Make Crypto Simple Again: One Intent at a Time (with Symphony Labs)

Make Crypto Simple Again! How? With Intents! In this episode of
the TEACHMEDEFI podcast, our guests from Symphony Labs discuss
chain abstraction and intents in the crypto and blockchain space.
They explain how chain abstraction aims to reduce the complexity
of the crypto experience for users by providing a simple
Web2-based interface. 


Our guests in this episode are anonymous and go by Vivaldi, CEO
of Symphony Labs, and Mozart, CTO of Symphony Labs. Symphony
enables users to express their intents, while Solvers go out and
find the best solutions for them. The Solvers are algorithms that
find optimized solutions for users’ intents. This concept will be
at the core of a Perpetuals Aggregator, which allows users to
open and close positions in perpetuals (across chains on
different Perpetuals DEXs such as GMX), while collateral is held
across different chains. 


This might sound complex, but essentially it makes the user
journey in the front end simple, compared to the status quo
today. 


The goal is to make the process as seamless as possible for
users: One interface to access an onchain perpetuals trading
experience that rivals the experience on centralized platforms
such as Binance. 


Security and risk factors, particularly the risk of session keys,
are also discussed. Vivaldi and Mozart also touch on token
staking within Symphony. And finally, we hear about what’s next
on the roadmap!


What’s your take on intents in crypto? 


Building something exciting & want to come on the
show or sponsor us?


Email us at
business@teachmedefi.de or DM us on
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Timestamps:


00:00 - Teaser


03:30 - Chain Abstraction & Intents


07:15 - What is Symphony?


10:00 - How Solvers Work


14:00 - The User Journey in Detail


25:10 - TLDR Simple User Journey


28:00 - Can You Trust The Chain Abstraction?


34:30 - Staking Tokens in Symphony


38:10 - Wennn launch?


38:50 - Perpetuals Aggregator


42:10 - CEX vs. DEX


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Links / Additional Material:


Symphony Labs / Cadence Website: https://www.cadenceprotocol.io/


Vivaldi on X: https://x.com/vivaldi0x


Mozart on X: https://x.com/mozartcadence


Symphony Labs / Cadence on X: https://x.com/cadenceprotocol


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Disclaimer:


TEACHMEDEFI is a provider of entertainment and opinions. We are
neither a broker/dealer nor an investment advisor. This is not a
service for issuing or receiving financial or investment advice.
None of our content constitutes a recommendation – or should be
understood as such – to conduct transactions in securities,
cryptocurrencies, or crypto-assets, or to engage in any of the
investment strategies presented in our discussions or provided
content. We do not provide personalized recommendations or views
on whether a stock, cryptocurrency, crypto-asset, or investment
approach is suitable for the financial needs of a particular
individual.