We're excited to announce our private funding round!
This investment marks a pivotal advancement in Zyfi’s journey to transform the on-chain experience through native account abstraction.
Zyfi: The Future of a Smooth UX
We've all been there, that moment when you run out of gas and want to complete an on-chain tasks, the frustration is huge. Wether it’s for a Metamask users or any type of wallets this is breaking the on-chain user experience.
At Zyfi, we address this significant bottleneck in the on-chain space. By leveraging native account abstraction on zkSync, we provide a generalized solution where dApps can either propose to their users to pay gas with any ERC-20, or decide to sponsor part or all of the transaction gas cost with their own custom logic. All is powered by an API that abstracts complexities away from protocols, so that they can focus on building their product.
Native account abstraction enables a market which focuses on all on-chain users and not just for smart wallets. Zyfi’s approach not only simplifies the user experience but also expands access, allowing more individuals to engage on-chain without the need to manage ETH for gas.
Growth and Traction
To date, we have processed over 715,000 transactions and facilitated a gasless flow on zkSync for more than 110,000 users (Dune). Our integration extends to top protocols on zkSync, including Zerolend, Pancakeswap, Increment, KOI, Libera, and others, alongside collaborations with over 10 NFT collections.
“Zyfi has been helping dApps on Zksync leverage native AA and have gained a lot of traction lately” Head of BD at zkSync
Key use cases we’ve developed:
-
Enabling swaps, token transfers, and custom transactions through our frontend.
-
Supporting gas-free minting and transactions for NFT collections.
-
Offering dApps and DeFi protocols the ability to sponsor gas with custom off-chain logic, allowing users to cover transaction fees with any token in their wallet, enhancing user experience and engagement.
Our services are powered by an API that facilitates unique features:
-
Users can pay with any token.
-
DApps can offer customized sponsorship with off-chain logic.
-
Third parties can provide gas for transactions processed through our API, all through a simple integration.
Community First
As Zyfi continues to grow, we aim to deepen our connection with our community, who are not only the first users of our protocols but also the driving force behind our project. The creation of Zyfi was inspired by real user frustrations with gas management.
A significant portion of improvements and feedback on Zyfi comes directly from our users, underscoring that our community is the lifeblood of this project.
Vision for the Future
Our goal is clear: to make decentralized finance and on-chain interactions more accessible. We envision a future where a significant portion of transactions are sponsored by dApps or foundations through a paymaster system, facilitating a more seamless and accessible blockchain ecosystem.
While the path to decentralization is complex, we are dedicated to placing the community at the heart of our efforts. Our future goals include:
-
Developing an SDK and paymaster for direct use by DApps, beyond API reliance.
-
Enhancing utility for future governance token holders.
-
Supporting research on account abstraction accross all chains with EIP-7702 (check out our latest article).
-
Expanding our partnerships and ecosystem.
For this mission, we are happy to be supported by a lot of industry pioneers like Everstake Capital, Tenzor Capital, Apvc.capital, Criterionvc, NxGen, Majinx Capital, v3ntures, Momentum8 and several other investors.
“ZyFi accelerates zkSync adoption and empowers developers to prioritize innovation, enhancing user experience without distraction. It’s the go-to tech stack for every dApp developer, backed by a strong team, tech, and vision” said Denys Vashchuk, General Partner at Everstake Capital.
We are excited to embark on this journey toward decentralization, empowering our community, and shaping the future of gas abstraction in the DeFi space. Stay tuned for more updates as we continue to innovate and expand the Zyfi ecosystem.
Links:
-
Documentation: https://docs.zyfi.org/
-
dApp: https://zyfi.org
-
Telegram: https://t.me/joinchat/3-fAd9pmy9gwODlk
-
Twitter: https://twitter.com/Zyfi