Introducing Enclave Money

A brief overview of Enclave

Overview

Welcome to Enclave Money, your gateway to the simplest and most efficient way to transact on chain. Enclave is building a chain-abstracted liquidity infrastructure and wallet designed to provide users with seamless access to decentralized applications. With Enclave SDK/APIs, your users can spend your assets across chains as if they were all consolidated on the same chain. This enables a completely chainless experience for the end-user bridging the gap between the UX of crypto applications and the UX of web2 applications that user's are familiar with today.

How does it work?

Enclave supports multiple blockchain networks, ensuring flexibility and broad access to crypto applications. Our innovative approach abstracts the complexities of interacting with different chains, offering a user-friendly experience that focuses on eliminating network and infrastructure specific complexities . By simply depositing assets into their account, end-users are able to instantly spend these assets on the chain of their choice. Enclave is powered by a meticulous orchestration of infrastructure that enables your users to:

Transact instantly on any chain
Transact on multiple chains without bridging
Transact without paying for gas fees

What can you achieve with Enclave Money?

Balance Abstraction: Enable users to spend their fragmented balance on any chain in a single atomic transaction with 0 bridge latency. For example, a user with 10 USDC on Arbitrum, Optimism and Base can spend up to 30 USDC on ETH mainnet in a single atomic transation without bridging. The fragmented balance is treated as a single unified balance of 30 USDC. To the end-user it essentially feels like transacting on a single chain.
Gas Abstraction: Enable users to transact on networks without paying for gas using native gas tokens. This can be done by either sponsoring the gas for their transaction, allowing users to pay in the token of their choice or allowing users to pay for gas using funds on a different network. For example:
- User can pay for a transaction on Base using USDC on Base
- User can pay for a transaction on Optimism using USDC on Base
Asset Abstraction: Enable fungibility between tokens representing the same asset. There are several representations of the same asset which enhances liquidity fragmentation and leads to a very complex user experience. For example there are many assets representing the US dollar: USDC, USDT, DAI, USDe, PYUSD, etc. There are also many assets representing Bitcoin: WBTC, cbBTC, solvBTC, etc. These tokens all represent the same asset and have the same features (ex. none of them are yield bearing or produce any additional benefits that differentiate them from one another). Enclave can enable fungibility between these assets.
- A user can lend their funds to a USDT pool on Binance Smart Chain (which doesn't have USDC) and pay for this using USDC that they hold on Base. The user is not required to hold any USDT on BSC in this case but still has access to all the stablecoin based DeFi products on Binance Smart Chain.

NextEnclave Money Protocol

Last updated 4 days ago

Overview

How does it work?

Transact instantly on any chain

Transact on multiple chains without bridging

Transact without paying for gas fees

What can you achieve with Enclave Money?

Balance Abstraction: Enable users to spend their fragmented balance on any chain in a single atomic transaction with 0 bridge latency. For example, a user with 10 USDC on Arbitrum, Optimism and Base can spend up to 30 USDC on ETH mainnet in a single atomic transation without bridging. The fragmented balance is treated as a single unified balance of 30 USDC. To the end-user it essentially feels like transacting on a single chain.

Gas Abstraction: Enable users to transact on networks without paying for gas using native gas tokens. This can be done by either sponsoring the gas for their transaction, allowing users to pay in the token of their choice or allowing users to pay for gas using funds on a different network. For example:

User can pay for a transaction on Base using USDC on Base
User can pay for a transaction on Optimism using USDC on Base

Asset Abstraction: Enable fungibility between tokens representing the same asset. There are several representations of the same asset which enhances liquidity fragmentation and leads to a very complex user experience. For example there are many assets representing the US dollar: USDC, USDT, DAI, USDe, PYUSD, etc. There are also many assets representing Bitcoin: WBTC, cbBTC, solvBTC, etc. These tokens all represent the same asset and have the same features (ex. none of them are yield bearing or produce any additional benefits that differentiate them from one another). Enclave can enable fungibility between these assets.

A user can lend their funds to a USDT pool on Binance Smart Chain (which doesn't have USDC) and pay for this using USDC that they hold on Base. The user is not required to hold any USDT on BSC in this case but still has access to all the stablecoin based DeFi products on Binance Smart Chain.