Problem Statement:
Creating a subscription model based dapp is still a huge challenge in the web3 world. Some of the major challanges are:
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Recurring Payments
- Reccuring payments are a pain in the web3 world. Payments have to be constantly approved by EOAs.
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Gas fees
- Gas is spent on creating, subscribing and even for cancelling a subscription on the Blockchain
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Need of Externally Owned Accounts
- Need of EOAs to fund different wallets and approve tokens. It is a hectic task.
Proposed Solution:
- A web/mobile based dapp to manage all your web3 subscriptions in one place. A place where subscribing is as easy as a click of a button. We bring Account Abstraction using Relayer servers to reduce the gas fees and improve the overrall UX. The user will authenticate through Safe Wallet (https://app.safe.global/welcome)
- Using AA, we remove the process of approving transactions agin and again.
- Account abstraction could make this system much more efficient and cost-effective. By abstracting the user's account, it separates the user's private key from their on-chain address.
- Using relayers as servers which interact with the chain for the users. The user then can create a plan where they will provide all the details of the plan and the relayer will create a plan for the merchant/user
- They can get the list of subscription to keep a track of all stuff they are subscribed to and they can view all the plans
Main Features:
- Keeps your personal wallet safe and secure
- easy one click subscription
- invite people to a seamless subscription method
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