Wallet Wednesday is a weekly series where we dive into the wallets that support Gnosis Chain. Moving forward, we will cover other caterogies such as Builder Tools, DAOs, DeFi, etc for users and builders to familiarize themselves with the Gnosis Chain ecosystem. The first project on Wallet Wednesday is Pillar.
Visit GnosisWallets.com for a list of wallets currently supporting Gnosis Chain.
Pillar is a community-run, non-custodial, open-source smart wallet that supports Gnosis Chain and other EVM-compatible chains in a unified multichain experience. Its multichain wallet allows for cross-chain asset management and a few of its standout features include in-app cross-chain swaps, and meta-transactions. Pillar's vision for its platform is a user-centric one, as they provide the opportunity to its users to decide on the future of the platform through the PillarDAO.
Smart wallets are stored in a smart contract which lives in its corresponding blockchain, and can only be accessed and managed by your device. It provides access to complex functionalities in a simplified user experience such as interacting with DeFi applications, account abstraction, cross-chain swapping, and paying gas fees with stablecoins.
The smart contracts secure the private keys of each Pillar account such that when users initiate a transaction which requires the wallet’s private key, the funds are never at risk as the application communicates directly with the smart contract. This is designed with safety mechanisms in place to make funds as loss-proof as possible, while still ensuring total control of private keys at all times.
Among several major updates and partnerships this year, the Pillar team is looking into implementing social logins, and adding more security features such as user whitelisting of trusted protocols, addresses and assets along with the ability of setting daily spending limits within the wallet.
Gnosis Chain allows developers to easily transfer their projects, offers a broad range of scalability options, and has low transaction fees. The fee part is key for mass adoption. We have not faced any issues on the development side for the Gnosis Chain integration. Additionally, we are excited to be aligned with other infrastructure providers who have a shared vision of a decentralized future.
With Pillar Wallet being a smart contract wallet, users will need to activate it first. An activation will automatically deploy an individual smart contract to the blockchain and require a gas fee payment.
Pillar subsidizes the deployment (activation) of all Gnosis Chain smart wallets in the Pillar app. Pillar has recently introduced the automatic deployment of wallets on Gnosis Chain. This means users can download Pillar Wallet and start using their smart wallet right away.
Participate in our community: t.me/GnosisBuildersCommunity
Reach out for support & resources: gnosis.builders/contact-us
Use Gnosis Chain apps: gnosis.builders/users
Find the right wallet for you: gnosiswallets.com
Get free xDai: gnosisfaucet.com
Build on Gnosis Chain: gnosis.builders/developers
Become a validator: validategnosis.com
Monitor validators: gnosispools.info
Gnosis Chain Stats: gnosismetrics.com
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