Got balls Part-time dictator @BungeeExchange
Joined June 2022
- Tweets187
- Following42
- Followers228
- Likes232
Buying $LUNA in 2 seconds on the @BungeeExchange ft @virtuals_io, @luna_virtuals
Should we make a video on how to buy @aixbt_agent as well?
Its live and its called @BungeeExchange
A global liquidity marketplace
As reliable as ever — old faithful.
Intents are cool but very much suffer at the bounds for stress and liquidity demands. The best systems will likely utilize both approaches. @StargateFinance very well positioned to do this or work with others to do it
Here is a mental model for everyone when thinking about intents vs bridges vs marketplaces
if you think about them like swapping protocols then
intents are like RFQs
bridges are like AMMs
RFQs will have better efficiency(price, latency) but will not be always available
for eg: in times of high demand you can count on market-makers not being available
AMMs have the opposite, while reliability is high efficiency will be low
So what is the solution?
BungeeCEO retweeted
Wow @VitalikButerin is in founder mode, he just asked the organisers to lock the door till the founders agree to common standards
L2 founders arent getting out till they agree
WTF is chain abstraction
it's simple. never bridge again, never manage multiple chain-specific balances or wallets.
just use apps by using @SocketProtocol
You ! Yes you!
Where you looking at ??? You ! Hello !?!? You staring at the screen!
You will get to experience the best chain abstracted experience if you head to @BungeeExchange
BungeeCEO retweeted
No chain! No pain!
Just swap!
Smooth af 🤌
Fast af 🤌
Get in 👇👇
Holding Bungee Balls?
You’re in!
Exclusively access Bungee Protocol at new.bungee.exchange 🟠
Note: App in beta — see disclaimer below.
Can’t agree more.
People are slowly understanding where we are heading next.
Checked out MagicSpend++ by @SocketProtocol, if you haven't already.
The future will be chain abstracted.
Man got dehydrated shipping @BungeeExchange .
Go check it out guys. The more you use it, the more sleepless this guy gets. 😝
BungeeCEO retweeted
Holding Bungee Balls?
You’re in!
Exclusively access Bungee Protocol at new.bungee.exchange 🟠
Note: App in beta — see disclaimer below.
BUNGEE mentioned!
how are intents and chain-abstraction related?
first, intents, lets consider a scenario where you are trying to reach NYC from LA
- intents: you get into robo-taxi, enter destination as NYC and go to sleep
- userOp: you get into robo-taxi, enter destination, select route and then go to sleep
- transaction: you get into a car, enter destination, select route and drive yourself there
intents are simply the most flexible access-delegation mechanism
when it comes to chain-abstraction the goal is to remove the need for users to transact onchain and to rather have other parties handle that complexity
both userOps and intents can enable chain-abstraction as they leave the "how" open while enabling users to either authorise "end-state" or "exact-instructions" depending on the usecase
so you as a user can now be "chain-abstracted" when you authorise third-parties to perform actions onchain on your behalf
2 quick examples of intents and userOps being used to enable chain-abstraction are:
- @BungeeExchange enabling access to assets anywhere via intents and liquidity-market
- Magic-Accounts by @zerodev that enable chain-abstraction via userOps
A generalised intents engine is super powerful and will be make it super easy for developers to built intentful applications, however when it comes to chain-abstraction, intents are a subset or one of the ways to achieve chain-abstraction
