Woke up early in the morning, and my wallet got bombarded by Trump again.
Eating my pickled vegetables and steamed bun, scrolling through Twitter, I accidentally came across a major financing project "@OneBalance_io" that seems worth following.
This project is somewhat similar to the wallet "@UseUniversalX", also targeting the same sector.
Its core product is the "Toolkit", focusing on "chain abstraction", "gas abstraction", and "permission management". It allows users to interact with DApps without even knowing what a "chain" is, making swapping coins, cross-chain transactions, and paying gas as mindless as scrolling through short videos!
1\🍁Positioning: Resource Locks, the cross-chain artifact "Takeout Artifact"
In simple terms, Resource Locks are like "on-chain smart locks" that make cross-chain transactions as fast as "downloading with Thunder!" Users lock their funds in a OneBalance account, sign a "transaction intention," and the Solver (the on-chain runner) can release funds on the target chain as soon as they see the signature, without waiting for confirmation from the source chain, increasing speed by 40%!
The "Credible Commitment Machine" (CCM) prevents double spending, maximizing security, and avoids the need for a "liquidity pool" like traditional bridges, directly circumventing the tragic incident of the Ronin bridge being hacked for "600M".
For example, if you want to use 100 USDC on Base to buy an NFT on Solana? Resource Locks directly lock the USDC, set conditions (like receiving 0.5 SOL), and if the conditions are not met, a refund is issued, making it very secure!
This technology will go live in May 2024 and has been hailed as a "core milestone" in the Ethereum interoperability roadmap, with Circle, Uniswap, and LiFi all giving it a thumbs up.
It now supports instant exchanges from Bitcoin to EVM, and chains like Solana are also coming on board. Partners include Privy, Turnkey, DSX, and Vooi, and during closed testing, a bunch of DeFi projects and wallets were eager to "get in on it."
They also have an OneApp, touted as the "cross-chain exchange artifact," allowing users to swap coins as easily as "earning gold coins on-chain," which is very similar to @infinex's swep, so you might want to check it out.
In short, OneBalance aims to help Web3 users completely say goodbye to "cross-chain hell" and directly enter the "one-click bliss" era!

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