Account Abstraction here, Account Abstraction there, but what does it really enable?
Well, we already have plenty of in-production AA-based features on Starknet, with much more to come over time 👨🍳
Here’s the power of Starknet’s native account abstraction.
1️⃣ 1-Click Everything
Currently, while interacting on Starknet, you just need 1 click for all of your DeFi needs.
Non-Account Abstraction-based Ecosystem 🐢🐢🐢
➯ Swap: 1 transaction to approve your asset, wait, 1 transaction to swap, wait again 🐢🐢
➯ LP: 1 transaction to approve the first asset, wait, 1 transaction to approve the second asset, wait again, 1 transaction to add liquidity, wait once more 🐢🐢🐢
➯ Lend/Borrow: 1 transaction to approve, wait, 1 transaction to lend/borrow, wait again 🐢🐢🐢🐢
Starknet ⚡⚡⚡
➯ Swap: 1 transaction to approve and swap ⚡
➯ LP: 1 transaction to approve both assets and add liquidity ⚡⚡
➯ Lend/Borrow: 1 transaction to approve and lend/borrow ⚡⚡⚡
In gaming, you will soon only need one click to start your session and… that’s it! No more transactions to execute during your game, all thanks to session keys. Session keys is coming on Starknet Mainnet (very very soon fam), powered by @argentHQ on @influenceth, and more broadly with @LootSurvivor and @cartridge_gg.
2️⃣ Gas Fees
Now let’s talk about gas fees… It can sometimes be inconvenient to always pay gas fees with a single token. Yes, we know 😣
On Starknet, you can currently pay gas fees with ETH and STRK, and very soon with many more tokens, thanks to:
🐺 @avnu_fi Paymaster Infrastructure: You can already pay gas fees in USDC and USDT on it; and if you are a dApp on Starknet and want to integrate AVNU paymaster for your users, you can contact them now!
🐺 Protocol-Level Paymaster on Starknet: The timeline is TBD. We will adjust based on community demand, but this is coming too 🤓
As a result, we are moving closer to a world where users won’t even need to pay gas fees: we believe that eventually, gas fees will be funded directly by projects, similar to what we see in web2.
How? Thanks to Paymaster and Starknet’s ultra-low gas fees. Well, they are actually almost negligible: currently averaging $0.002! And these fees will continue to decrease with further optimizations (Volition, Stwo…).
3️⃣ Security
The Starknet ecosystem places a high priority on user security. That’s why on Starknet, users have access to:
🐺 2FA and 3FA features offered by Starknet native wallets @argentHQ and @myBraavos
🐺 Limited approval, which authorizes dApps to use only what the user needs to execute a TX, not a penny more
🐺 Daily spending limits proposed by Braavos wallet
🐺 Real time fraud detection by Argent X
🐺 Social Recovery
All of this is just the tip of the iceberg of what Native Account Abstraction enables; much more is being developed by the community 🧑🍳
The bug is the poor design of ERC20 allowance mechanism. It's a nightmare for security. Time to move to better practices.
Native account abstraction + multicalls fix this.
#Starknet
Faster, easier, stronger, Starknet v0.13.2 is only a few weeks away 💅
This new version will provide the Starknet community with faster transactions at no extra cost, an improved developer experience, and increased congestion threshold 💪
Coming in August 🫡
Hey PROPS Fam
The time is here!!! @PropbaseApp ( $PROPS ) 🤝 @bitgetglobal join in an epic partnership! For a mega exchange Listing.
Let's take this to the next level 🚀
#Bitget Deposit to List PROPS will start at Jan 9, 11:00 UTC. Get a chance to grab 666,666 PROPS Prize Pool!
🔷Ranked 11th in Global Crypto Exchanges by CMC
🔷900M Daily Trading Volume
🔷One of the Fastest Growing Crypto Exchanges
Full details below 👉
#Aptos #Propbase #RWA
Opal’s Flywheel
Designed to deepen on-chain liquidity and simplify access to sophisticated farming opportunities, Opal introduces a set of synergistic and innovative features.
Let’s see how it will help the project to sustain a competitive value proposition over time
A thread🧵
Bootstrapping Opal 📈
As an up and coming DeFi project, Opal is at a turning point where it requires to snowball its growth and reach the so-called “escape velocity”.
In preparation for it, a seed round was conducted strategically to bootstrap Opal’s network effect, engaging stakes with key actors of ecosystem projects such as @Balancer, @AuraFinance, @RamsesExchange, @Paladin_vote, @Spiral_DAO; as well as onboarding key opinion leaders s/o @DeFi_Dad, @Bluntz_Capital, and more frens aligned with Opal’s vision.
Direct connections with the ecosystem's well established participants enable better coordination and roadmap delivery at a faster rate, and strong relationships with influential power users is a key catalyst to increase Opal’s visibility.
Opal Advent Calendar Event 🎄
Join us for a bountiful journey through Opal's Calendar Event, engaging the early community with fun activities and rewarding all participants with a very special Christmas gift !
Complete Zealy quests, take on distinctive roles, and engage in enthralling Discord games to accumulate points.
Your accumulated points will determine your position on the Zealy leaderboard, with top contenders earning a share of a cash prize pool. The points you gather hold an additional yet-to-be-revealed utility that will further enhance your Opal experience.
Head over to Opal’s discord where you will find all details of this special event.
It's time to dig a chimney in the cave ! ⛏
We're excited to introduce Fuelet, your soon-to-be favorite crypto wallet that brings the best of Web2 to Web3 for a seamless UX 🙌
We believe that @fuel_network , the fastest modular execution layer, will bring the next billion users to Web3.
Why? Read in the thread💈⤵️