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Intent-centric design | Venture capital NGC aggregates industry trends

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Intent-centric design | Venture capital NGC aggregates industry trends

How does intent-centric design enhance user experience? Renowned venture capital NGC researcher Adam Arreola summarizes industry information, guiding readers to understand the impact of intent-centric design on the future development of the blockchain industry.

Table of Contents

What is Intent-Centric Design

For the average user, using blockchain services for transactions is still too complicated. Users typically know what their goal is, but before achieving that goal, existing services require a large and complex set of steps.

Therefore, Intent-Centric Design has attracted attention in the blockchain community in recent years. Intent-Centric Design allows users to directly choose the desired outcome, rather than thinking through each step to accomplish their goal. For example, if a user wishes to buy a certain amount of ETH on Ethereum and wants to pay with BTC on the Bitcoin blockchain, an intent-centric service can easily achieve this goal without requiring users to consider the complicated steps of cross-chain transactions.

This article will explore the related extended issues of Intent-Centric Design, including:

Why Intent-Centric Design is Important

In the past, the complexity of blockchain transactions created an unfair competitive environment. Only the most savvy users could profit from it, including market makers, high-frequency traders, MEV searchers, etc., using their access to advanced resources, systems, and algorithms to maximize profits.

Now, intent design can balance the competitive environment, simplify the way users transact on the chain, and improve the capital efficiency of the entire system.

  • For savvy participants, given their existing capabilities, under this design framework, they will transform into solution providers (solvers) to help find efficient trading paths.
  • For regular users, in addition to reducing operational complexity, intent-centric systems provide a better user interface, enhance optimization of gas fees and slippage, and increase composability.

Users do not need to know or understand the details required to achieve their goals. They only need to confirm what their desired end result is, making it easier for ordinary participants to transact on the chain, potentially increasing demand for blockchain among users, thereby increasing overall liquidity and strengthening the blockchain ecosystem.

Intent-Centric Design eliminates common problems users face when using blockchain services and optimizes the process. For example:

  • Transaction Efficiency: In blockchain transactions, users must pay gas fees in specific tokens, which is a foreign experience for new users. Account abstraction ERC-4337 allows users to pay gas fees with any ERC-20 token, or protocols can pay gas fees on behalf of their users, increasing gas fee flexibility, simplifying interactions, and enhancing user control over transactions.
  • Gas Fees: Intent-Centric Design can optimize gas fees for each transaction without users needing to estimate the required gas fees.