โ๐ถ You like my hair? Gee thanks, just bought it,
I see it, I like it, I want it, I got it ๐ถโ
The famous words of Ariana Grande.
Sadly, we could never sing such when it comes to using a blockchain. You can't just see an NFT you like and get it.
It's more like โI see it, I like it, I want it, I check what chain, I connect wallet, I bridge funds, I try to buy, the transaction doesn't go through cause of slippage, I adjust slippage, I ignore the low estimated output because I have no other option, after 3 tries, I got itโ
Catch how stressful that is?
The user experience onchain is nothing to write a song about (pun intended).
The best user experience we can get is when you say your desired outcome and get it without labour or surprises and this is what LIFI Intents is all about.
The Intent behind LI.โFI Intents is simply:
- To reduce and remove user experience complications in web3.
- To prioritise user experience over technical infra and advanced money rails for once.
- To create an onchain economy where users aren't bearing all execution risks.
This solution matters even more because if we're being honest, the onchain economy cannot move forward without this crucial change.
Why is
@lifiprotocol the best protocol to build an Intent Solution?
LI.โFI protocol is the universal market access layer for digital assets. So, for instance, instead of a wallet integrating every single Dex that exists to access a wide variety of assets, they can simply integrate LI.โFI for complete access to the digital assets ecosystem. LI.โFI has partnered with 1000 partners, including: Metamask, Phantom, Binance, etc to transfer over $80 Billion in transfer volume across 100M total transfers.
LI.โFI is the reason you can make swaps on some of your fav wallets basically, and after years of helping protocols access liquidity and thousands of assets to enable swaps, bridging, liquidity provision and cross-chain activity, you can tell they have had first-class seats to view how wrecked the status quo is and know the best ways to solve it, which is via LI.โFI Intents.
If you still haven't caught it, LI.โFI Intents is a mechanism that creates the 7 Rings by Ariana effect. Users describe their outcome and get results without following multiple steps on their own. These steps are delegated to a network of Solvers committed to doing the work for you.
How it Works
- User expresses intent e.g Swap $500 usdc Arb to Tron
- The intent is distributed
- Intent is matched
- Solvers deliver
- The outcome is verified and settled onchain.
All within seconds .
LI.โFI Intents is currently supported by 15 chains and more if only you tag your fav chain to integrate LIFI Intents.
What can be achieved with LI.โFI Intents?
Every enterprise bringing financial products onchain can integrate LI.โFI Intents to enjoy the following use cases.
> It ensures exact output stablecoin swaps or transfers, no shortages. It also ensures zero slippage, gasless flows and covers major chains.
> Unified access to tokenised assets like RWA, gold, etc from licensed market makers.
> Access to solvers that are KYB compliant with OFAC screening built into every transaction.
The Ripple Effect
If a solo project, Dex or blockchain built an intent solution, I wouldn't be this excited, because their solution would be confined to those that use the Dex, chain, protocol, etc.
But with LI.โFI building this solution, it instantly pushes this solution to 1000 protocols. This is what we call the ripple effect. Intent-based payments will become the status quo simply because a protocol gets integrated with LI.โFI.
Intent will no longer be something that a blockchain offers because it's in their docs, every protocol building a solution in the onchain economy can plug in to this, creating a ripple effect that will automatically transform the user experience in crypto.
Tbh, it's the ripple effect that excites me the most.
How about you?
Do you think
@lifiprotocol Intents can make the poor user experience dilemma a thing of the past?
Let me hear your thoughts in the comments.