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ALKEMY

Create a way to recover access to wallets via a secure , decentralized, and anonymous way in the Ethereum ecosystem.

Screenshots

ALKEMY screenshot 1
ALKEMY screenshot 2

Problem Statement

The team at Alkemy decided to explore the use of a defi protocol to help come up with a solution for a non-defi, real world problem. The problem - losing access to your money forever because you forgot the password and lost the seed phrase. Our solution - These members, known as "Guardians" will store the piece of information until the "Owner" of the seed phrase requests to recover their seed phrase.

Solution

The team at Alkemy decided to explore the use of a defi protocol to help come up with a solution for a non-defi, real world problem. The problem - losing access to your money forever because you forgot the password and lost the seed phrase.

Hackathon

MarketMake

2024

Contributors