Avocado Multisig: Changing the Game for Wallet Security

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Multisig wallets offer the highest level of protection to keep your assets safe. Yet they are cumbersome to set up and inconvenient to use. Fortunately, Instadapp has just launched Avocado Multisig to change the game: 🧵

If you think you don't need a multisig wallet, you might want to think again. Similar to how 2FA requires two separate forms of identification to access your CEX or email, multisig wallets also eliminate the risk of a single point of failure. V. Buterin also uses it.

While 2FA is a standard practice in Web2, multisig wallets are mostly used by institutions & crypto pros alike. We've seen millions of $ lost due to private key leaks or avoidable human mistakes. A multisig wallet offers a solution, and now it has become easier to use.

With Avocado, there's no need to generate a multisig wallet at all. Once you connect your wallet to Avocado by @Instadapp, you'll already have it. Oh, and Avocado is a blockchain aggregator with a next-gen wallet that offers account abstraction benefits. Learn more ↓ twitter.com/DefiIgnas/status/1633626328330289152

Standard multisig requires a new address for each chain. But with Avocado, you can use the same address on 10+ networks. It enables token bridging like you do with your single wallet. No more withdrawing tokens to an EOA, bridging them, and sending to another multisig.

Avocado Multisig uses a unified USDC gas tank, allowing all signers to share costs. You can add your mobile device or any wallet to the multisig and sign transactions, even if their balances are empty. It's also audited by Statemind & Peckshield. twitter.com/Instadapp/status/1696537936819638462

Overall, Avocado Multisig offers a new, safe and convenient way to manage assets for teams, institutions and individuals alike. Like we use 2FA to keep our Web2 accounts safe, the multisig wallet does the same in Web3. Try it out and you'll get what I mean 😉 twitter.com/Instadapp/status/1696537797916799035

Btw @Instadapp offers multiple services: - Instadapp Pro: DeFi Smart Accounts - Instadapp Lite: 1-Click Yields - Avocado: Blockchain aggregator with a next-gen wallet An oracleless lending protocol soon 👀 I'm proud to be an ambassador due to their dedication to build. twitter.com/DefiIgnas/status/1643984689412341763