integrate Node, Metadata and blockchain | Low |
| 4 | SDK | Implement base SDK | Medium |
| 5 | Metadata | Complete metadata storage | Low |
Milestone 3 - Deepen interface
| ID | Scope | Specification | Risk |
|---|---|---|---|
| 1 | Node | Complete algorithms | Medium |
| 2 | SDK | Complete SDK | Medium |
| 3 | Application | Complete UI, integrate blockchain and services | Low |
Milestone 4 - Overall optimization and audit
| ID | Scope | Specification | Risk |
|---|---|---|---|
| 1 | Node | Audit algorithms | Medium |
| 2 | Contract | Audit smart contract | Medium |
| 3 | SDK | Optimize SDK | Medium |
| 4 | Application | Optimize blockchain and services | Low |
| 5 | Metadata | Optimize metadata storage | Low |
Milestone 5 - Documentation and whitepaper
| ID | Scope | Specification | Risk |
|---|---|---|---|
| 1 | Docs | Write technical insights | Low |
| 2 | Docs | Write whitepaper | Low |
| 3 | Docs | Write guides | Low |
| 4 | Docs | Complete documentation site | Medium |
Milestone 6 - Test phase and air drop
| ID | Scope | Specification | Risk |
|---|---|---|---|
| 1 | Node | Deploy test nodes | Low |
| 2 | Contract | Deploy test contract | Low |
| 3 | Application | Deploy application | Low |
| 4 | Metadata | Deploy metadata | Low |
| 5 | Protocol | Launch air drop (ARM tokens or NFTs) | Low |
Future Plans
- Integrate Decentralized Identifier (DID) and Verifiable Credential (VC) into the protocol.
- Integrate Account Abstraction (AA) into the protocol.
- Integrate Swap, Lending, Staking, Aggregator, etc. into the protocol.
- Integrate Multisig into the protocol.
- Develop a mobile application for iOS and Android which manages and takes part in authenticating user's accounts.
- Implement Authorization Credential for SDK and in-app environment for Application to support executing custom scripts (any script like gathering user's tokens, doing airdrop tasks, etc.).
Additional Information
Contact us via email: [email protected] for more information.
