AlgoSafe

AlgoSafe is your trusted multi-sig system to manage digital assets on Algorand.

It is a set of smart contracts, APIs and SDKs that provide multi-sig functionality for use on the Algorand blockchain. It allows any Dapp on Algorand to integrate multi-sig functionality inside it, finally unlocking the true power of multi-sig on Algorand.

Understanding the Problems

Algorand Atomics -Algorand network design and constraints leads to an architecture that relies heavily on atomic transactions. This reliance makes it difficult to use the built-in multi-sig capability of Algorand with DeFi projects.

Hot Wallet & Key-Person Risk - Hot wallets are prone to hacks and once compromised there are few options for recovery. Single signatures also introduce ‘key-person’ risk where everything is controlled and could be compromised by a single wallet.

Ledger Lacking - Hardware wallets like Ledger have few options for user interfaces that interact with the Algorand blockchain. MyAlgo was the most popular until it was compromised, and others are not deeply integrated with Dapps leading to a fractured ecosystem.

Why Choose Foundry Safe?

1. Multi-sig Approvals

Fully customize how you manage your crypto assets with the requirement of a pre-defined number of signatures to confirm transactions. This allows partners and institutions to transact safely and transparently, and individuals to create alternative back-ups in the event a wallet is compromised.

2. All Algo Assets

AlgoSafe supports ALGO, the native token of the Algorand blockchain, as well as all standard ASAs.

3. Wallets

Use any Algorand wallet to set up and approve transactions.

4. All Algorand Dapps

Utilize multi-sig functionality with all Algorand Dapps. You are now free to trade, lend, invest and earn on Algorand, with the security of multi-sig allowances.

5. Ledger Accounts

Seamlessly import and manage your Ledger accounts directly within AlgoSafe's interface. You can now perform transactions using your hardware wallet with ease.

AlgoSafe has been audited by ShellBoxes.