Minimum Viable Product ( MVP )

Introduction

MirrorWallet is a next-generation crypto wallet designed to simplify and enhance the user experience in the Web3 ecosystem. Unlike traditional wallets, MirrorWallet focuses on security, accessibility, and interoperability while integrating advanced features such as biometric authentication, P2P subscriptions, cold wallet mode, and gasless transactions.

This document outlines the Minimum Viable Product (MVP) for MirrorWallet, detailing its core functionalities and a Figma prototype to visualize the user experience.


1. Core Features for MVP

1.1 Non-Custodial Wallet with Biometric Authentication

  • Access only via Face ID or Fingerprint, eliminating the need for seed phrases.

  • Secure cloud-based encryption for backup and multi-device synchronization.

  • Social Recovery Mechanism to regain access through trusted contacts.

1.2 Multi-Wallet Aggregation

  • Users can connect multiple wallets (MetaMask, Trust Wallet, Ledger, etc.) and monitor all assets in one interface.

  • Cross-chain compatibility without manual network switching (EVM, Solana, Aptos, Sui, etc.).

1.3 Custom Handles Instead of Wallet Addresses

  • Users can register a custom handle (@username) instead of a long alphanumeric wallet address.

  • ENS, Unstoppable Domains, and native system compatibility.

1.4 Gasless Transactions & Smart Payment Options

  • Transactions on supported blockchains (zkSync, Base, Starknet) without gas fees.

  • Option to pay gas with stablecoins (USDC, USDT).

  • Users can earn free gas by completing tasks such as staking or referrals.

1.5 Cold Wallet Mode (Air-Gapped Transactions)

  • Offline "Cold Mode" that disconnects the device from the internet for secure signing.

  • Transactions are signed offline via QR code or USB transfer and then sent using an online device.

  • Secure Enclave (iOS) / TEE (Android) for maximum private key security.

1.6 P2P Subscription Payment System

  • Users can pay for services (Netflix, Spotify, Amazon Prime) using crypto.

  • MirrorWallet automatically converts crypto to fiat and processes the payment.

  • Two models:

    • Direct Fiat Payment: MirrorWallet handles everything.

    • P2P Marketplace: Users match with others who pay subscriptions for them in exchange for crypto.

1.7 In-App DeFi & Trading Features

  • Auto-Swap at the Best Price: Aggregates rates from DEXs like 1inch and ParaSwap.

  • Staking & Yield Farming in-app: Direct staking without third-party DEXs.

  • Auto-Portfolio Balancer: AI-based recommendations for asset rebalancing.

1.8 On-Ramp & Off-Ramp for Crypto-Fiat Transactions

  • Direct purchase and sale of crypto via MoonPay, Ramp, Transak integration.

  • Users can convert crypto to fiat and send it to a bank account instantly.


2. MVP Scope & Prioritization

High-Priority MVP Features (Phase 1)

Biometric Authentication for Access Custom Handles for Wallet Addresses Multi-Wallet Aggregation Basic P2P Subscription System (Direct Fiat Payment Model) Gasless Transactions on Supported Chains On-Ramp & Off-Ramp Integration

Mid-Priority Features (Phase 2)

  • Cold Wallet Mode

  • P2P Subscription Marketplace Model

  • AI Assistant for Portfolio Management

  • NFT & RWA Wallet Integration

Low-Priority Features (Future Iterations)

  • Social Trading & Copy Wallet

  • On-Chain Messaging

  • Group Wallets (Multi-Signature)


3. Figma Prototype

A Figma prototype will be created to illustrate the MVP user flow and interface. Key screens include:

3.1 Wallet Creation & Login

  • Face ID / Fingerprint Authentication

  • Username registration instead of wallet addresses

  • Multi-wallet connection screen

3.2 Home Dashboard

  • Aggregated wallet balances across multiple chains.

  • Recent transactions and price trends.

3.3 Crypto Transactions

  • Send & receive assets using @username handles.

  • Gasless transactions & alternative payment options.

3.4 P2P Subscription Payments

  • Select a service (Netflix, Spotify, etc.).

  • Choose crypto for payment.

  • Review & confirm automatic monthly deductions.

3.5 On-Ramp & Off-Ramp

  • Buy crypto with a credit/debit card.

  • Sell crypto and withdraw fiat to a bank account.


4. Tech Stack

Blockchain & Wallet Infrastructure

  • Ethereum & EVM Chains: web3.js, ethers.js

  • Solana: @solana/web3.js

  • Smart Contracts: Solidity for EVM chains, Rust for Solana

Security & Authentication

  • Secure Enclave (iOS) / TEE (Android)

  • Cloud backup with end-to-end encryption

  • MPC (Multi-Party Computation) for key recovery

Frontend & Backend

  • Frontend: React Native (for iOS & Android)

  • Backend: Node.js + Firebase for notifications and user management

  • Figma for UI/UX design


5. Conclusion

The MVP version of MirrorWallet focuses on security, accessibility, and real-world crypto usability. With biometric authentication, multi-wallet aggregation, and a P2P subscription system, it differentiates itself from traditional wallets by offering an all-in-one Web3 financial experience.

This MVP will serve as a foundation to test market interest, attract early adopters, and gather feedback for future iterations.

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