In the fast-paced world of decentralized finance (DeFi) and decentralized applications (dApps), user experience takes precedence. And Self Chain is at the forefront of transforming the way users interact with the DeFi landscape. Imagine a world where your intent to trade, invest, or participate in DeFi activities is effortlessly transformed into actions, all while maintaining security and user-friendliness. That's the vision that Self Chain's Intent SDK and Account Abstraction are bringing to life.
In this context, "intents" are users' expressions of their desired actions or transactions. These expressions are typically conveyed in everyday language, like through a chat interface or voice command, allowing users to communicate what they want to achieve within a dApp or blockchain system. The beauty of intents is that users don't need to grapple with the technical intricacies of blockchain; they can simply state their goals naturally.
The magic happens when intent recognition and processing systems come into play. These sophisticated technologies interpret user expressions and convert them into actionable commands or transactions within the blockchain or dApp ecosystem. In essence, intents bridges the gap between humans and blockchain, making this groundbreaking technology more accessible and user-centric.
DeFi Over Intent SDK: Redefining User Experience
Now Let's dive into the future of DeFi and dApps, where user intentions are seamlessly translated into transactions, thanks to the Self Chain’s innovative combination of Intent SDK and Account Abstraction.
1. User Expresses Intent
It all starts with you, the user, expressing your intent. Suppose you want to buy 0.25 Ethereum (ETH) using 500 USDC (a stablecoin). You make this intention clear through your interaction with a user interface.
2. LLM UI - Your Friendly Interface
Here's where the magic begins. The Large Language Model User Interface (LLM UI) enters the scene. It's like your digital assistant, deciphering your intent and conveying it to Intent Searchers. It ensures transparent communication, making your DeFi journey smooth and intuitive.
3. The Role of Account Abstraction and Keyless Wallet
Intent Searchers work behind the scenes. They fetch your balances, approve access, and verify token receipt updates. All of this happens securely through the Multi-Party Computation - Threshold Signature Scheme (MPC-TSS) and Account Abstraction.
4. Intent Search: Finding the Optimal Path
Intent Searchers are on a mission to find the best way to fulfill your intent. They explore the DeFi landscape, looking for the most favorable offers and seeking your permissions via the LLM UI.
5. Intent Solver - Where dApps Come into Play
Now, it's the turn of decentralized applications or dApps to shine. They offer strategies to meet your demand and even sponsor the gas fees, ensuring you enjoy gasless transactions. No more worrying about paying transaction fees; the dApps have got you covered.
6. AI's Offer for User Approval
Based on your balances and the best offers identified, the AI presents you with an option. It's your time to review and approve the proposed transaction - in this case, buying 0.25 ETH for 500 USDC. One transaction, all steps covered.
7. User Notification of Success
The finale! You receive a notification via the chat interface, informing you of the successful DeFi trade. You now have 0.25 ETH securely in your wallet, ready for your next DeFi adventure.
The Future Is Here: Seamless, Secure, and User-Friendly
Self Chain's revolutionary approach to DeFi and dApps is all about automation, AI assistance, and user-centric design. With Intent SDK and Account Abstraction, they've created an ecosystem where your intent is your command, and the complexities of DeFi are handled behind the scenes. This is the future of DeFi - effortless, secure, and user-friendly.
Join Self Chain on this exciting journey of transforming DeFi into a realm where your intentions are effortlessly turned into actions, where DeFi truly becomes decentralized and user-centric. The future is here, and it's called Self Chain.
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.