Concepts

Why SolverFi Is The Next Big Trend In Crypto

August 29, 2024, 11:02 PM
Why SolverFi Is The Next Big Trend In Crypto
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Explaining the Shift Towards Intents and Solvers Across Blockchains with Khalani

We've been studying the chain abstraction stack pretty heavily recently.

Over the last few months, we've developed a thesis that our optimal outcome in the more immediate future is to have a frontend UX powered by a wallet abstraction provider which allows for all your crypto balances across all chains to be aggregated in one place. Then, when you interact across various different dApps in the crypto space, the cross-chain bridging and settlement takes place via intent-based interoperability providers (aka solvers).

At its core, the intent-centric approach shifts the focus from specific chains to desired outcomes, enabling users to specify what they want, while solvers—a network of offchain agents—work behind the scenes to make it happen across multiple blockchains.

In our discussion today with Kevin Wang from Khalani, we delve into how this model enhances user experience by removing the complexities of gas fees, bridging, and the need for users to interact directly with specific chains.

We discuss the process to democratize solver networks breaking down the solving process into specialized tasks, allowing smaller solvers to collaborate, which in turn creates a more scalable and efficient architecture.

We’ll also look at how Khalani’s infrastructure supports low-latency execution and onchain coordination. We pushed back on the possibilities of "dethroning" the Wintermute's of the world (those who dominate the solving game currently) and Kevin responded quite thoroughly with a plan to do so.

This piece is packed with insights into how intents can optimize both application performance and user interaction in a rapidly evolving onchain world.

Hope you enjoy.

The Rollup