Navigating the Complex Web3 World
The web3 world is a rapidly evolving landscape, with various blockchains creating their own ecosystems and a multitude of decentralized applications (DApps) serving diverse purposes. However, for users looking to achieve specific DeFi goals, the process can be complex and overwhelming. They often find themselves juggling multiple wallets, switching between numerous tabs, signing multiple transactions, paying substantial fees, and managing intricate details like token approvals, slippage, and gas payments. This complexity not only poses a steep learning curve but also hinders users from seizing valuable opportunities.
Self Chain's Mission to Simplify Web3 Access
Recognizing the challenges users face in the web3 environment, Self Chain is on a mission to simplify access for the masses. As pioneers in this endeavor, Self Chain introduces the concept of Modular Intent-Centric Access Layer1 blockchain and a keyless wallet infrastructure service that leverages MPC-TSS/AA technology for multi-chain Web3 access. This innovative system is designed to streamline the user experience by adopting an intent-focused approach.
How Modular Intent Access Works - An Example
To illustrate how Self Chain's Modular Intent Access simplifies the Web3 experience, let's consider an example:
Let's say a user wants to use 3000 USDC to buy the most ETH possible using an Intent-centric MPC wallet
- The Keyless wallet’s LLM interprets the user’s intent and shares it with searchers.
- The searchers find the most efficient path (for example the DEX with the best price, and the smallest slippage..) to execute the trades and share the transactions with specialized solvers.
- The Intent Solver fetches balances and seeks permissions.
- Secure transaction signing with TSS to grant permissions to Solver.
- Intent Solver safely finds the multi-chain bridges, aggregators, and CoW to execute the transactions.
- Secure Transaction Bundling: Once permission is granted, Self Chain bundles the required transactions and fees. These transactions are signed securely using keyless wallets and the wallet balance is updated after the trades.
The Outcome: The user's intent is effectively solved using a single transaction, and it all happens in a fraction of the time it would take with traditional methods. This streamlined process not only saves time but also reduces the complexity and energy required for web3 interactions.
In conclusion, Self Chain's Modular Intent Access represents a groundbreaking approach to simplifying web3 access. By focusing on user intent and leveraging advanced technology, Self Chain empowers users to navigate the complex web3 world with ease, efficiency, and confidence.
About Self Chain
Self Chain is the first Modular Intent-Centric Access Layer1 blockchain and keyless wallet infrastructure service using MPC-TSS/AA for multi-chain Web3 access. The innovative system simplifies the user experience with its intent-focused approach, using LLM to interpret user intent and discover the most efficient paths.
Self Chain ensures that onboarding and recovery are effortless with keyless wallets that grant users complete self-custody over their assets. In addition, it provides automated rewards to dApps when they efficiently resolve user intent, further enhancing the user experience. Moreover, Self Chain incorporates Account Abstraction with MPC-TSS to provide secure signing and reduce transaction fees. It's a platform that redefines blockchain interaction, making it more secure and user-friendly for everyone.
In a world where blockchain technology is becoming increasingly essential, the user experience remains a critical factor in its adoption. Intents and Keyless Wallets are set to transform the landscape, making blockchain interactions more accessible, efficient, and secure. As we move forward, the blockchain industry has the opportunity to provide users with a seamless and enjoyable experience, unlocking the full potential of this groundbreaking technology.