We were really excited to release this as well.

To answer your questions, Altera is the frontend, think of it like Peakd here. Anyone can spin up their own frontend from the Altera code and run it themselves. Its open source.

Right now I am working on an SDK which would allow you to do the crosschain swaps from the Peakd wallet, Ecency, Keychain... if they integrate it ofc, so in that way youre not overly dependant on Altera. You can use it for the full experience and expanded functionality.

The Magi team cannot lock wallets or move funds from user wallets. The infra is precisely designed to avoid that. Thats why almost nobody else has this tech in the entire crypto ecosystem.
Extremely complex to do but what it does is make sure no single party controls the keys and theres no single point of failure.

Do you mean in the catastrophic event of losing DHF funding? 😅
It would be very hard for Magi to survive if that happens in such early stage before we start generating revenue.

But even then the user funds would be safe. You can yourself run a validator/witness right now to secure the system and produce blocks. So in that way its not dependent on us.

What is dependent on us is development ofc and decision making on what direction to go in, what next project to integrate with. We do not yet have a governance layer to further decentralize Magi on the decision making side. Thats something we are looking at for the mid term.

• You need both BTC and HBD, you can either deposit BTC to your Hive account or simply buy the BTC from our pools. Or you can provide liquidity to the HBD/HIVE pool as well.