Wave 9: SuperDapps

In the era of the new internet, i.e. web3, SuperDapps are emerging as a transformative technology. Think decentralized applications (Dapps), but more powerful.

SuperDapps are similar to dapps in that they are built on top of blockchain technology, and promote decentralization, security, and transparency. However, SuperDapps also offer some unique features and have an enhanced user experience. They also operate at a larger scale, by leveraging multiple blockchain ecosystems and superior smart contract functionalities.

In this guide, we'll delve into how SuperDapps work in DeFi as they offer advanced functionalities such as in-built dapp browsers; advanced security measures such as multi-sig, encrypted key storage; cross-chain support; and enhanced privacy measures. Each feature makes for a well-rounded user experience that can be a decisive factor in bringing the next billion users to DeFi and web3.

Wave 9 Timeline

• Duration: Dec 15 - Dec 20, 2023

• Link to join: Wave 9

Key Takeaways

• SuperDapps are advanced versions of dapps that offer unique features, enhanced UX, and bigger-scale operations

• Web3 wallets that are SuperDapps are pivotal in accessing DeFi. They offer advanced functionalities and ensure a comprehensive web3 user experience.

SuperDapps in the Linea DeFi Voyage

You can experience web3 SuperDapps as part of Linea’s DeFi Voyage. Let’s look at the different dapps you will interact with in Wave 9 of the Voyage and the features that make them SuperDapps.

• Trust Wallet: It supports multiple cryptocurrencies; has an in-built dapp browser; private keys are controlled by the user, offering enhanced privacy and security.

• Bitget Wallet: It is a global cryptocurrency trading platform that offers spot trading and contract trading services. Bitget provides strong security measures to protect user assets and supports all major tokens and over 20,000 dapps. Bitget also have an AI chatbot that helps users make better financial decisions.

• OKX: It is a crypto exchange that offers many trading pairs to users. OKX employs advanced security features such as cold storage of assets and two-factor authentication. It also has a comprehensive suite of trading products such as spot trading, futures, perpetual swaps etc.

• Desig: Simplify treasury ops, gasless vault control, intel-driven Swap, optimal Staking for high yield. Grow fund with detailed cashflow report.

• Plena Finance: Plena is an account abstraction-based smart wallet. It offers features such as on-chain two-factor authentication, account recovery without a secret recovery phrase, gasless transactions and batch transactions.

• TokenPocket: The wallet supports multiple blockchains including Ethereum, Polkadot, Polygon, Solana, and Tron. TokenPocket also has a dapp store, a dapp discovery platform, and strong security protocols.

• Fox Wallet: It is a multi-chain wallet that has an easy-to-use interface. The wallet’s unique features like ad-powered transactions, cross-chain gas tank, and the ability to batch multiple transactions together and execute them once make it a SuperDapp.

• Fluvi: Fluvi is an account abstraction-powered smart wallet that offers two-factor authentication, gasless transactions, batch transactions and cross-chain transfers.

Task to do

Core task:

Wave 10: Account Abstraction

Account abstraction

Account abstraction upgrades the web3 user experience and eliminates the need for convoluted secret recovery phrases, tricky transactions, and high gas fees. Experience the web3 revolution, without the complexity.

Timeless X

Timeless X is a social Account Abstraction wallet combining self-custodial security with convenient social features.

Before getting started, let's take a look at a guided tour of the Linea AA Voyage

Wave 10 Timeline

• Duration: Dec 15 - Dec 20, 2023

• Link to join: Wave 10

Key Takeaways

• Account abstraction enables a web3 experience free from complexity. No more hassle around confusing secret recovery phrases, tricky transactions, and heavy gas fees.

• Users can experience the power of hybrid accounts through account abstraction. Merging the benefits of EOAs and contract accounts, users can enjoy the flexibility of smart contract wallets. Say hello to a game-changer in Ethereum’s landscape.

Benefits of Account Abstraction

Account abstraction is transforming the way you interact with blockchain.

• Lost your keys? Users can define alternate authorized accounts that can access their accounts. No more “lose your keys, lose your funds.” Want easier login? Try using your email or Twitter account! Afraid of gas fees? Let the dapps take care of it. Experience batch transactions for seamless DeFi operations and multi-item purchases.

• Enjoy gaming sessions uninterrupted by signing agreements, ensure robust security with shared account access or set daily transaction limits, and forget recurring payment hassles with the automatic payment feature.

• Account abstraction offers a smoother, safer, and more delightful user experience that competes with the best of web2 while preserving the autonomy and benefits of web3

Paymaster and Transaction Sponsoring

Account abstraction creates two new exciting opportunities.

• Transaction sponsoring, which means a third party pays the gas fees for a user. This could be through subsidizing gas with payments, providing gas tokens directly to a user, or even off-chain agreements where transaction costs are reimbursed. In account abstraction, transaction sponsoring means a dapp programmatically pays the transaction fees for a user.

• A paymaster is an entity (in this example, a smart contract) that allows dapps to set gas policies. For example, using a paymaster, a dapp can sponsor transactions by paying the gas fees on behalf of a user. Paymasters can also allow dapps (and their users) to pay gas, not in ETH, but in USDC or another crypto, by swapping the alternate token for ETH inside the contract before sending the transaction.

• With paymasters (and transaction sponsoring), users don’t need to have the gas token in their wallet and don’t have to pay for the right to send a transaction. In fact, they don't need to understand the concept of gas at all! Instead, users can click a button and get results seamlessly within an easy and familiar UX experience.

Task to do

Core task: Swap at least $10 worth of ETH to any token (see list inside) on any DEX available for the Task, using Timeless Wallet.

Bonus Tasks

• Provide liquidity for at least $20 (in total) using any of the available DEXs, using Timeless wallet

• Borrow at least $10 of ETH/WETH using any of the available money markets, using Timeless wallet

Conclusion

The race to the finish line is on! Wave 9 & 10 of the DeFi Voyage is officially live. Be sure to subscribe to receive our latest articles.

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