During the beta period, Rivo does not charge any fees. However, you must still pay for on-chain actions like sending, swapping or Deployment fee.
What is the Wallet Deployment fee?
Rivo wallet is an AA (Account Abstraction) smart contract wallet so your Rivo wallet from which the funds are managed is basically a smart contract and there’s the cost of deploying the smart contract wallet on-chain.
ERC-4337 (the account abstraction standard) has an important optimization known as "counterfactual deployment." ERC-4337 does not deploy the smart contract account until the user’s first transaction. Before then, the account exists “counterfactually” — it has an address even though it’s not really deployed. So your users can receive assets even without paying any deployment cost.
So your first transaction from the new wallet will also process the smart contract deployment to the blockchain network. After that, your smart wallet will be all set to receive, send and interact with Dapps.
What is a Gas bank?
Paying for gas using smart wallets is different from what we are used to in a wallet like Metamask or Trust Wallet. In a smart wallet transaction actions are executed using EntryPoint (EP) contract and so-called Bundlers, which are contracts that execute transactions. To make the transaction, Bandler calculates the approximate cost of the gas and requests it for payment, but it is impossible to predict in advance with penny accuracy how much will be needed, so Bandler requests slightly more. What is left unspent for the current transaction will remain in the gas bank and will be utilized in the next transaction.
When will I start earning? How do I claim my interest?
Strategies presented on the Rivo Marketplace automatically claim and compound the rewards regularly, resulting in a constantly increasing price of a strategy token.
Has Rivo been audited?
Rivo marketplace provides a user-friendly interface to search, filter, and review Defi strategies, but does not have the smart contracts that are typically audited. However, the projects that are presented on the marketplace have smart contracts and code that has been reviewed by public auditors, which you can read on the strategy page.
What are the risks?
Rivo strives to provide a wide selection of the safest and most proven strategies currently available on the market, however the client is encouraged to make their own risk assessment as investing in Defi carries a considerable risk of partial or total loss of funds.
Participating in DeFi carries significant risks, including but not limited to: smart contract vulnerabilities, loss of funds, market volatility, regulatory risks, and other risks associated with emerging technologies.