Ambire

Ambire Wallet has launched their new rewards program featuring unique characters. The gamified rewards system is now live at [rewards.ambire.com](http://rewards.ambire.com). - Users can interact with different characters - Each character represents different reward tiers - Program combines wallet functionality with engaging gameplay elements Check out the walkthrough to discover your potential rewards and meet the character lineup.

**Key Updates from Ambire Wallet:** - Ethereum Foundation forked Ambire for a privacy-focused prototype wallet (Kohaku) - Transaction batching and gas abstraction now live on 10 chains - New features include improved app catalog and multi-token swaps - Governance milestone: 100+ voters in a single vote **Rewards & Treasury:** - Season 1 offering 20M $WALLET tokens - Treasury acquired 50M $WALLET through buybacks *Recent achievements include smart EOA upgrades for 25,625 addresses and successful launch of the extension wallet in May.* [Read full journal](https://blog.ambire.com/ambire-journal-things-are-growing/)

Ethereum's upcoming upgrade introduces EIP-7702, a significant improvement for wallet functionality. This proposal aims to enhance account abstraction, enabling wallets to support both basic (EOA) and smart accounts simultaneously. Key points: - Hybrid account abstraction improves security and user experience - Combines benefits of traditional and smart contract wallets - Ambire implements this solution for enhanced wallet functionality [Read the detailed analysis](https://blog.ambire.com/eip-7702-wallet/) to understand how this upgrade affects your Ethereum experience.

Ambire has successfully demonstrated enhanced EOA (Externally Owned Account) capabilities on the Ithaca Odyssey Testnet, previewing features from Ethereum's upcoming Pectra upgrade. Key improvements enabled by EIP-7702: - Transaction batching for multiple operations - Simplified token approval management - Gas fee payment using ERC-20 tokens These features will be available to all existing Ethereum accounts, marking a significant advancement in wallet functionality and user experience. [View demo transaction](https://benzin.ambire.com/?chainId=911867&txnId=0xd1e0755113190d9ca650f05ebcf6959707c28ab95f707be805a2dfdd75e76c75)

Ambire has opened community voting for the distribution of Legends rewards, marking a significant governance milestone. - Voting period runs until January 29, 2025 - Community members can participate through Ambire Discord - Detailed proposal available for review and discussion This follows December's successful 2x points multiplier initiative during the Christmas period. *Your participation shapes the future of Ambire Legends rewards.*

The Bungee Exchange Protocol has launched, offering early access to Ambire wallet power users. This new protocol is being touted as a potentially significant development in the crypto space. Key points: - Ambire users can obtain 'Bungee Balls' for early access - The launch is described as potentially the 'drop of the year' - Early adopters may have a unique opportunity to test the protocol While the exact features and benefits of the Bungee Exchange Protocol are not detailed, the announcement suggests it could be a noteworthy addition to the crypto ecosystem. Interested users are encouraged to check the related tweets for more information on how to participate.

**Key Points:** - Extension launch campaign has a 195M WALLET allocation - Extension access qualifies users for the campaign - Extension users are already silently accruing XP This information confirms the scope and benefits of the extension launch campaign. Users with extension access are automatically included and have been accumulating experience points without explicit notification. The substantial WALLET allocation underscores the campaign's significance. *What's next?* Stay tuned for further updates on how to maximize your participation in the campaign.

Account abstraction wallets are often misunderstood. Let's clarify some common misconceptions: - **Message Signing**: These wallets can indeed sign messages. - **dApp Connectivity**: They are capable of connecting to decentralized applications. - **Hardware Wallet Support**: Account abstraction wallets can integrate with hardware wallets. - **Cross-Chain Consistency**: It's possible for these wallets to maintain the same address across different blockchain networks. Ambire Wallet is highlighted as an example that demonstrates all these capabilities, showcasing the versatility of account abstraction technology in practice.

Ambire has implemented a new security feature to enhance user protection. The wallet now alerts users about significant asset outflows before they sign a transaction. This proactive measure aims to prevent unintended large transfers and potential scams. Key points: - Alerts triggered for substantial asset movements - Notification occurs before transaction signing - Designed to improve user awareness and security This feature encourages users to double-check their transactions, potentially reducing errors and enhancing overall wallet security. Users are prompted to consider their thought process before signing transactions, promoting more mindful crypto management.

**RevokeCash reports $417M stolen** due to unlimited token approval exploits since 2020. This highlights the urgent need to improve token approval management in the crypto space. - **Ambire extension** offers a solution by supporting EIP-5792 - EIP-5792 aims to eliminate manual token approval management - **Developers urged to explore** EIP-5792 for enhanced security: https://eips.ethereum.org/EIPS/eip-5792 This development underscores the importance of evolving security measures in the rapidly changing crypto landscape. Users and developers alike should stay informed about such improvements to protect assets and enhance overall ecosystem safety.