The Ethereum Foundation has implemented a collaborative interoperability solution called the Open Intents Framework. The framework went live on Feb. 19 and may potentially simplify cross-chain transactions significantly.
Intents are an approach to bridging that emphasizes user friendliness. As the blockchain economy grows, the need for bridging and other forms of interoperability increase.
The user’s intents are carried out without technical instructions
The idea is that a user, which could be a person or a protocol, expresses their intent for a transaction and a solver works out the technical details and completes the transaction. The idea is not new, but implementation across all of the Ethereum network is a step forward.
The Open Intents Framework was developed by Ethereum along with the Hyperlane and Bootnode organizations. It is a suite of open-source modules that developers can use to customize solving and settlement.
The readily accessible modules consist of an Open-Source Solver Implementation app, composable smart contracts and a UI template. They will save time and money on development and their correct implementation will save on transaction times and gas fees, the Ethereum Foundation explained in an X post.
The framework depends on agents called solvers. In a description of the framework, its developers say, “Solvers handle the difficult parts, such as finding the best execution route, settling the transactions, and taking on finality risk.”
Other intents-focused solutions are available
The framework uses the ERC-7683 standard for the expression of intents. That standard is already supported by over 50 protocols. In addition, Arbitrum has a Universal Intents Engine.
Across Protocol and Uniswap claimed to have developed “DeFi’s first standard for cross-chain intents” in April. The Open Intents Framework acknowledged its complementary nature.
The Anoma Foundation, which was not mentioned by the Open Intents Framework developers, is also working on a network that it describes as “a distributed OS [operating system] for intent-centric apps.”
While the benefits of intent-driven transactions are numerous, it is not without risks. Users have to make their intents clear enough to avoid the solver doing something else. There is also a risk of malicious solvers or vulnerabilities in the solvers.
United States Federal Reserve vice chair Michael Barr said in a speech on the eve of the Open Intents Framework’s introduction that generative artificial intelligence, such as solvers, could lead to undetected market manipulation through coordinated efforts or could contribute to market bubbles and crashes.
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