What Is The Next Phase of Onchain Crypto? With Predicate

Welcome to episode 20 of EigenLayer Unlocked.

In today's video, we dive into the mechanics behind Predicate, led by Nikhil Raghuveera, and their goal to streamline transaction prerequisites across crypto.

This idea of “transaction prerequisites” may sound a bit like a mouthful, but the way we are thinking about it is bringing the crypto onchain UX far closer to that of the internet.

Predicate is on a mission to bring onchain transactions up to speed with global compliance and security needs. By focusing on transaction prerequisites— essential conditions that make or break the legitimacy of a transaction—they’re simplifying the way onchain apps can interact with users on the front facing level.

So, why EigenLayer?

Well, by using EigenLayer, Predicate taps into a decentralized operator network that checks, verifies, and issues signatures without the need for centralized infrastructure or a unique token. This network not only supports prerequisites like risk scoring and collateral validation but also provides the flexibility for applications to customize these checks based on their specific needs.

Using cryptoeconomic security allows Predicate to expand the functionality of onchain UX and provide verifiable, unique transaction logic.

With crypto’s growing reach into the global economy, Predicate’s work aims to ensure that crypto apps can operate with an easy UX while staying compliant in many cases.

Let’s unpack how Predicate uses the power of onchain and offchain data to create a more robust onchain UX.

Enjoy.

The Rollup