Create Polkadot-Smart-Account.md

[Cupnfish]

Project Abstract

Polkadot Smart Account implements account abstraction in Substrate without blockchain changes. It introduces User Operations and Bundlers to enable smart contract wallets instead of regular accounts, improving usability and security.

Grant level

• Level 1: Up to $10,000, 2 approvals
• Level 2: Up to $30,000, 3 approvals
• Level 3: Unlimited, 5 approvals (for >$100k: Web3 Foundation Council approval)

Application Checklist

• The application template has been copied and aptly renamed (project_name.md).
• I have read the application guidelines.
• Payment details have been provided (bank details via email or BTC, Ethereum (USDC/DAI) or Polkadot/Kusama (USDT) address in the application).
• The software delivered for this grant will be released under an open-source license specified in the application.
• The initial PR contains only one commit (squash and force-push if needed).
• The grant will only be announced once the first milestone has been accepted (see the announcement guidelines).
• I prefer the discussion of this application to take place in a private Element/Matrix channel. My username is: @cupnfish:matrix.org (change the homeserver if you use a different one)

[github-actions]

CLA Assistant Lite bot All contributors have signed the CLA ✍️ ✅

[Cupnfish]

There is still a lot of work to be done. This is just a draft.

[Cupnfish]

I have read and hereby sign the Contributor License Agreement.

[Cupnfish]

recheck

[github-actions]

The applicant has requested the discussion of the application to happen in a private chat room.

[Noc2]

(requested changes in the private channel)

[semuelle]

I left some questions in the chat.

[keeganquigley]

@Cupnfish closing this application due to inactivity. Please let us know if you would like us to re-open it.