Qredo brings digital asset custody into the age of automation with a new extensibility toolkit.

This includes three features that add functionality:

• improve security

• Simplify transactional workflow

• Automated Digital Asset Management

Web3 API wallet 👨💻

Qredo Web3 API walletEnables you to programmatically build DeFi operations and then useQredo dMPCSign transactions and submit them directly to the blockchain — without compromising the security of your governance policies.

This unlocks multiple benefits:

• Scalable access to DeFi

Automate your DeFi operations with thousands of trades per day, triggered by events like blockchain transactions or price changes.

• fast execution

Transactions can be packaged and committed to the blockchain faster, improving the performance of fast transaction strategies such as arbitrage between EVM chains.

• Integrate with your tech stack

Skip the clunky DeFi front-ends and bottlenecks and submit transactions directly to smart contracts. Automate KYT calls to determine real-time risk prior to execution.

Signing Agent 🤖

canSigning AgentAdded to the governance policy, as a manual transactionApproverAutomatic addition or substitution of .

This open-source software for signing transactions can be initialized in a hosted service or self-hosted on your own infrastructure - giving you full control over your automated transaction process.

By automatically approving transactions, the Signing Agent can:

• Alleviating Approval Fatigue

Automated approvals relieve the burden of having to manually approve dozens of transactions each day. (Coming soon: Qredo's open-source library will configure signing proxies to manage transaction routing based on specific criteria such as size, destination address, or originator.)

• Simplify the transaction process

Repetitive workflows can be automated to enable scaling of digital asset operations.

• reduce execution time

Transactions can proceed immediately without waiting for an approver to sign the transaction.

• improve security

Approvers can be added to all policies, creating an organization-wide circuit breaker that makes it easy for management to stop all paperwork processes simultaneously.

Whitelist ☑️

Whitelisting is an optional security feature that restricts wallet interactions to predetermined blockchain addresses.

Once whitelisted addresses are added to the wallet, only transactions to those whitelisted addresses will be passed to the approval process. Transactions from other addresses not on the whitelist will be blocked.

This increases security by ensuring wallets can only interact with trusted counterparties and protocols. For example, a DeFi fund might whitelist the smart contract addresses of its preferred lending protocol, preventing traders from borrowing assets on otherwise untrusted protocols.

The extensibility toolkit introduces a whitelist for connected wallets, in addition to the existing whitelist functionality of standard wallets.

Scalability Toolkit Use Case: DeFi Funds

While these three features can be used individually, combining them provides powerful benefits.

For example, DeFi funds could whitelist the smart contract addresses of established decentralized exchanges, preventing traders from visiting riskier venues.

The fund can also use signing proxies to automate governance workflows, reducing the fatigue associated with constantly manually approving transactions.

Finally, the fund can also adopt the Web3 API wallet and automatically submit transactions directly to the exchange smart contract through its own fund management infrastructure.

To join the beta program and start testing these features, ask a Qredo expert.

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Original link:https://www.qredo.com/blog/scalability-toolkit 

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