Singapore, August 2nd, 2023 — OKX Wallet has launched a groundbreaking Smart Account feature powered by account abstraction, enabling users to pay gas fees in USDT and USDC across multiple blockchains. This innovation eliminates the need for native tokens, streamlining cross-chain transactions.
Key Features of Smart Account
Multi-Chain Gas Payments
- Pay transaction fees on 7 supported chains (Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, OKT Chain) using stablecoins.
- Eliminates the hassle of holding multiple native tokens for gas.
Simplified User Experience
- One-click swaps and staking: Combine token exchanges and yield-earning steps into a single action.
- Gasless transactions: dApps can sponsor gas fees for users.
Enhanced Security
- Social recovery (coming soon): Designate trusted contacts to help recover access if keys are lost.
- MPC technology: Splits private keys into three parts, removing single points of failure.
Why This Matters
Account abstraction transforms Web3 by:
- Hiding technical complexities (e.g., gas fees, Gwei) behind intuitive interfaces.
- Enabling batch transactions: Interact with multiple contracts in one operation.
- Boosting adoption through beginner-friendly designs.
Jason Lau, OKX Chief Innovation Officer:
"Smart Account is a game-changer for Web3 accessibility. By abstracting technical barriers, we’re creating a seamless gateway for all users."
Supported Chains and Technologies
| Blockchain | Account Abstraction | MPC Support |
|---|---|---|
| Ethereum | ✅ | ✅ |
| Polygon | ✅ | ✅ |
| Arbitrum | ✅ | ✅ |
| Optimism | ✅ | ✅ |
| BNB Chain | ✅ | ✅ |
| Avalanche | ✅ | ✅ |
| OKT Chain | ✅ | ✅ |
👉 Explore Smart Account on OKX Wallet
FAQ
1. How does Smart Account simplify gas payments?
It allows stablecoin (USDT/USDC) gas payments across chains, removing the need to manage native tokens.
2. What is social recovery?
A future feature letting users select "guardians" to help regain account access if keys are lost.
3. Which chains support Smart Account?
Currently: Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, and OKT Chain.
4. Is MPC technology secure?
Yes. By splitting keys into three parts, it eliminates single-point vulnerabilities.
5. Can dApps cover my gas fees?
Yes. Projects can sponsor gasless transactions for users.
About OKX Wallet
A leader in Web3 infrastructure, OKX Wallet offers:
- 50+ blockchain integrations
- Decentralized exchange (DEX) aggregator
- Zero-fee NFT marketplace
- DeFi staking across 15 chains
👉 Discover OKX’s Web3 ecosystem
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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