# Account Management ### Account Management #### Understanding Accounts Kwenta's Smart Margin v3 (SMv3) has transitioned from traditional SM accounts to a novel system where accounts are NFTs. These NFTs are created and minted through the Synthetix protocol, acting as a tokenized form of authentication. Possessing one of these accounts is essential for participating in Synthetix Perps v3 markets and engaging with Kwenta's SMv3 system. #### Creating a Synthetix v3 Account To create an account, users must interact directly with Synthetix's Perps v3 market proxy. This process is outlined [here](https://github.com/Kwenta/smart-margin-v3/blob/b479bc5847bc1040c716fc8fbfc2e474c6e6307b/test/utils/Bootstrap.sol#L90). Once an account is created, users are required to assign [administrative privileges](https://docs.synthetix.io/v/v3/for-liquidity-providers/creating-accounts#account-permissions) to Kwenta's Engine, enabling enhanced trading functionalities. Further details about the Synthetix mechanism are available in their [documentation](https://docs.synthetix.io/v/v3/for-liquidity-providers/creating-accounts). #### Role in SMv3 SMv3 operates on an account-based permission structure. This system is integral for both the initial configuration and subsequent delegation processes. #### Additional Advantages A significant feature of this new system is that users retain exclusive control over their account NFTs. They have the liberty to revoke permissions granted to the SMv3 engine at any point. This approach to account ownership, distinct from previous SM models, enhances decentralization, aligning with Kwenta's commitment to higher standards of decentralization. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.v3.kwenta.io/infrastructure-overview/account-management.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.