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Security model

Pocket and Vault deliberately protect different jobs. Pocket keeps routine activity simple. Vault requires an extra approval for protected balances and security changes.

PocketVault
Normal approvalPasskeyAny two methods; normally passkey + phone
Best suited toEveryday balances and crypto appsProtected balances and sensitive changes
Main trade-offOne passkey can approve routine actionsMore setup and another approval
RecoveryVault can recover it after setupTwo remaining methods can replace one
MethodMain jobWhere the secret stays
PasskeySign-in, Pocket, and one Vault approvalYour authenticator or passkey provider
Phone approvalNormal second Vault approvalDevice-only storage on the approval iPhone
Recovery phraseRecovery and supported replacement pathsYour private offline copy

Cedar’s service coordinates account state and wallet requests. It receives public verification material and signed approvals, not these private secrets. Self-custody does not remove the need to review the action Cedar shows.

Normal Pocket actions need one passkey. Someone who can use that passkey may be able to approve Pocket sends or app requests, so keep only routine balances there.

Vault setup adds Pocket protection: Vault can replace Pocket’s passkey after a safety delay. It does not change ordinary Pocket actions into 2-of-3 actions.

Vault records three approval methods and requires two. Regular use combines the passkey and phone approval; the recovery phrase stays offline.

A spending limit is a deliberate exception. Vault uses two approvals to set the rule, then the Pocket passkey can move only the amount allowed by that rule.

  • Lost passkey: current approval phone + recovery phrase.
  • Lost approval phone: passkey + recovery phrase.
  • Lost recovery phrase: passkey + current approval phone.
  • Two lost methods: Cedar cannot meet Vault’s 2-of-3 threshold.

Phone approval and device-backed recovery are currently iPhone-only. The phone key does not automatically move to a replacement phone.

  • Someone controlling two Vault methods can meet its threshold.
  • A valid approval cannot prove that a recipient, token, site, or contract is safe.
  • Confirmed blockchain activity is generally irreversible.
  • Pocket remains a one-passkey wallet for normal activity.
  • Software, networks, passkey providers, devices, and Cedar’s service can fail or become unavailable.