Problem
Users must create multiple EOA wallets to participate in different Venus pools, which is cumbersome.
E-Mode allows optimized pool participation, but single-account management is limited.
Solution
Enable users to create multiple smart contract wallets controlled by one primary wallet. Each wallet can access different Venus pools, including eMode-enabled pools, while the main wallet manages all interactions. Main wallet can still utilize any of the Venus pools.
Each wallet is fully independent, meaning that a liquidation in one wallet does not affect others.
This separation allows users to manage different strategies and risk levels across multiple pools safely and efficiently.
Benefits
- Simplifies wallet management.
- Supports multi-pool and eMode participation from a single account.
- Promotes active platform use with incentives.
XVS Utility & Incentives
- Small fee in XVS for creating wallets, burned to strengthen token utility.
- Tiered Burn Mechanism: higher fee for each additional wallet.
- Prime users can create N (limited by contract variable) wallets for free.
Success Metrics
- Number of smart contract wallets created.
- Adoption of eMode pools.
- XVS burned via fees.