dappOS: Building Windows for the Web3 Era

Introduction

In the Web3 world where narratives are constantly changing, there is a new gameplay every few days, interactions are becoming increasingly complex with more steps, and at the same time, the phishing scams that users face are becoming more and more dangerous.

Not only does this situation raise the barrier to entry for new users, but it can also be a challenge for experienced users to keep up with the ever-changing pace.

In this context, the concept of “Intent-Centric” emerged as the times required, making Web3 interactions more user-friendly and secure.

The “intent-centric” concept allows users to perform complex blockchain operations by defining simple intents without caring about the complex technical details behind them.

For example, the system automatically will handle all relevant steps, including verification, execution of transactions, and confirmation of results, if a user’s intent involves multiple transactions. And the user only has to submit their intent.

We can compare the traditional crypto wallet interaction to the DOS command line, which is obscure and has a high threshold. In contrast, dappOS is a Windows system that understands the user’s “intent”.

Just as Windows revolutionized the way people interact with computers, the mission of dappOS is also committed to changing the way people access and use blockchain applications.

By empowering blockchain infrastructure and applications to efficiently execute user intents in a decentralized manner, dappOS makes executing blockchain tasks as easy as clicking an icon in a Windows system.

Funding Information

dappOS, as a breakthrough Web3 intent execution network, has gained widespread market recognition and the favour of Web3 capital with its “Intent-Centric” design concept.

In March this year, dappOS completed its Series A financing led by Polychain, raising US$15.3 million and a valuation of US$300 million.

Polychain is a well-known top USD fund in Web3. Bittensor (TAO), Celestia, Eigenlayer, Babylon and other star projects in this bull market are all led by Polychain.

This latest round of financing shows the optimism of leading European and American institutions on the “intent-centric” track and also established dappOS’s leadership position in the Intent-Centric track.

In addition to Polychain, dappOS has also attracted investment from multiple well-known institutions in its early stages.

• In November 2022, dappOS was selected for Binance Labs’ fifth-season incubation program.
• In June 2023, dappOS received a Pre-Seed round of financing from Binance Labs, injecting initial capital into its subsequent development.
• On July 21, 2023, dappOS further consolidated its market position and completed a seed round of financing valued at US$50 million. This round of financing was led by IDG Capital and Sequoia China, having attracted the participation of many well-known investment institutions such as OKX Ventures, HashKey Capital, and KuCoin Ventures.

It is easy to see from its financing history that dappOS has stood out among several Intent-centric projects and won the continued favour of investors.

Through these capital injections, dappOS will not only be able to accelerate its product development and market expansion but also strengthen its influence in the Web3 ecosystem.

How do we connect intent to traditional blockchain?

We all know that the bottom layer of the blockchain is composed of cold code. How to make the blockchain safely and accurately execute the user’s intention is the core problem that the intent-centric track needs to solve.

As the core infrastructure of the intent-centric track, dappOS, the intent execution network, provides developers with Intent Task Frameworks to make intents compatible with traditional blockchains and realize the conversion of users’ specific intents into on-chain execution.

Currently, dappOS has four intent task frameworks: Unified Account, Intent Assets, Real-time dApp Interaction, and Intelligent Minting.

In the future, the team will also launch more task frameworks to support more complex intent execution.

Unified Account

The unified account system of dappOS is intent-based. Not only does this system allow users to seamlessly manage and use their assets in any decentralized application (dApp) integrated with the dappOS SDK, but it can also operate across all major blockchains and pay fees using all major tokens, greatly simplifying the blockchain experience for global users.

In addition, the system enhances asset liquidity and interoperability between different blockchains, providing a simple and efficient fund management and transaction payment platform, similar to the experience of traditional financial services, while maintaining the uniqueness of blockchain core features like transparency and decentralization.

Intent Assets

dappOS’s intent asset is an innovative asset that automatically adapts to usage scenarios and generates interest when inactive.

For example, its stablecoin called intentUSD not only functions as a regular stablecoin for circulation but also generates interest when idle.

This asset can automatically convert into different forms of stablecoins, such as USDT or USDC, based on the varying needs of users in different scenarios, greatly enhancing the flexibility and adaptability of the asset.

This feature can be considered as the “Yu’E Bao” in the Web3 domain, generating interest for users while facilitating the use of assets.

Real-time dApp Interaction

Combined with asset bridging that contains arbitrary steps and dependencies, this framework enhances the real-time interaction with decentralized applications by supporting contract calls initiated by users based on contract-based wallets.

It caters to most dApp interaction tasks that traditionally require manual execution. The framework is already live and is being utilized by popular dApps such as GMX, Benqi, and QuickSwap.

The real-time dApp interaction framework provides decentralized applications with immediate and flexible interaction capabilities, which is a significant advantage for applications requiring frequent updates and instant feedback.

Intelligent Minting

Effectively eliminating the need for users to entrust their private keys to third-party robots and highlighting user sovereignty, this framework is an important advancement in security.

The launch of the intelligent minting framework allows users to directly control the minting process without relying on external agents. This approach not only improves the security of operations but also strengthens users’ control over their assets, which plays an important role in protecting user assets and improving trust.

Technology and mechanism innovation

In terms of technical principles, the intention execution network dappOS converts intents of specific value into on-chain results by creating a two-sided market.

On the one hand, service nodes stake collateral to provide various intent execution services.

On the other hand, it provides developers with an infrastructure to efficiently generate intent tasks to meet users’ needs for converting intents into on-chain results.

The Optimistic Minimum Staking (OMS) mechanism is one of the core innovations of dappOS.

The OMS mechanism requires that intent tasks must have specific value definitions, which means that users receive predetermined compensation when tasks fail.

This not only improves the efficiency of executing tasks but also ensures the safety of users’ funds. If a task fails, the network will reduce the collateral of the relevant service provider, ensuring that each task is either successfully executed or the user is compensated.

Additionally, service providers only need to stake minimum collateral slightly higher than the total value of ongoing intent tasks. This setup reduces their burden while improving financial efficiency, allowing them to provide verifiable value-specific services, and users can enjoy a fast service experience.

Free Market Governance is another major innovation of dappOS, which enables the marketization of intents, facilitates fair competition, and unleashes potential.

Under this governance model, service providers stake collateral in an open market to provide execution services, creating a competitive environment that reduces costs and improves service quality.

This governance method ensures that the network is open and transparent, and can adapt to user needs, optimizing the efficiency and response speed of the network through dynamic allocation of resources and tasks.

Audit and security

As a new technology, security is the primary concern of users. dappOS attaches great importance to security. It has conducted a comprehensive audit process and designed a structured exit mechanism to maintain the security and reliability of the network, trying to minimize the probability of risks.

The dappOS v2 version has passed security audits by top security companies such as Trail of Bits, Certik, Slowmist and Secure3, and the corresponding audit reports have been made public on dappOS. The audit report not only showcases its security framework but also instill confidence in large capital inflows.

Delayed Exit Mechanism

To further enhance security, dappOS has implemented a structured delayed exit mechanism for service providers and validators in its intent execution network.

All service providers and validators in the network must adhere to a 14-day withdrawal delay. This delay is critical because it takes time to confirm the service provider’s assigned tasks and responsibilities.

For service providers, this ensures that any specific value tasks they are involved in are fully resolved and uncontested. Likewise, for validators, the delay ensures that any governance actions or challenge participation are fully processed and concluded, preventing governance attacks. This mechanism greatly raises the threshold for subjective evil.

The above security measures reflect dappOS’s determination to create a safe, reliable and transparent ecosystem. Through strict auditing and delayed exit mechanisms, dappOS proactively avoids potential security issues, prevents users from being affected by vulnerabilities, and creates conditions for large funds to settle in, ultimately achieving a positive ecological cycle.

Interaction and participation

The Execution Validator of dappOS uses a PoS mechanism. In the future, projects will inevitably issue tokens to maintain project security, so dappOS is very worthy of interaction.

Many leading projects have integrated dappOS V2, such as GMX. dappOS, together with GMX, has also issued 100,000 ARB to interactive users.

KiloEx recently integrated dappOS V2. One week after the integration, the single-day transaction volume broke a new high, reaching 238 million US dollars. The DAU on the Manta chain increased by more than 3000%, and the transaction volume increased by 217%. The two parties will also jointly issue joint airdrops to interactive users.

In addition to interaction, another important way to participate in dappOS is to become an Execution Validator and contribute to the security of the network.

The role of the Execution Validator maintains the security and stability of the network by ensuring that service providers complete their tasks accurately.

However, compared to interaction, participating in validator execution requires users to not only possess a certain level of technical skills but also dedicate a sufficient amount of time to maintenance.

If you are interested in becoming an execution validator, you can contact the project team via email.

Conclusion

Currently, the Intent-Centric track is still in the early stages of development, with its main goal being to simplify the complex interaction logic of Web3, making it easier for new users to enter the Web3 space.

If successful, Intent-Centric infrastructure will also bring growth in Web3 traffic, becoming an essential part of the process for new users to enter Web3. This could potentially lead to significant capital inflows and market activity, presenting a grand narrative.

To seize the opportunities presented by such a promising track, it is necessary to target leading projects with strong backgrounds, top-tier capital support, and the capability to set industry standards.

Looking at the impressive investment lineup and high-quality collaborative projects of dappOS, it possesses most of the qualifications to become the leader in the Intent-Centric track.

dappOS’s intent-centric infrastructure not only accelerates the adoption of dApps but also makes blockchain applications more widely accepted and usable.

Through various technological innovations in dappOS v2, complex blockchain functionalities become more accessible, allowing ordinary users to enjoy the benefits of Web3 technology. This is the vision of dappOS as the “Windows” of the Web3 domain.

dappOS has now become an inevitable target for all projects within the Intent-Centric track, and whether the overall bullish trend of Intent-Centric can break through remains to be seen and requires continuous attention.

Statement:

1. This article originally titled “dappOS：构建 Web3 时代的 Windows” is reproduced from [Biteye Community)]. All copyrights belong to the original author [Fishery, Biteye core contributor]. If you have any objection to the reprint, please contact the Gate Learn team, the team will handle it as soon as possible.

2. Disclaimer: The views and opinions expressed in this article represent only the author’s personal views and do not constitute any investment advice.

3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.