RedVeil.eth 🍿
228 posts

RedVeil.eth 🍿
@0xRedVeil
Lead Dev at VaultCraft and Smart Contracts at Midas Capital



We are changing our Self Serve X API with new pricing options and limits. Below are the highlights. 🎉 ~ Launching Annual Subscriptions: available at discounted rates! ~ Basic: will increase from $100 to $200 monthly with higher limits and new endpoints ~ Free: Introducing experimental Read access! ~ Top-Ups: Basic and Pro will have limited top-ups ~ Emergency & Public Utility Apps: will have 2x higher access levels for free ⚡️









#Gaza this morning a food convoy waiting to move into Northern Gaza was hit by Israeli naval gunfire - thankfully no one was injured @UNRWA









The Era of Chain Abstraction, powered by @NEARProtocol's Universal Accounts Not many people know this yet, but NEAR’s new Universal Accounts will enable bridgeless DeFi of native assets (ie. cross-chain swaps or lending, among others). These are smart contract-controlled accounts that allow you to sign chain signatures on any chain. Imagine @THORChain or @Chainflip but on steroids, eliminating bridge risk, secured by NEAR validators (currently billions of USD), and opening up a new world of cross-chain products. What can you do with it? 1. No need to know which chain you are using. Just trade, borrow, lend, forget about bridging, etc. 2. True omnichain spot orderbook with native assets. This is effectively a CEX-like experience on-chain for SPOT assets, not perps. Imagine trading native $BTC, $SOL, $ETH, Cosmos assets, etc. in an on-chain orderbook... 3. Cross-chain lending. E.g.: deposit native BTC as collateral on your NEAR smart contract-controlled account, and for example withdraw USDC on any CCIP supported chain. 4. On-chain RFQ/Orderbook for native BRC-20 tokens at NEAR finality time of 1-2 seconds (NEAR as some sort of Bitcoin L2). Remember: no bridges, signatures native to NEAR and BTC, where users can buy or sell ordinals with any assets on any chain. As the focus shifts towards user experience rather than the underlying tech, chain abstraction is set to reshape DeFi as we know it, defragmenting liquidity, users, and developer resources. 2024 will be the year of Chain Abstraction, and @NEARProtocol is at the forefront of this technology.












