An Account Abstraction (AA) smart contract wallet ensures assets are exclusively controlled by smart contracts while offering advanced features like batch transactions, gas fee delegation, key recovery, and more. Discover the exceptional capabilities of AA smart accounts.
Initially, OKX Wallet will support AA smart account creation on seven blockchains: Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, and OKTC.
Why Use an AA Smart Account?
- Enhanced Security: Utilize multi-factor authentication and account recovery.
- Improved Convenience: Simplify complex actions—like token swaps on DEXs—into single-step processes.
- User-Friendly: Eliminate reliance on native chain tokens for gas fees; pay with stablecoins or enable third-party gas fee coverage.
- Expanded Possibilities: The wallet itself is a smart contract, combining OKX Wallet’s security with customizable features.
AA smart accounts are derived from standard accounts to manage on-chain behavior and account recovery. To create/import an AA smart account, you must first set up a wallet. Learn how to establish a standard OKX Wallet here.
Steps to Create an AA Smart Account:
- After creating your wallet, select Add Account > Smart Account to generate an AA smart account.
(_Dropdown menus guide the process._)
Note:
- Only one AA smart account is allowed per private key/keyless wallet.
- Only one AA smart account per encrypted phrase wallet sub-account.
Importing an AA Smart Account
To import an AA smart account, you must import the corresponding wallet. If your AA account was created in a private/keyless wallet, it auto-recuperates upon wallet import (if it holds a balance). For encrypted phrase wallets, manually add the account after importing the wallet.
Key Differences: EOA vs. CA vs. AA Smart Accounts
| Account Type | Description |
|---|---|
| Externally Owned (EOA) | Direct private key control (e.g., encrypted phrases, keyless wallets). |
| Contract Account (CA) | Code-controlled (e.g., token/DeFi contracts). No private keys. |
| AA Smart Account | Programmable accounts enabling batch transactions, gas delegation, key recovery. |
FAQ
1. Can I create an AA smart account without a wallet?
No. A standard OKX Wallet is required to create an AA smart account.
2. How do I delete an AA smart account?
Follow this guide for deletion steps.
3. What should I watch out for with AA smart accounts?
- Higher gas fees due to contract deployment/complexity.
- Limited DApp support may cause errors.
- Use OKX’s keyless wallet for backup access.
4. Why are gas fees higher with AA smart accounts?
- Initial contract deployment costs.
- Complex interactions demand more computational resources.
5. What future features will AA smart accounts have?
- Social recovery.
- Multi-signature functionality.
- On-chain investment strategies (e.g., copy trading).
The Future of AA Smart Accounts
OKX Wallet plans to introduce:
- Mini-program frameworks for gas fee sharing.
- Modular investment tools.
- Enhanced social recovery options.
Embrace the next evolution of wallet technology with AA smart accounts!
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