Exploring Account Abstraction and Chain Abstraction in DeFi with Connext
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High Rollers:
A concept we’ve been hearing a ton about (and I’m sure you have too) is Account Abstraction.
Basically, instead of using metamask for your wallet you’ll have a smart contract wallet which can do tons of custom operations and can initiate / conduct TXs without the need for an EOA (aka MetaMask/signer).
We’re very bullish on AA.
Similarly, we’re excited about chain abstraction👀
Imagine interacting with a dApp and not knowing (or caring) which chain you were on. You just want the cheapest fees & best liquidity.
Connext is bringing this reality to the forefront of DeFi UX.
In todays convo with CTO Rahul, we dive into this concept and…
- How Connext is shaping cross-chain governance and making it easier for DAOs to operate in several execution environments
- Where this new xERC20 standard comes in and why they are so convicted in the positive effect of its adoption
- Rahul’s overall opinion on the state of bridging and cross-chain DeFi
Hope you guys enjoy this one!
Cheers,
Andy
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