📄️ Overview
To begin trading on Silhouette, a user first deposits assets to Silhouette on HyperCore. Next, is prompted to create a managed wallet for frictionless trading, as well as a unique encryption key to shield interactions. This managed wallet executes EVM transactions on a user's behalf. In total, there are three components relevant to a Silhouette account:
📄️ Encryption Key
The purpose of your encryption key is to shield your Silhouette balances and trading activity from everyone but you.
📄️ EVM Wallets
There are certain functions that only the EVM wallet can perform, namely:
📄️ Managed Wallets
These are ephemeral wallets that are created in traders' browsers to facilitate frictionless trading. They are registered with the Silhouette smart contract and are thereafter authorised to submit orders on behalf of traders' primary accounts.