Smart Wallets

A smart contract wallet is a wallet managed by a contract account instead of an EOA (Externally Owned Account). A smart contract wallet or a programmable wallet is a digital wallet governed by predefined rules programmed into a smart contract. This type of wallet operates on a blockchain platform, which makes it secure, transparent, and immutable.

Why Polynomial uses smart wallet

A smart contract wallet can potentially help polynomial trade in several ways:
Security: A smart contract wallet can offer a higher level of security than a traditional wallet. A smart contract wallet is programmed to execute transactions automatically according to pre-defined rules, making it resistant to hacking or other security breaches.
Advanced orders: Smart contract wallets can help Polynomial trade to provide advanced orders like limit orders, stop loss orders, SL, TP, and more. The possibilities are endless.
Transparency: The use of smart contract wallets can increase transparency in the perp exchange, as all transactions are recorded on the blockchain and can be easily audited. This can help build trust among users and increase confidence in the platform.
Overall, a smart contract wallet can help improve the security, efficiency, and transparency of Polynomial trade, leading to a better user experience and increased adoption of the platform.

Managing smart wallet

Create Smart wallet

Users need to create a smart wallet to start trading in Polynomial Trade. Click on Polynomial Trade to create one.
Click on Polynomial Wallet and complete the transaction. The Smart is created, and you are ready to use Polynomial Trade.

Add funds to the Smart Wallet

To add funds to the Smart Wallet, the user must have sUSD. If not, Swap it from Polynomial Swap.
After getting sUSD, click on Smart wallet and enter the amount you want to deposit into the Smart wallet from your wallet.
After completing the transaction, the amount will be credited to the Smart wallet and reflected in the sUSD balance.