Arcana Network presents its Chain Abstraction and opens registrations for its private beta

Arcana Network's Chain Abstraction has just been integrated into 3 new protocols: Aave, Uniswap and Polymarkets
This technology significantly improves the user experience, offering multi-chain balances and eliminating the need for gas tokens.
The Arcana Network testnet will be released sometime in September.

This article is brought to you in collaboration with Arcana Network (learn more)

Arcana Network: A Way to Unify Liquidity and Users in DeFi

Arcana Network is a Layer 1 designed to make the use of decentralized applications (dApps) much more optimal thanks to what is called string abstraction (Or “Chain Abstraction“).

String abstraction is a technology that provides users with a truly multichain experienceand this, by masking the technical complexities underlying networks/blockchains. To put it simply, the idea is to unify on-chain operations on a single and unique interface (example: a DEX)without taking into account the technical aspects related to each network.

Click here to sign up for the Arcana Network private beta

Here are some key features of Arcana Network :

Unified balance : combines assets from different blockchains into a single balance (often in USDC). And so this clearly optimizes the use of liquidity by reducing the need for unnecessary “bridging” transactions. Regardless of where the assets come from, they will actually be unified into a single balance.

Liquidity Defragmentation : users can interact with an application (which supports Chain Abstraction) from a single wallet (wallet), and without having to constantly changing networks.

Auth : Arcana's native SDK that allows user authentication on dApps directly via accounts created with social networks or even email addresses.

Gasless : SDK that allows elimination of gas charges (gas fee) for users. With this technology, gas costs are automatically managed by developers or some external sponsors.

To learn more about Arcana Network click on this link

Chain Abstraction Launches on AAVE, Uniswap and Polymarkets

Arcana Network recently launched its Chain Abstraction technology on three DeFi platforms, namely Aave, UniswapAnd Polymarkets.

Aave's Chain Abstraction support:

On Aave, Arcana's Chain Abstraction allows users to manage their funds across multiple blockchains, without the need for complex bridges.

Here's how it works in practice :

Simplified connection : Users log in to Aave with a EOA compatible wallet containing funds on different chains (e.g. Arbitrum and Optimism). From there, Aave automatically recognizes funds on all channels and combined into a single unified balance.

Optimized transactions : When a user wants to make a transaction, Arcana performs the entire process in real timeincluding the deposit of necessary funds and the settlement of transactions on the chosen channel. All this is done without manual intervention.

Elimination of gas charges : the necessary gas costs are automatically supported by Arcanathus eliminating the need for the user to hold gas tokens on each channel.

Automatic rebalance : at regular intervals or according to specific configurations, Arcana automatically rebalances funds across chainswhich therefore ensures maximum efficiency of users' capital.

Uniswap's Chain Abstraction Support:

Arcana's Chain Abstraction is also available on Uniswapone of the largest decentralized exchange (DEX) platforms.

Similar to Aave, this integration allows users to spend funds on a channel (like Optimism) while using assets held on another chain (like Arbitrum). For example, a user may hold USDC on Arbitrumbut use it directly on Optimism to exchange it for ETH.

Polymarkets support for chain abstraction:

Finally, Arcana's string abstraction technology is also supported by Polymarketsa market prediction platform.

Users can now deposit funds into Polymarkets, regardless of the chain on which their assets are held.

For example, a user with USDC on Optimism can send them directly to a deposit address on Polygon via Polymarkets, without having to manually transfer funds from one channel to another.

Another interesting aspect is that the integration of Arcana (whether on Polymarkets or on Aave / Uniswap) allows carry out these operations in record timewith typical transactions taking between 15 and 17 seconds.

Arcana Network: What are the next steps?

Arcana Network opened the registrations for his version private betaallowing early adopters to get a sneak peek at the future of cross-chain interactions. Plans are also underway to publish more demo videos on YouTube and Twitter highlighting chain abstraction on popular DeFi and mainstream Web3 applications, increasing anticipation for the full release.

Click here to sign up for the Arcana Network private beta

Other upcoming developments on Arcana's roadmap include the integration of a solver network to facilitate the provision of liquiditythe launch of a smartphone wallet for on-the-go access, as well as the provision of SDKs so that developers can integrate the technology more deeply into wallets and apps if they wish.

So, as Arcana prepares to launch its testnet in september and his mainnet later this year (Q4 2024), the protocol continues to build many partnerships across the Web3 ecosystem in hopes of creating a strong ecosystem.