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- May Updates - Gasless Swaps, Organisations & more
May Updates - Gasless Swaps, Organisations & more
More specifically: Launching organisations, swaps, tx building, & offramps.
Credits: Midjourney
Utopians!
Kaito here - each month, I’ll be highlighting new features that our team has shipped, and the problems we’re solving when it comes to your onchain financial operations.
Let’s get into it - we’ve split this newsletter into two sections:
Public launches which any user can access
Private beta features, which you’ll have to request access for.
Public Launches
Organisations
We’ve noticed that alot of onchain organisations have tons of SAFE’s - whether it’s on different chains, or for different departments/use cases.
With this launch, you can create an organisation on Utopia, and add one or more Gnosis SAFEs to it. You’ll also be able to aggregate transactions insights across all of your SAFE’s - click here for a super short tutorial.
Swaps
Let’s face it - swapping with SAFE’s are a pain because slippage & price movement frequently invalidate a proposed transaction as it waits to be signed.
As we speak - we’re working on simple onchain permissioning (example: let Bob "swap" up to Z a month"), more info with our work with 0x protocol here.
In the meantime, we’ve launched the basic version of gasless token swaps in Utopia, which has a few features to make swapping smoother:
Available across all chains
Best prices, powered by 0x aggregator
Bundled token approvals
MEV/slippage protection
Human readable context
Support our twitter launch here.
Private Beta
If you want access to any of these features, dm the person shipping the feature on twitter (I’ve linked their URL’s so it’s easier).
Transaction Builder - Vicente (https://twitter.com/xnt)
Drafting, signing, and understanding transactions when building custom transactions is a risky, slow, painful, and expensive process.
You’re now able to build custom transactions right in Utopia - we’re also going to be introducing the concept of “recipes”, which automates complicated SAFE transactions into smooth workflows.
Offramps for Individuals - Victoria (https://twitter.com/victoriakimse)
Offramping in America is unreliable. Most offramps take a ton of KYC attempts with several failed transactions, just to get your hard earned USDC into your bank account.
That’s no longer the case with Utopia’s offramp. KYC, connect your bank, and off ramp your crypto super quickly and efficiently!
Offramps for Businesses - Pryce (https://twitter.com/pryceandstuff)
For some reason, it takes months to get approval to offramp funds as a company (trust us, we know).
With Utopia - we’re making the process of going from your SAFE to your business bank account 10x easier.
Just helped facilitate 25k in an USDC ➡️ USD 💵 off-ramp right to a bank account for one of my favorite @utopialabs_ users.
@utopialabs_ x Bridge is about to go crazy twitter.com/i/web/status/1…
— pryce the utopian (@pryceandstuff)
9:57 PM • May 26, 2023
And that’s all!
My hope is to make these end of month product announcements exciting, entertaining, and short to the point.
If you have any feedback or questions, you’re always free to respond directly to this email, ping me in Intercom, or dm me on Discord (Kaito | Utopia ⛩#5843)
Let’s accelerate onchain organisations.
Kaito