The Evolution of the UX Layer of Crypto: Going Beyond Wallets

From Pain to Pleasure using Brahma

The user interaction layer for crypto is equivalent to what browsers are for the internet: they help users navigate the crypto world and facilitate their interactions with dApps.

However, there's a rising issue.

While crypto protocols and dApps continue to evolve, the tools that facilitate the interactions with them are not growing at the same pace.

With the ETF approval and the evolution of crypto into a cross-chain DeFi landscape, these tools are even facing new challenges, with more institutional involvement in DeFi and new cross-chain yield opportunities.

The current implementation of crypto wallets only gives a one-dimensional view of what's possible to do within crypto and DeFi - just like Mosaic, the first GUI-based browser, gave users simple access to the internet.

From an outside perspective, most wallets look the same: a browser extension with limited functionalities.

However, as the crypto user base evolves more sophisticated, most wallets are not aligned with complex transaction sets, user intents, dApp intents, or security requirements and often don't support the most critical feature of crypto: programmability.

As crypto becomes increasingly overwhelming and the user base outgrows traditional wallets, users need better tools.

Among these tools, Brahma stands out as an on-chain interaction layer for investors who do more than transact but are active on-chain.

The beauty of Console is that it does not compete with other wallets. 

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We believe that there's a solution for every type of user in crypto:

1. Retail Users will always use an EOA wallet (Rabby, MetaMask ) to connect with dApps, do quick transactions, and store assets on their cold wallets;

EOAs are the first touchpoint for any user who enters crypto and arguably adopt a "one-size-fits-all" approach, where most EOAs work the same and only have slightly different feature sets.

However, EOAs are not the most secure way to interact with dApps. They are not programmable and cannot determine the user's intent or the dApps.

2. Institutions will always use Multi-Party Computation (MPC) wallets for simple transactions. 

MPCs are similar to EOAs but don't require users to store their seeds or Private Keys. They usually target institutions and high-net-worth individuals, focusing on custody and security over execution.

For this reason, they are expensive and not accessible to everyone, and they lack any aspect of programmability.

Given these features, operating actively from an MPC can be expensive and requires an element of trust concerning the company managing the wallet.

3. Smart Wallets (Safe, AvocadoWallet)

Smart wallets are programmable smart contracts without private keys owned by EOA wallets.

Smart wallets also feature multisig functionalities that add an extra layer of security, including an in-house transaction simulator that allows users to see what the transaction is doing in human-readable language.

However, these wallets are tricky to use, and not all crypto users know their functionalities. For this reason, their UX is cumbersome.

The good news is that all of these wallets can be empowered by Console, which is a value-added for users, providing additional security, automation, and execution tooling, improving the efficiency and productivity of operating on-chain.

For this reason, Console is built over Safe, one of the most established custody solutions in the industry, with over $80b secured by its contracts.

Where does Console fit in there?

Console is the next evolutionary step after wallets: an on-chain interaction layer for users to navigate and operate seamlessly across dApps and protocols.

Console inherits the positive aspects of EOAs, Smartwallets, and MPCs, aiming to be the home base for all on-chain investors looking for more than their wallets can give them.

By doing so, Console focuses on:

1. Security

2. Programmability

3. Improved User Experience

4. Efficiency and Productivity

Arguably, the main differentiator of Brahma is that the approach is not trading first but rather custody first, ensuring the users benefit from the highest possible level of security.

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What are the pain points that Brahma is trying to solve?

• Designed for Teams Collaboration and Pro Users: Currently, no tools are designed for collaboration and team efficiency. Console creates the perfect environment for teams to collaborate, improving operational flows and efficiency, collaboration, and transaction execution.

• Risk segregation and Delegation On-Chain: Delegating has never been easier.

Improve the way you or your team operate on-chain. Segregate risk across Sub-Accounts to avoid getting rugged, and assign operations effortlessly with policies that can define the permissions of every Sub-Account.

• Programmability: Brahma is an interaction layer connecting with other dApps and protocols.

Users on Brahma can leverage risk segregation, delegations, and automations to enhance programmability and revolutionize their DeFi workflows (e.g. lending automations on AAVE to automatically rebalance and manage positions, DCA, TWAP strategies, and more).

• Console enables composability: users can combine and add any supported dApp into their workflows using the API.

• Native Access to Aggregated DeFi metrics and information on a block-by-block basis, making DeBank and DefiLlama info actionable and integrated into automated routines (using on-chain and off-chain triggers).

• Guaranteed Security and Self-Custody: New Infrastructure is often susceptible to hacks and usually unsafe for trading with size.

For this reason, Brahma guarantees 100% self-custody at all times and allows users to import their existing Safe, reducing friction and making the process trustless.

• Human Readable Changes: Console understands user intents and dApp intents and can show users human-readable code according to the action being taken.

Furthermore, Console allows devs to leverage our stack to create new policies and automations, developing new use cases and primitives and making Safe usable at scale.

A comparative way to define Console is as the "Blur of DeFi," a user interaction layer pushing the boundaries of the efficiency and productivity for on-chain users.

For the first time, users can leverage Brahma as a tool to facilitate their On-chain journey.

Improve security.

Delegate effortlessly.

Automate workflows and routines.

Execute Optimally.

Are you ready to experience the future of On-chain UX?

Apply for early access at Brahma on Brahma.fi

Or send me a DM if you want to try Brahma for you or your team.

I am giving out some Whitelist Access for some of my readers!

ps. This is not a sponsored thread. I work for Brahma, and I really think it’s a great tool