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A simple understanding of dAppOS: Intent-centric infrastructure Paradigm proposed an intent-centric narrative, and Polychain and projects also promoted its implementation, one of which is dAppOS invested by PolyChain. dAppOS is an intent-centric project. Polychains previous investment in Celestial promoted the modular track, the investment in Eigenlayer promoted the re-staking track, and the investment in TAO promoted the AI track. Can the investment in dAppOS this time promote the development of the intent track? Only time can tell us the answer. How to understand the intent-centric narrative of dAppOS? There are several points worth noting: 1. dAppOS is an intent execution network and an infrastructure to improve user experience. dAppOS itself is not complicated to understand. It is an intent execution network that creates a two-sided market. The reason why this two-sided market exists is that there are some obstacles between the results that users want and the complexity of execution. Through this intent execution network, dAppOS helps users get the final results without consuming complex intermediate execution, improving user experience; at the same time, it also allows service providers who help complete tasks to get corresponding income. This is a win-win market. Through dAppOS, users can use their assets in various dApps on various chains, use any assets to pay gas fees, and complete all transactions with one signature without paying attention to intermediate operations. Examples like these are a major improvement to the current user experience. With the increasing complexity of defi, the existence of multiple L2s and multiple chains, and the increase in various intermediate operation steps in the crypto field, this bilateral market that simplifies user experience has a growing demand. From the above description, it can be seen that dAppOS is an underlying infrastructure. Based on the task execution network, a variety of user-centered intent products can be built to enhance the user experience in the crypto field. 2. dAppOSs Intent Task Framework So far, dAppOS has three intent task frameworks: intent assets, intent transactions, and intent-centered dApp interactions. Perhaps in the future, more task frameworks will be generated based on the scale and urgency of user needs. * Intent Assets is one of the most important intent task frameworks of dappOS. Intent Assets can be regarded as a kind of asset that is profitable and tradable. The reason why it can achieve both is mainly due to the use of dappOSs intent execution network. For example, IntentUSD is an intention USD asset. On the one hand, it can obtain USD-based income (similar to Yue Bao, users can automatically obtain corresponding interest income after depositing), and at the same time it has the flexibility to circulate at any time, and can be withdrawn to other addresses as USDT or USDC; it can be used as lending, contract margin, etc. This has a certain effect on activating currently idle assets such as USDT and USDC. At present, about 50% of USDT in the Ethereum ecosystem lies in users independent wallets, without earning income in CEX or contracts, with a scale of about more than 50 billion US dollars; about 60% of USDC lies in users independent wallets, with a scale of about 20 billion US dollars. In other words, about 70 billion US dollars of funds are idle and have not obtained the income they should have. If part of these funds are converted into IntentUSD, they can obtain income and can be used at any time when they need to be transferred. In addition to USD, ETH and BTC can also become intention assets, bringing convenience to users. For example, pledged ETH can obtain good income, but if you want to circulate it at any time, it often has high wear and tear. Through Intent ETH, you can use it at any time while earning income. This is done through the intent network execution, and users only need to care about the results (income + available at any time). * Intent trading users can achieve the best transaction cost when trading spot. That is, using the intent execution network, users can achieve their transactions at a lower cost through task service providers. * Intent-centric dApp interaction users can interact with dApp seamlessly, avoiding the complexity of direct interaction with the blockchain. With the increase of chains and L2, the interaction is becoming more and more complex, and more and more things can be done. Execution through the intent network can save users a lot of complex interaction troubles. From this perspective, as long as the intent execution network finds the users pain points, it has the opportunity to form an intention product with better user experience. 3. Optimistic Minimum Stake Mechanism and the Operation of the Intent Execution Network dAppOS has launched Optimistic Minimum Stake. In dAppOS, a network for user intent execution, the benefit of optimistic minimum staking is that it helps active task service providers to obtain more income and users to have a better experience. For task service providers, if they fail to help users complete tasks, they will be punished; on the contrary, if they successfully complete tasks, they will be rewarded. This reward and punishment mechanism is also a good thing for active task service providers, because as user experience and confidence improve, more users will join, and more user participation will bring more income to task service providers. For users, if the task is successful, they can easily and conveniently achieve the desired results, pay some fees (or even save fees) to get better results; if the task fails, they can get a certain amount of compensation from the staking penalty on the task service provider. This mechanism gives participating users better confidence and experience. In summary, the OMS mechanism is not only the underlying security mechanism of dAppOS, but also a driving force for promoting the intention execution market.
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Impace 2049 By Roam
A newly created wallet withdrew 300 BTC from Binance, worth $17.19 million
Odaily Planet Daily reported that according to Lookonchain monitoring, a newly created address starting with BC1QGp3 withdrew 300 BTC from Binance 2 hours ago, equivalent to approximately US$17.19 million. At the same time, the price of Bitcoin has risen by approximately 4% in the past 24 hours.
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Blocksense Completes $4 Million Seed Round of Financing, Led by Permutation, with A16z, CSX and Other Participants
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The Ethereum Foundation’s Protocol Support team has hired two new staff members to oversee grant support work, marking its first hire
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Polymarket predicts Harriss chance of winning the election debate is 73%, and the participating funds exceed $180,000
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Americans will lose more than $5.6 billion to cryptocurrency fraud in 2023, a 45% increase from 2022
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The number of crypto venture capital funds has increased to more than 1,150 in the past six years, but the amount of funds raised is still far smaller than
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