Wallet Types
Levain uses multiple types of wallets when creating them. Wherever possible, we strive to use native wallets for each blockchain. However, there are some cases where we need to use a smart contract wallet to manage the assets. Here are the types of wallets that Levain uses.
EVM-compatible blockchains
As EVM-compatible blockchains currently do not support native multi-sig, we use smart contract wallets to manage the assets. These wallets are created on the blockchain and are managed by the smart contract. The smart contract wallet is a multi-sig wallet that requires multiple signatures to execute a transaction.
There are two types of smart contract wallets that we use:
- Simple MultiSig by Paxos (Audit Report)
- Safe v1.3.0 (Audit Report)
Bitcoin
Levain uses Bitcoin's native multi-sig capabilities via a 2-of-3 design, using Taproot.
DeFiChain
Levain uses DeFiChain's native multi-sig capabilities using Segwit.
Tron
Levain uses Tron's native multi-sig capabilities as it is natively supported.