Hey everyone!
Couple of weeks ago, we introduced Sovraniche, shortly after then we have not really posted or updated the community. This is because we've been building something we think is going to be really useful for the Sovraniche community. Today, we're finally pushing our native, multichain Web3 wallet to production.
The Goal: To let you interact with the broader crypto ecosystem and keep it all tied directly to your existing Hive account.
Wallet Security (Non-Custodial)
We understand that there might be security concerns as regards safety of your funds and if we do not have access to your generated seed phrase. But when you set up your wallet on Sovraniche or any stand alone Sovereign frontend, you simply generate a standard 12-word recovery phrase right in your browser and securely save it offline. We absolutely don't hold your keys at all.
Be rest assured:
- Your actual keys never gets stored in any database.
- You have full custody over your wallet and funds.
- When transacting, you just approve a quick Hive Keychain prompt.
Your wallet is 100% non-custodial.*
⛓️ What chains are supported at the moment?
At the moment, our multichain wallet supports:
- EVMs: Ethereum, BNB Smart Chain, Base, Polygon, and Arbitrum.
- Parallelized L1s: Solana and Aptos.
- UTXO chains: Bitcoin, Litecoin, and Dogecoin.
- Tron: TRX
- Stablecoins: USDT on ERC-20, BEP-20, TRC-20, and Solana.
A cleaner UI experience
If you head to your profile's wallet tab right now, you will see the new interface. Here are a few improvements we've added:
- Fiat tracking: Real-time USD values for all your balances.
- Smart gas checks: You are immediately notified from the UI if you have enough gas to cover a transaction. The UI will calculate fees and structurally inform you on transaction fee rather then making you proceed with a transaction and eventually telling you that you don't have enough gass fee which can be very frustrating.
- Solana ATAs: We automatically handle the creation of Associated Token Accounts if you're sending Solana tokens to a new address.
The market section and What's coming next?
If you've taken a look at the Market page recently, you will notice the P2P and Swap buttons are currently grayed out with "Coming Soon" badges.
Now that the core multichain wallet architecture is perfectly stable, our entire focus is shifting to the Trustless P2P Dashboard and the Arbitrage Swap feature.
The End Goal: Let you safely trade between HIVE/HBD and other cryptos natively using smart escrow logic.
🛠️ To test out the multichain feature,
Ready to give it a spin? Here is the URL; https://beta.sovraniche.com
- Head over to the Wallet tab in the dApp.
- Click "Initialize New Wallet".
- Sign the Keychain prompt.
- You're good to go!
If you already have an external wallet from another non-custodial provider, you can also seamlessly import your seed phrase directly on Sovraniche.
For Community Leaders & Builders
If you run a community and want to leverage this exact same architecture for your own audience, you can deploy your very own Hive-powered Sovereign frontend today.
Head over to the Sovraniche Setup Portal to get started.
If you need a walkthrough, we've published a complete step-by-step tutorial on how to configure and launch your community platform here: Read the Setup Tutorial
There's more to explore!
While you're checking out the wallet and community set up, feel free to explore the rest of the dApp. You can already start engaging with our other features like Stories, Video Shorts, Real-time Chats, and much more!
We are really looking forward to your feedback. Let us know down in the comment if you run into any bugs or if there are specific chains you want us to prioritize adding next!