Safe social recovery approval account diversity
When distributing Safe approval accounts across people and/or organizations Safe approver diversity is important. That is to coordinate multiple providers of hardware and software approval accounts that are used.
Save approver diversity is important for similar reasons as Ethereum client and validator diversity in that no one issue with a provider can cause total loss of the Safe.
High performing diverse options builds resilience
- This will improve security for individual and organizations by making their recovery options more resilient
- Having a diverse set of Safe approval account types for a Safe is just as important as having client diversity for the Ethereum ecosystem
- If too many of one account type are used as approvers it creates a potential critical issue. An issue with one account type could result in a total loss of all Safe assets and digital accounts.
Desired characteristics of approval account providers
Open source
Both the frontend and backend code is publicly available
Platforms
- Available on Firefox browser or desktop (Linux, Windows, and macOS) with WalletConnect, and mobile Android and iOS
- Firefox is important because it adds the highest standard of resilience as it is not dependent on Chromium like the majority of web browsers
- Apps made for Firefox will most likely also be available on Chromium based browsers
- Future research can be done specifically for Chromium based browsers if useful
Self recovery independent of a service provider
Self recovery is possible independent of a service provider or 3rd party
Sustainable business model
There is a sustainable business model which is important for the longevity of the service for users
Good user experience (UX) with Safes created from the native app app.safe.global
- Basic actions: Create action, approve, confirm onchain
- Platforms: Web/desktop and mobile
- Network support and management switching between layer 2s (L2s)
- Account management switching between multiple seed phrase based accounts
- Coordination with notification management and messaging
Strong team
- Location and considerations related to those jurisdictions around rule of law, property rights, privacy, freedom of speech, etc.
- Work experience
Audits
Public audits have been done and are available
Reputable investors
Fear, uncertainty, and doubt (FUD)
There is little supporting evidence to support FUD and/or reasonable explanations