BentoBatch: On-Chain Entry for Newbies
Information Overload
Navigating the on-chain world can be daunting for newcomers. The opportunities are vast, ranging from conservative investments to high-yield opportunities, new token launch, or even memecoins.
However, the information is complex and scattered across multiple channels. Most Web3 users rely on Twitter for updates, but the abundance of KOLs (Key Opinion Leaders) and potential misinformation makes it hard to discern what’s accurate. Additionally, bot activity can further obscure the legitimacy of interactions.
Transaction Execution
Beyond identifying correct information, executing transactions poses a significant challenge, especially for beginners. While creating a wallet has been simplified by various service providers, executing on-chain operations remains complex.
Take, for example, the recent popularity of Restaking derivatives. To maximize returns, users need to acquire Liquid Restaking Tokens (LRT), then use Pendle to obtain PT, and subsequently stake PT in the appropriate protocol for additional yield. This multi-step process can be overwhelming even for seasoned users.
Assets and Multi-chain
One of the key advantages of BentoBatch is its ability to handle multiple assets across various chains seamlessly. Users no longer need to worry about the limitations imposed by different tokens and blockchain networks. BentoBatch enables users to select the assets they have, and it will automatically handle token swaps to match the requirements of the chosen intent. This feature eliminates the need for manual swaps and reduces the complexity associated with managing assets across different protocols.
In the near future, BentoBatch aims to release users from the limitations of individual blockchain networks altogether. This means that users will be able to run intents without needing to have corresponding assets on each specific chain. By integrating cross-chain functionality, BentoBatch is working to provide a truly seamless and convenient on-chain experience, allowing users to execute and build cross-chain intents effortlessly.
How BentoBatch Solves These Problems
BentoBatch offers a platform providing optimal on-chain strategies, creating a content economy driven by token incentives. KOLs can directly share their strategies on BentoBatch, making it easy for users to access information about operational costs, potential returns, risks, and usage statistics.
This transparency allows users to make informed decisions about whether to follow a particular strategy. Moreover, BentoBatch simplifies the execution process by packaging complex multi-step transactions into a single, seamless action. Users can benefit from advanced strategies without needing to navigate the intricate details of each step.
By leveraging BentoBatch, new and experienced users alike can efficiently explore and engage with DeFi opportunities, ensuring a smoother and more informed entry into the blockchain space.
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