Introducing Light: a new approach to tackle EVM UX fragmentation.
Light enables users to seamlessly interact with any EVM chain (including L2, L3s) as if you're using one single network.
The goal is to make using Ethereum a smooth experience everywhere.
Fragmentation of UX is one of the biggest problems that crypto faces right now
In the future, I believe users will interact with crypto through intents to achieve any desired outcome with a single click abstracting away all complexity
Here's the specs:
Overheard from my partner: “there are just too many chains & wallets, normies will never be able to use this - people in web3 absolutely have no thoughts whatsoever regarding mass adoption“
So. damn. true.
1. Network abstraction
Light enables you to instantly interact across chains seamlessly, and pay gas in ANY asset you hold across chains.
Here's a quick demo: Sending USDC on Arbitrum & Optimism, while paying gas w/ USDT on Polygon, all in one transaction.
📆 This Week in Web3
#008
📆
🤌 Adidas NFT $23mil drop
🤌 Eth POS testnet
🤌 First NFT index fund
🤌 Gravity bridge
🤌 Polkadot parachain launch
🤌 Bitcoin devs leaving
🤌 Uniswap to polygon
🧵 Details 🧵
2. Cross-chain asset management
When using Gnosis Safe, you typically have to create a new wallet for each chain, resulting in different addresses.
With Light, you can create a single smart wallet w/ the same address across all chains, it all just "works".
We've built a fully integrated tech stack to provide the best cross-chain experience for the end user, aligning w/ open standards like 4337 and 7579.
The aim is for anyone to spin up support for any new chain in seconds soon.
And it's all built fully through open source.
@LightDotSo
More chains, more problems
It's increasingly becoming painful to have to bridge/refuel to use a new chain. Bridging takes you out of the flow, it's slow and cumbersome. And it's only going to get worse as the number of L2/L3s increase.
Here's some things Light can do right now:
3. Batch tx execution
Transfer or move any number of assets, regardless of chain, simultaneously all in one go.
Send your tokens & NFTs in any underlying chain with a single signature that works across chains.
We’ve come up of a wallet prototype to demonstrate what dapps on web3 mobile can potentially become
Have experienced 5x decrease in connect wallets to interactions in certain dapps
We think there is something here to make web3 dapps flourish on mobile :)
Cross chain transactions should be akin to putting multiple items in your shopping cart and checking them out all at once when shopping online.
EOAs can’t do this.
Abstracting away accounts from execution logic unlocks decoupling entire chains altogether, making this a reality.
pr-codex from
@jj_ranalli
@dlabs_
on
@wagmi_sh
viem repo is a god damn life-saver. would be game-changing for hassling open source maintainers and reviewers as whole. superb utilitity.
📆 This Week in Web3
#006
📆
🤌 BTC/ETH 3 Year high
🤌 Badger $120 million hack
🤌 1inch Series B
🤌 Layer Zero Demo
🤌 Solana $2.6 billion bug
🤌 Square rebrands as Blocks
🤌 Starkware mainnet alpha
What are some fundamental limitations for 4337 from a UX perspective?
Some that I have in mind are:
- Smart wallets not being able to act as signers for other smart wallets
- Gas is assumed to be priced real-time, bundlers will not accept lower prices in the mempool
- Hard to
📆 This Week in Web3 📆
🤌 ETH hits ATH
🤌 a16z invests in FWB
🤌 Defi 2.0
🤌 AnubisDAO $60m rug pull
🤌 Alchemy $250 Series C
🤌 FB rebrands to meta
🤌 $500m Cryptopunk Wash Trading
🧵 Details 🧵
We're very excited to introduce
@LightDotSo
Light is a new web3 social network aimed to focus on social connections & identity, rather than monetary gains & returns.
🛸How Close Are We to a Chain Abstraction Future?
In the Rollup craze, we can only make it by simplifying infra complexity for users. Meaning one account, one signature, and one gas for all cross-chain ops. However, challenges persist such as account state sync, signature
smoothie - a web3 product hunt ❤️🔥
here's why smoothie could take off - bootstrapping token incentives to enable a better discovery and ownership of web3 projects
we're excited to announce the release of Smoothie Awards (v.1) today!
@withsmoothie
is a discover-to-earn awards platform for web3 projects.
here's what you need to know:
.
@shyamady
Thanks for being such a HUGE inspiration! You’ve opened the door to a whole new generation of aspiring entrepreneurs 🦄 Btw,
@Remotehour
was sooooo seamless during the call, best of luck on the product!
Just tried out
@candidewallet
on
@optimismFND
mainnet 🔴
First L2 AA wallet created on mobile!
Works very smoothly w/ the security of a smart contract wallet ✨
📆 This Week in Web3
#011
📆
🤌 Moxie’s first impressions of web3
🤌 Twitter x Web3
🤌 Snapshot X
🤌 Astar mainnet on polkadot
🤌 Terra x Osmosis
🤌 Near raises $150 million
🤌 DeFi Alliance raises $75 million
🧵 Details 🧵
Design is increasingly becoming crucial for startups as the bar for MLP (Minimum Lovable Product) gets higher, replacing the conventional MVP philosophy.
Designing for PMF is not about a wireframe or a prototype.
When we partner with early-stage founders, we strive to break the misconception that design is solely tied to output-based deliverables like brand visuals.
Our approach is built upon the 4 beliefs:
A thread👇
@TarunMangukiya
@LightDotSo
@Instadapp
2 things only Light can do:
- Chain agnostic signatures (single signature, authorize multiple txs across chains)
- Single configuration (no need to manually update owner(s) state for each chain)
.
@zypsycom
is definitely crushing it - from barebones design exploration to wireframes, they are on a whole another level for web3 projects.
huge kudos to
@kazsatamai
and
@0xOzh
for the journey, the sheer talent and team is just amazing.
more excited for what's to come too :)
Growing up in Cupertino and then moving back to Japan, totally resonate with the struggle between Japan and US culture - great thread and how
@amiyoshimura_
and
@goldendaoxyz
are working to solve this...!
Growing up & attending public schools between NYC and Tokyo, I’ve always had an internal struggle.
My Japanese side oftentimes seemed to clash with my U.S one (esp. my NYC one) and hence I always avoided being involved in anything related to advancing AAPI solidarity
I’ll say the quiet part out loud: L3s exist only to take value away from Ethereum and onto the L2s on which the L3s are built.
*You do not need L3s to scale*
And this is why Polygon Labs does not work on L3s.
Yes, liquidity fragmentation is bad for Ethereum ... but do all assets require the same security? Can't my
@McDonalds
points live on McChain on an L3 settling on
@base
posting on
@arbitrum
AnyTrust DA layer? Mcnolathic chain for the win?
Thank you all for reaching out on multiple dapp compatibility issues - there are some that are prominent
We’re making a commitment - we’re going to fix them all to become the most compatible mobile dapp browser ever!
Keep track of the progress here:
To prevent such disasters, we allow our users to set a maximum budget for each database. Upon reaching this budget, the service is not halted; instead, it is slowed down and the users are notified. 😎
I'm excited to be joining the
@jericho_gg
community! Thank you to
@kiyokb
for the intro.
Shout out to
@0xVladimir
for putting together an awesome hub of web3 builders!
Not all intents are equal.
There are different granularity of intents (from generalized to RFQs), and not all are executable by off-chain actors, and can be asynchronous or conditional.
Therefore, there needs to be a different authorization flows depending on each use case.
Light aims to overcome this through aiming for an "end-to-end" solution where we provide a full stack "chain abstraction" experience and GTM w/ flagship products + distribute modular SDKs in order to achieve an ideal seamless experience for the end user for a unified experience.
From first principles, NFTs gains value due to
- anticipation (airdrops, financial benefits)
- authority (official nft/project, verified contract, etc.)
- scarceness (limited supply)
but how can it scale..?
loving these guys
@caaaption
@0xsatoya
@tomokisun
doing very wonderful jobs paving the way for social wallets
great duo team, lovely vibe, & open source 🫶
Today, we announced a
@caaaption
recently under development.
Early Access Passes are now on sale to the general public
caaaption is an open source development.
It is a hyper-modular application that employs SwiftUI and the Composable Architecture.