Arism Wallet - A hybrid-custodial wallet and distributed key management protocol

[SnowyField1906]

Summary

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.

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.

Context

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 TON Blockchain, then consider to expand towards Cosmos ecosystem and other chains.

Key Features	Telegram Wallet	Tonkeeper Wallet	Arism Wallet
Platform	Telegram	Browser extension	Web application
Authentication	Telegram authentication	Client	OAuth and client
Key storage	Server	User	DAO and user
Model	Custodial	Non-custodial	Hybrid-custodial
Supported chains	TON	TON	Multi-chain

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.

References

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.

Estimate suggested reward

• Costs per FTE: 25 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	8,000 USD	16.67%
2	Draft interface	1 month 2 weeks	3 people	480 hours	12,000 USD	25%
3	Deepen interface	1 month	3 people	320 hours	8,000 USD	16.67%
4	Overall optimization and audit	1 month	3 people + Audit Team	320 hours	8,000 USD2	16.67%
5	Documentation and whitepaper	2 weeks	3 people	160 hours	4,000 USD	8.33%
6	Test phase and air drop	1 month	3 people	320 hours	8,000 USD	16.67%
	Total	6 months	3 people + Audit Team	1,920 hours	48,000 USD	100%

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

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

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.

Footnotes

1. Features are planned to be implemented in the next phase. ↩

2. Extra costs might be charged for the audit team. ↩

[delovoyhomie]

Thank you for your proposal. After careful consideration, we regret to inform you that we cannot proceed with it under the current Bounty Grant Program. At this time, we do not support wallet development projects within the scope of the program.

Thank you again!