🏦Smart Accounts

The Automate API is centered around the concept of a Smart Account, which is a customized Gnosis Safe with a 1 of 2 multi-sig threshold where the customer controls one key and Paymagic controls the other. A Smart Payout Account allows automated transaction execution, batching, fraud prevention, gas management, and cross-chain execution.

Every customer has 1 or more Smart Accounts, which can be on any EVM compatible chain.

  • On Ethereum Mainnet: /eth/account/0xabc...def

  • On Optimism: /oeth/account/0xabc...def

  • On Polygon: /matic/account/0xabc...def

  • On Rinkeby: /rin/account/0xabc...def

Smart Payout Account Architecture: Onchain

In the future, Paymagic will support other Smart Accounts beyond Smart Payout Accounts.

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