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Daimo

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YOUR DOLLARS, WORLDWIDE




PAY PEOPLE OR RECEIVE USDC ANYWHERE.


Download on App Store



WHY DAIMO




SECURE



Store money using secure hardware on your phone. Yours alone, like cash.


GLOBAL



Receive USDC from anyone. Send anywhere, including to .eth addresses.


SNAPPY



Transfers are instant on rollups, with all the security of Ethereum under the
hood.

There are these apps that just feel good to use but you can't exactly describe
why. Daimo is one of those.

Kristof Gazso


ERC-4337 coauthor, founder of Pimlico


FREQUENTLY ASKED QUESTIONS


 * How do Daimo accounts work?
   
   
   
   Daimo accounts are Ethereum accounts.
   
   Under the hood, they're a new and much-improved type called an ERC-4337
   contract account. Each device you add to your account stores a secret key.
   When you send money, your phone first authenticates you with FaceID or
   similar, then cryptographically signs the transaction using that key.
   
   Daimo is non-custodial. Your keys, your coins.
   
   Daimo offers stronger security than traditional wallets. Keys live in
   dedicated hardware made for storing secrets, such as Secure Enclave on
   iPhone, and never leave your device.
   
   
   
   
 * Which stablecoin does Daimo use?
   
   
   
   Daimo runs on USDC, a high-quality stablecoin issued by Circle.
   
   Stablecoins are cryptocurrencies designed to maintain a stable value. Many
   are pegged to the dollar, so that one coin is worth $1. Circle is a US-based
   licensed money transmitter partnered with Coinbase. USDC is one of the
   largest and most liquid onchain dollar equivalents. Learn more on Bluechip.
   
   
   
   
 * Which blockchain does it run on?
   
   
   
   Daimo uses Base, an Ethereum rollup.
   
   Rollups support near-instant transactions that cost a few cents each. By
   contrast, transactions on the underlying Ethereum chain (layer 1 or L1) take
   about 10 times as long and cost a few dollars each. Rollups accomplish this
   by bundling many transactions into a single L1 transaction. They inherit the
   strong guarantees of Ethereum: like L1, Base is reliable and secure, and
   works worldwide. Learn more on L2Beat.
   
   
   
   
 * Can I send other coins like USDT, or use other chains like Polygon?
   
   
   
   Not yet. We plan to support payments in other stablecoins and on other chains
   soon.
   
   
   
   
 * Who can see my Daimo transactions?
   
   
   
   Currently, all Ethereum transactions are generally public, including Daimo
   transactions. We plan to add private payments as the infrastructure and
   support for them matures.
   
   
   
   
 * Is Daimo open source?
   
   
   
   Yes, Daimo is and will always be open-source under GPLv3. We're here to
   collaborate. We want to make self-custody fast, safe, and easy. See more on
   our Github.
   
   
   
   


MEET THE TEAM




DC POSCH


Co-founder

x, fc


NALIN BHARDWAJ


Co-founder

x, web

© 2023 Daimo

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