Cosmos is modular and one of the SDK modules is called authz. This lets another address (including another contract) act on your behalf, if you wish to grant that ability.
CosmWasm has made authz more granular so you can grant the ability to call another smart contract "for you" but only for select methods.
This project builds on those foundations, and introduces the idea of a secure factory that generates contracts with very specific privileges.
"Hey, create an account that's only allowed to claim and restake on my favorite DEX. Here's a new key I generated that's allowed to call this contract so it can act like me."
Why?
An easy use case is for CronCat, an automation layer. With CronCat, you can schedule executions to happen in the future. You can create a task that calls this new type of contract and allow it to "be you" for that moment. This unlocks untold potential, but at the minimum allows for automatic claim-and-restake on your favorite DEX safely.
Future
Now that we've established you can create a contract that can act like you (in a customizable, limited way) the next step might be to associate one or more keys with it.
This would bring "function-call access keys" to CosmWasm, very similar to what NEAR Protocol has but arguably more powerful, since CosmWasm logic can determine how restrictive the privilege is.
Combine that with some work from the dev community around account abstraction, and we can side-step concerns about how gas would be paid for these new keys that are assigned the privilege of "being you." (See Larry0x's account abstraction SDK module)