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Daimo is a non-custodial smart contract wallet built on Ethereum account abstraction (ERC-4337), operating on the Base chain with USDC as its core transaction asset. It leverages WebAuthn passkey technology, allowing users to authorize transactions directly via mobile biometrics (e.g., FaceID) without managing seed phrases or private keys. Its mechanism stores private keys securely in device secure hardware, with accounts controlled by smart contracts, balancing security and usability.
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About Daimo
Daimo is an Ethereum-based payment wallet that runs on the Base network using USDC stablecoin. It eliminates seed phrases by storing private keys in the phone's secure enclave, supporting multi-device and Passkey backups. The core product is Daimo Pay, a cross-chain payment SDK that enables merchants to accept payments from 10 EVM chains plus Solana, covering 700+ tokens, with automatic token swapping and bridging via Axelar and Circle CCTP. The SDK offers a React modal and REST API, settling in a single transaction typically under 5 seconds.
Its competitive narrative centers on account abstraction (ERC-4337) for a non-custodial, keyless experience, combined with an intent-based architecture that simplifies cross-chain payments. The main pain point addressed is the complexity of crypto payments—users avoid seed phrases, while merchants avoid multi-chain integration overhead.
In the past six months (Feb–Aug 2026), Daimo transitioned from a consumer cash app to a payments infrastructure provider. Notably, the old Daimo app was shut down, with users asked to withdraw funds. The Daimo Pay contracts were audited by Nethermind (April and August 2025), and the system supports native tokens, wrapped tokens, and stablecoins across all supported chains.
During 2026-03-15 to 2026-09-15, Daimo shifted from a consumer passkey wallet to a B2B stablecoin ramp platform. Key milestones: (1) Daimo Pay SDK launched, enabling apps to accept deposits from any chain/currency into USDC on Base without bridges or swaps, with 15-minute integration; (2) expanded rails including Interac (Canada), Apple Pay, ACH (US), SEPA (EU), JPYC (Japan), ARS (Argentina), Bre-B (Colombia), and PIX (Brazil, soon); (3) secured a $2M seed led by Vitalik Buterin and Feross Aboukhadijeh, with Ethereum Foundation and Optimism retroPGF grants; (4) integrated with MiniPay for cross-chain deposits. Future roadmap: continuously add local bank rails and stablecoin corridors per market, targeting neobanks and fintech apps as primary users, with the stated goal of becoming "the ramp for ambitious stablecoin apps" — a non-custodial, always-up-to-date payment layer on Base.
Daimo's co-founders are Nalin Bhardwaj and DC Posch. Nalin is a blockchain engineer focused on account abstraction and cryptographic verification; he co-authored EIP-7212 and developed the p256Verifier contract. DC Posch is a product-minded developer with experience in Ethereum infrastructure and user-facing crypto applications. Together they built Daimo, a non-custodial stablecoin wallet using passkeys and smart accounts. No other core executives are publicly disclosed.