Access Control
Last updated
Last updated
Moving far beyond simple wallet ownership, Functor Network introduces a sophisticated, programmable access control layer. Using dynamic, rule-based logic and session-based permissions, developers and users can define granular, context-aware parameters for any onchain operation.
This moves security and permissions from a binary "all or nothing" model to one of nuanced, temporary, and scoped access. A "" can be generated to grant an application or agent a specific set of permissions for a limited time, dramatically enhancing security and user experience.
This unlocks a new tier of onchain interactions and primitives:
Define exactly what actions a third party (like a new DeFi protocol or a gaming application) can perform on your behalf. For example, approve a protocol to swap a specific token up to a certain amount, but nothing else.
Grant permissions that are only valid for a specific duration or allow for continuous "streaming" of approvals for applications like recurring payments or subscriptions, without needing to sign a new transaction each time.
Set rules that only permit transactions under specific onchain conditions.
For instance, an operation might only be approved if a specific asset’s price is within a certain range or if a DAO governance vote has passed.