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dappOS: Building Windows for the Web3 Era

dappOS: Building Windows for the Web3 Era

2024.05.06
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dappOS: Building Windows for the Web3 Era

dappOS makes executing blockchain tasks as simple as clicking an icon in the Windows system.

2024.05.06 - 03:12:29
dappOS
dappOS makes executing blockchain tasks as simple as clicking an icon in the Windows system.

Author: Fishery, Core Contributor of Biteye

Editor: Crush, Core Contributor of Biteye

*Approximately 4500 words, estimated reading time: 8 minutes

In the ever-evolving narrative of the Web3 world, a new trend emerges every few days. Interactions are becoming increasingly complex, involving more steps than ever, while users face increasingly sophisticated phishing scams.

This situation not only raises the barrier to entry for new users but also presents a challenge even for experienced users trying to keep pace with the rapidly changing landscape.

In this context, the "intent-centric" philosophy has emerged, making Web3 interactions more user-friendly and secure.

The "intent-centric" approach allows users to execute complex blockchain operations by simply defining their intent, without needing to understand the underlying technical complexities.

For instance, if a user's intent involves multiple transactions, the system automatically handles all related steps—such as verification, transaction execution, and result confirmation—requiring only that the user submit their intent.

We can compare traditional crypto wallet interactions to the DOS command line—obscure and high-barrier. In contrast, dappOS is like the familiar Windows operating system that understands the user’s “intent.”

Just as Windows revolutionized how people interact with computers, dappOS aims to transform how people access and use blockchain applications.

By empowering blockchain infrastructure and applications to efficiently and decentralizedly execute user intents, dappOS makes performing blockchain tasks as simple as clicking an icon in the Windows operating system.

0Funding Information

dappOS, a groundbreaking Web3 intent execution network built on its "intent-centric" design philosophy, has gained widespread market recognition and the support of leading Web3 capital.

In March this year, dappOS completed its Series A funding round, raising $15.3 million at a $300 million valuation, led by Polychain.

Polychain is a renowned top-tier Web3 dollar fund, having led investments in star projects of this bull cycle such as Bittensor (TAO), Celestia, Eigenlayer, and Babylon.

This latest funding round reflects strong confidence from leading Western institutions in the "intent-centric" sector and solidifies dappOS’s position as a leader in the Intent-Centric space.

Beyond Polychain, dappOS attracted investment from several other prominent institutions early on.

  • In November 2022, dappOS was selected into Binance Labs’ fifth-season incubation program.

  • In June 2023, dappOS secured a Pre-Seed round from Binance Labs, providing initial capital for further development.

  • On July 21, 2023, dappOS further strengthened its market position by successfully closing a seed round at a $50 million valuation. This round was co-led by IDG Capital and Sequoia China, with participation from notable investors including OKX Ventures, HashKey Capital, and KuCoin Ventures.

Its funding history clearly shows that dappOS has stood out among intent-centric projects and earned sustained investor confidence.

These capital injections enable dappOS not only to accelerate product development and market expansion but also to strengthen its influence within the broader Web3 ecosystem.

0How to Connect Intent to Traditional Blockchains?

We all know that blockchains are fundamentally built on cold code. The core challenge for intent-centric systems is enabling blockchains to securely and precisely execute user intents.

As a core infrastructure in the intent-centric space—the intent execution network—dappOS provides developers with Intent Task Frameworks to bridge user intents with traditional blockchains, transforming specific user intents into on-chain actions.

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

In the future, the team plans to introduce additional frameworks to support more complex intent executions.

Unified Account

dappOS’s Unified Account system is an intent-based account architecture. It enables users to seamlessly manage and use their assets across any decentralized application (dApp) integrated with the dappOS SDK, operate across all major blockchains, and pay fees using any mainstream token—significantly simplifying the global blockchain experience.

Moreover, this system enhances asset liquidity and interoperability across different blockchains, offering a simple yet efficient platform for fund management and transaction payments—akin to traditional financial services—while preserving core blockchain features such as transparency and decentralization.

Intent Assets

dappOS’s Intent Assets represent an innovative type of asset that can automatically adapt to different use cases and generate yield when idle.

For example, its stablecoin called intentUSD not only functions as a regular stablecoin but also generates interest when not in use.

Such assets can automatically convert between different forms of stablecoins—like USDT or USDC—based on user needs in various scenarios, greatly enhancing asset flexibility and adaptability.

This functionality is essentially a “Yu’ebao” for the Web3 era, offering convenience in asset usage while generating passive income.

Real-time dApp Interaction

This framework enhances real-time interaction with decentralized applications by supporting contract calls initiated from contract-based wallets, combined with asset bridging involving arbitrary steps and dependencies.

It accommodates most traditionally manual dApp interaction tasks. The framework is already live and adopted by popular dApps such as GMX, Benqi, and QuickSwap.

The Real-time dApp Interaction framework provides immediate and flexible interaction capabilities for decentralized applications—a significant advantage for apps requiring frequent updates and instant feedback.

Intelligent Minting

This framework effectively eliminates the need for users to delegate their private keys to third-party bots, emphasizing user sovereignty and marking a key advancement in security.

With Intelligent Minting, users maintain direct control over the minting process without relying on external agents. This approach not only improves operational security but also strengthens user ownership of their assets—playing a crucial role in protecting user funds and building trust.

0Technical and Mechanism Innovations

From a technical standpoint, the intent execution network dappOS creates a two-sided market that transforms valuable intents into on-chain outcomes.

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

On the other, it provides developers with infrastructure to efficiently generate intent tasks, fulfilling the demand to translate user intents into on-chain results.

Optimistic Minimum Staking (OMS) is one of dappOS’s most critical innovations.

The OMS mechanism requires each intent task to have a defined value, meaning users receive predetermined compensation if a task fails.

This not only improves task execution efficiency but also ensures user fund safety—if a task fails, the network slashes the staked collateral of the responsible service provider, guaranteeing either successful execution or user compensation.

Additionally, service providers only need to stake minimal collateral slightly exceeding the total value of ongoing intent tasks. This setup reduces their burden, increases capital efficiency, allows them to offer verifiable value-specific services, and enables users to enjoy fast service experiences.

Free Market Governance is another major innovation of dappOS, enabling the intent marketplace to function competitively and unlock its full potential.

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

This approach ensures network openness and transparency while adapting dynamically to user demands, optimizing resource allocation, task distribution, network efficiency, and response speed.

0Audits and Security

As a new technology, security is users’ top concern. dappOS takes security seriously, undergoing comprehensive audit processes and implementing structured exit mechanisms to ensure network safety and reliability, minimizing risk exposure.

dappOS v2 has passed security audits conducted by top-tier firms including Trail of Bits, Certik, Slowmist, and Secure3. The corresponding audit reports are publicly available on dappOS’s website. These reports not only demonstrate its robust security framework but also build confidence for large-scale capital inflows.

Delayed Exit Mechanism: To further enhance security, dappOS implements a structured delayed exit mechanism for service providers and validators within its intent execution network.

All service providers and validators in the network must adhere to a 14-day withdrawal delay. This delay is crucial, allowing sufficient time to confirm the resolution of tasks and responsibilities associated with service providers.

For service providers, this ensures that any value-specific tasks they participated in are fully resolved and dispute-free. Similarly, for validators, the delay ensures that any governance actions or challenge participations are completely processed and concluded, preventing governance attacks. This mechanism significantly raises the bar for malicious behavior.

These security measures reflect dappOS’s commitment to building a secure, reliable, and transparent ecosystem. Through rigorous audits and delayed withdrawal mechanisms, dappOS proactively mitigates potential security issues, protects users from vulnerabilities, and creates favorable conditions for large capital inflows—ultimately enabling a positive feedback loop for the ecosystem.

0Interaction and Participation

dappOS’s Execution Validators use a Proof-of-Stake (PoS) mechanism. Given that the project will inevitably issue a token in the future to secure the network, dappOS is highly worth engaging with now.

Numerous leading projects have already integrated dappOS v2. For example, GMX partnered with dappOS to distribute 100,000 ARB tokens to participating users.

KiloEx recently integrated dappOS v2. One week after integration, its daily trading volume hit a record high of $238 million, Manta’s chain DAU surged over 3000%, and trading volume increased by 217%. Both parties will jointly launch an airdrop for interacting users.

Besides interaction, another important way to participate in dappOS is by becoming an Execution Validator, contributing to network security.

Execution Validators play a critical role in maintaining network security and stability by ensuring service providers accurately complete their tasks.

However, compared to simple interaction, becoming an Execution Validator requires not only technical expertise but also a significant time commitment for maintenance.

Those interested in becoming Execution Validators can contact the project team via email.

0Conclusion

Currently, the intent-centric sector is still in its early stages of development, primarily aiming to simplify the complex interaction logic of today’s Web3, making it easier for newcomers to enter the space.

If successful, intent-centric infrastructure could drive significant traffic growth in Web3, becoming an essential gateway for new users and unlocking substantial capital flows and market activity—an ambitious and compelling narrative.

For such a high-potential, narrative-rich sector, getting involved early means identifying leading projects with strong backing, top-tier capital support, and the ability to set industry standards.

Judging from dappOS’s impressive investor lineup and high-quality partnerships, it meets most of the criteria to become the leader in the Intent-Centric space.

dappOS’s intent-centric infrastructure not only accelerates dApp adoption but also makes blockchain applications more accessible and widely usable.

Through numerous technological innovations in dappOS v2, complex blockchain functionalities become easily accessible, allowing ordinary users to benefit from Web3 technology—this is precisely dappOS’s vision of being the “Windows” of the Web3 world.

dappOS has already become the benchmark project that others in the Intent-Centric space strive to compete against. Whether the broader Intent-Centric narrative will truly break into the mainstream remains to be seen—and worth watching closely.

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