Announcing Our Partnership with Biconomy: Elevating User Experience with Modular Smart Accounts
We are thrilled to announce our ongoing collaboration with Biconomy, a partnership that has been integral to our journey since day one. Dextr is taking a significant leap forward in blockchain innovation by introducing Dextr’s Modular Smart Accounts. Leveraging the power of Account Abstraction (ERC-4337) and the advanced capabilities of Biconomy SDKs, we are set to redefine how users manage digital assets and interact with the blockchain.
“Partnering with Biconomy has been pivotal from the very start, allowing us to push the boundaries of what’s possible in DeFi. This collaboration not only enhances the user experience but also sets new standards for capital efficiency, flexibility, and risk management in DeFi.” ~Madhur Prabhakar, Founder-Dextr
Dextr’s ideology for using Modular Smart Account:
Dextr’s Modular Smart Accounts offer innovative features to enhance blockchain asset management. The Social Recovery feature allows users to regain access to locked accounts through trusted guardians, mitigating the risk of key loss. Decentralized Inheritance enables seamless asset transfer to heirs via a ‘dead man’s switch.’ Multi-factor Authentication adds an extra layer of security by requiring multiple key signatures for transactions. Future enhancements include intelligent spending limits, token-agnostic fees, session keys, copy trading, and pass keys, all aimed at refining the decentralized finance experience.
Full Blog:
Dextr is gearing up to launch their public test-net beta, introducing mega incentives through REP Scores. This gamified system allows traders and liquidity providers (LPs) to earn points and compete to maximize their earnings on the platform.
Sign up for Dextr Incentivized Test-Net Beta Program!
About Biconomy:
Biconomy is a web3 developer and infrastructure platform setting UX standards and removing onboarding complexities with Account Abstraction. Their Account Abstraction SDK has helped power user onboarding and retention for more than 4M+ users and 400 dApps, such as Onyx by J.P Morgan, Trust Wallet, Acentrik by Mercedes-Benz, The Sandbox, dYdX, and FanTV.
About Dextr:
Dextr is an omni-chain self-custody exchange that combines an on-chain order book with a Reputation-Based Automated Market Maker (RAMM).
In RAMM, LPs act as private market makers and compete to fulfill orders, retaining 100% of the fee, rather than pooling liquidity and sharing fees. Moreover, the RAMM design allows LPs to provide liquidity in a basket of selected tokens and earn fees from multiple pairs as opposed to getting stuck in a single pair. This model enhances liquidity depth, reduces slippage and optimizes liquidity allocation while also reducing gas consumption per trade by 25%
