In recent years, Web3 has increasingly appeared in the sight of more and more people, and everyone is talking about Web3. However, it seems that the majority still do not know what Web3 actually is, nor can anyone clearly state how many users Web3 currently has.

According to a report by Crypto.com, the global cryptocurrency asset population increased by 178% in 2021, rising from 106 million to 295 million, and it is expected that the number of cryptocurrency asset users will exceed 1 billion by the end of 2022.

However, as of August, the number of independent addresses for Ethereum domain service ENS has just surpassed 885,021, and the total number of registered active domains has just exceeded 1.96 million. As a foundational infrastructure for Web3, ENS can actually be regarded as an excellent entry point for observing Web3 users and active volume, as well as the most authentic on-chain usage data.

As can be seen, with the successive approval of BTC and ETH spot ETFs, the blockchain industry has entered a new stage of development. Meanwhile, both direct and indirect holders of blockchain assets have shown rapid growth. However, the actual number of users in the cryptocurrency space has not seen a corresponding increase.

Users still face high barriers when entering the application ecosystem of the crypto world. The circulation of users' assets, data, and tokens appears extremely fragmented under the restrictions of various public chains and applications. The intent network DappOS serves as a foundational infrastructure that can construct diverse intent products centered on user needs based on task execution networks, thereby enhancing user experience in the cryptocurrency field.

1. What is DappOS?

To understand what DappOS is, we must first understand what intent is.

Intent in blockchain represents the user's expected outcome rather than specific execution steps. For example, traditional transaction methods on Ethereum require users to specify every step of the transaction in detail, including interactions with smart contracts, random number management, and gas payments. This approach can be complex and inefficient. The introduction of intent aims to alleviate these burdens on users, enabling them to outsource the transaction creation process to third parties while retaining control over the transaction process.

DappOS is the intent execution network and the underlying infrastructure for enhancing user experience. DappOS itself is not complicated to understand; it is an intent execution network that creates a bilateral market. This bilateral market exists because there are obstacles between the desired outcomes of users and execution complexities. DappOS helps users achieve final results without expending complex intermediate executions, thereby enhancing user experience; at the same time, it allows service providers who help complete tasks to receive corresponding income. This is a win-win market.

Users can utilize DappOS to make their assets universally usable across various dApps on different chains, using any asset to pay gas fees, completing all transactions with a single signature without needing to focus on intermediate operations, etc. Such examples represent a significant enhancement of the current user experience. As the complexity of DeFi increases, with the presence of multiple L2s and chains, and the increase in various intermediate steps in the cryptocurrency field, there is a growing demand for this simplified user experience in a bilateral market.

2. The Intent Technical Architecture of DappOS

Open market mechanism:

DappOS adopts an open market mechanism, requiring service providers to stake collateral when providing intent task execution services.

Service providers register as service nodes by staking tokens and selecting all the services they are willing to offer. This mechanism ensures dynamic allocation of services and efficient utilization of resources.

Optimistic Minimum Staking (OMS) mechanism

The OMS mechanism allows service providers to execute tasks first and verify results later. This 'execute first, verify later' approach significantly improves the speed of task execution.

Each intent task has a specific value, meaning that users agree to accept predefined compensation in case of task failure. Service providers only need to stake collateral slightly higher than the total value of the currently executing intent tasks.

Service Providers

Service providers are a core component of the DappOS intent execution network. To become a service node, one needs to register first. Registration requires staking a predetermined amount of tokens in the RegisterManager contract. The staked tokens serve as collateral, enabling nodes to undertake tasks, and the amount of tasks service nodes can handle is proportional to the value of the collateral staked.

DappOS's flexible architecture allows service providers to support various tasks with specific value. These tasks follow certain templates and include the following elements:

  • Comprehensive task description: Overview of the end user's goals and task completion criteria.

  • Completion criteria: Establish standards for execution verification to validate task status.

  • Required collateral amount: The amount of collateral needed for the service node to complete the task. Task arrangers assess each service node's current collateral amount based on this information and exclude those with insufficient amounts.

Execution Validators

Execution validators play a key role in the network, responsible for verifying the execution of tasks. Once a task execution failure is detected, validators have the right to vote to penalize service nodes, ensuring user compensation.

Through the Proof of Stake (POS) network mechanism, validators stake tokens to maintain the security and integrity of the network. Active and diligent validators will receive rewards to incentivize their continued participation and maintenance of the network.

Task Frameworks:

To facilitate pricing and verification of intent tasks, dappOS organizes tasks into different frameworks. Each framework can be customized based on specific needs, including pricing, verification, and compensation mechanisms.

3. The Significance of Intent Assets

Intent Assets are one of the most important intent task frameworks in dappOS. Intent Assets can be viewed as assets that are both yield-bearing and tradable. They achieve both mainly by utilizing DappOS's intent execution network. For example, IntentUSD is an intent USD asset that can earn USD-based returns (similar to 'Yu'ebao', where users can automatically earn corresponding interest after depositing), while also having the flexibility to be traded as USDT or USDC to other addresses; it can be used for lending, contract margins, etc.

This is somewhat effective in activating currently idle assets such as USDT and USDC. Currently, about 50% of USDT in the Ethereum ecosystem lies in users' independent wallets, without earning returns in CEX or contracts, totaling about $50 billion; about 60% of USDC lies in users' independent wallets, with a scale of about $20 billion. In other words, about $70 billion is lying idle without earning the returns it should have. If a portion of these funds is converted into IntentUSD, it can generate returns and be accessible whenever needed.

In addition to USD, ETH and BTC can also become intent assets, providing convenience for users. For example, staked ETH can yield good returns, but if one wishes to circulate it at any time, there is often significant wear and tear. Through Intent ETH, users can achieve returns while having it available for use at any time. This is accomplished through intent network execution, allowing users to focus solely on the results (returns + always available).

4. Summary

So far, DappOS has three intent task frameworks: Intent Assets, Intent Trading, and Intent-Centric DAPP Interaction. Perhaps in the future, more task frameworks will emerge based on the scale and urgency of user demand. Through intent trading, users can achieve optimal trading costs when trading spot. That is, utilizing the intent execution network, users can achieve their trades at a lower cost through task service providers. Meanwhile, through DappOS, users can interact seamlessly with DAPPs, avoiding the complexities of direct interactions with the blockchain.

As the number of chains and L2s increases, interactions have become more complex, and the things that can be done are also increasing. By executing through the intent network, a significant amount of complex interaction troubles for users can be alleviated. From this perspective, as long as the intent execution network identifies user pain points, there are opportunities to create intent products that provide better user experiences. Once users gain a better experience through the DappOS protocol, it will encourage more protocols and projects to adopt DappOS. Regarding how to enhance DappOS and user experience, continuous iteration based on the most fundamental user needs is needed to develop a truly demand-satisfying intent task execution network; there is much room for exploration.

If DappOS can elevate the web3 user experience to the level of web2, then there is a chance to achieve a leap in web3 user experience. Of course, this is not easy and requires continuous exploration and iteration. Paradigm proposes an intent-centric narrative, supported by Polychain and projects, one of which is DappOS funded by PolyChain. Polychain's previous investments in Celestial have promoted the modular track, Eigenlayer has promoted the re-staking track, and TAO promoted the AI track. Can this investment in DappOS promote the development of the intent aspect track? Only time will tell.