In the age of web3, the investment landscape is undergoing significant changes. Among these, the most profound is perhaps the shift towards greater accessibility, transparency, and security. basedVC is at the forefront of this transition, facilitating a seamless investment experience for all. A key feature enhancing this experience is Delegated Access, an innovative and robust solution for our Partnered NFTs.
Currently available exclusively for Partnered NFTs, Delegated Access revolutionizes the safety management of your NFTs. This unique feature empowers you to delegate your investment activities while ensuring the utmost security of your valuable on-chain assets.
While utilizing delegated access, please be aware that all your investments will be assigned to your hot wallet. This implies that if you prefer your investments to be associated with your cold wallet, you will need to reassign the investment from your hot wallet to your cold wallet.
In addition, our login flow is designed to first check if the user has a Partnered NFT on the wallet, then if there is a record of an injected wallet, and finally if there is delegated access. If your hot-wallet address was previously manually injected and you decide to switch to delegated access, you will continue to login with your injected wallet, with access and permissions assigned to the same. To migrate to delegated login, get in touch with the basedVC staff through the ticketing system available on your Partnered NFT discord.
<aside> ⚠️ IMPORTANT If you prefer your investments to be assigned to your cold wallet, you'll need to reassign the investment from the hot wallet to the cold wallet.
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We integrate Delegated Access into our login flow through a battle-tested and safe solution - delegate.cash. This platform enables users to link cold wallets with hot wallets, and then the hot wallet can act on behalf of the cold wallet, akin to a crypto power-of-attorney.
For the average crypto user, you simply need to use delegate.cash to assign a hot wallet delegate for your cold wallet vault. The delegate then has permission to claim airdrops or other utilities on behalf of the vault, but cannot access anything within the vault. You can assign a delegate for everything, a specific contract, or a specific token.
image from https://docs.delegate.cash/
Below you can find a copy of instructions from the official delegate.cash wiki page.