As Web3 technology advances towards broader adoption, it becomes crucial to ensure that users can effortlessly navigate the intricate web3 landscape without requiring specialized technical knowledge. We all know, the future of Web3 suffers from bad user experience. Drawing inspiration from the evolution of Web2, Web3 must strive to provide a user experience that is both user-friendly and robust in its capabilities.
In this article, we delve into intent-centric interactions, exploring their significance, evolution, potential, and how DZap is a intent-based DApp.
What are intent?
In simple words, through intents users express what they want, not how to get it i.e “Outcome over path”.
Before we deep dive into Intents, let’s explore a few terms you should know:
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Declarative: you declare what you want, and the system figures out how to make it happen.
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Imperative: you provide detailed instructions on how to reach the desired state.
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Conditional Authorization: you give permission or approval for something to happen, but it will only happen if certain conditions are met.
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Code Authorization: you give permission to a computer program (code) to do something without any conditions. It just follows a set of instructions.
The declarative approach along with conditional and code authorization is essentially what intents are and it unlocks improvements in UX and efficiency. With "intents," users can simply describe what they want to do instead of dealing with all the steps involved.
Intent marks the starting point, where users express their desires and objectives. This expression can be in the form of a simple command, like "send 10 ETH to address XYZ," or a more intricate request involving multiple steps like a cross-chain txn followed by staking. Regardless of complexity, intent sets the direction for the entire transaction.
What is the problem today with Web3?
At present, users bear the burden of both the expenses and intricacies involved in realizing their intentions within the web3 ecosystem. This undertaking entails numerous transactions, demands a deep understanding of web3 intricacies, and leaves users susceptible to unjust value extraction by external parties.
To elaborate further:
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Cost Responsibility: Users are currently accountable for covering the expenses associated with executing their intended actions on the web3 platform. Example: paying gas fees.
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Complex Procedures: Achieving one's intentions in the web3 environment often involves engaging in multiple complex steps which can be daunting especially for those without specialized knowledge.
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Unfair Value Extraction: Third parties may take advantage of users' lack of expertise in web3 processes. These intermediaries can extract undue value from users during transactions, leading to unfavorable outcomes for the users.
Evolution of Intent in Web3
The concept of intent isn't entirely new. It has its origins in the Web2 era, where search engines and e-commerce platforms began recognizing and fulfilling user intentions. The rise of intent-based networking in Web2 set the stage for its adoption in Web3.
Consider the scenario where you wish to perform a series of actions like swapping assets, bridging across different chains, and staking tokens. In the conventional Web3, this would requite navigating through a multiple dApps and manually searching for optimal routes, and comparing rates across various platforms.
However, in an intent-based system, the process becomes remarkably simpler and more user-friendly. You can effortlessly input your preferences and requirements, specifying your desired outcomes. The intent-based DApp executes these actions on your behalf, ensuring you achieve your objectives without the hassle of navigating multiple dApps and conducting extensive research to find the best routes and rates.
Artificial Intelligence, particularly Large Language Models (LLMs), is revolutionizing Web3 interactions. LLMs empower users to express their intent in natural language, eliminating the need for complex command structures. This shift from command-based interactions to intent-based outcomes is reshaping the way we interact with blockchain technology.
The AI paradigm introduces a third user interface paradigm, where users communicate their desires to computers, which then autonomously execute tasks. This approach simplifies interactions.
Does DZap falls into the intent-solution category?
Absolutely! DZap squarely fits into the category of intent-driven solutions, and it does so by simplifying and streamlining user transactions while removing unnecessary complexities from the forefront.
Consider DZap's "Batch swap" feature, which exemplifies the intent-based approach. Users can seamlessly execute a batch swap, such as "Swap $100 worth of Token X for five different tokens in equal proportion." This input from the user serves as their intent, and DZap takes care of the complex transactions in the background. Without this intent-driven feature, users would need to manually conduct five separate swaps. Moreover, DZap's meta aggregator ensures that users get the best prices and routes for each of these swaps.
Furthermore, DZap's Dollar-Cost Averaging (DCA) feature also embodies an intent-based interaction. Users simply input their intent, stating, "Buy $10 worth of Bitcoin every week for me." DZap then autonomously carries out this recurring purchase on behalf of the user, eliminating the need for constant user intervention.
Looking ahead, DZap has plans to introduce more intent-focused features, further enhancing the ease of navigation in the world of Web3. These additions will undoubtedly make Web3 interactions more user-friendly and intuitive than ever before.