Spicenet Docs
  • Welcome to Spicenet
  • Introduction to Spicenet
    • Understanding the Need for a Global Financial Internet
    • The Sovereign Rollup Approach
  • Core Technical Architecture
    • The Nearly Optimal Merkle Tree (NOMT)
    • Asynchronous Execution Pipeline
    • Validator System Architecture
    • Shockwave
  • Advanced Technical Components
    • Sharding Implementation
    • Decentralized Sequencing
    • Based Multiple Concurrent Proposers
    • Multi-Staking Protocol
  • spicenet trading stack
    • Spicenet Trading Stack: Enshrined Liquidity and Market Structure
    • Unified Margin Accounts (UMAs)
    • Global and Local Markets
    • Instrument and Product Specification
    • Flashbooks: Intention-Based Orderbooks
    • Network-Owned Liquidity(NoL): A Deep Dive
    • Decoupled Order Matching and Settlement
  • spicenet execution network
    • Spicenet Execution Network
  • Products
    • PepperDEX: The Connective Tissue of Spicenet
    • hotUSD: the first Bitcoin dollar
    • User Abstraction Suite
    • Capsule: Smart Wallet Module
  • $SPICE Token
    • What is $SPICE?
    • $SPICE Utility
    • $SPICE Distribution
    • Airdrop and Ambassador Program
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  • Wallet Abstraction
  • Gas Abstraction
  • Asset Abstraction
  • Trading Abstraction
  1. Products

User Abstraction Suite

PrevioushotUSD: the first Bitcoin dollarNextCapsule: Smart Wallet Module

Last updated 3 months ago

Spicenet features a set of abstraction technologies that make interacting with applications on Spicenet a breeze. These abstractions are built into the chain, such that applications can leverage them to build real-time, intuitive and UX-friendly with almost no overhead. For now, Spicenet includes abstraction tooling for

  • Wallets

  • Gas

  • Assets

  • Trading

  • And more coming soon

Wallet Abstraction

Spicenet's wallet abstraction standard(Capsule) enables interaction with Spicenet applications using any existing wallet standard from any blockchain ecosystem, without the need to migrate wallets and assets, offering an integrated and native experiencing to users coming from major ecosystems like Solana and Ethereum.

Gas Abstraction

Gas Abstraction on Spicenet allows users to pay Gas using any token that may exist in their portfolio. Gas is deducted out of the margin asset that is being put up as collateral. And because the magnitude of gas is so low, users never experience directly paying gas, and hence never have to separately maintain gas in their wallets. Gas is automatically deducted from the assets that the user holds.

Asset Abstraction

Alongside liquidity fragmentation, asset fragmentation is a major problem faced by blockchains. An asset available on one chain cannot be easily accessed by a user on another chain. On Spicenet, via it's highly integrated solver marketplace, users can trade any asset, on any chain, within a few seconds, with minimal slippage.

Trading Abstraction

Onboarding has always been a major problem. Applications are often located on only on-chain, i.e are chain specific, and users need to bridge over their assets to use applications on other chains. Spicenet allows users and applications to leverage it's liquidity layer from any existing blockchain ecosystem that the user may already have funds on, or applications can retain their existing userbase and can still choose to draw liquidity from Spicenet.

This is made possible by Spicenet's integrated solver marketplace, that not only allows filling orders originating natively on Spicenet against broader liquidity sources, but also orders that do not originate on Spicenet, but with accounting and matching happening on Spicenet.