Mimic Proposes Trustless Automation as Key to Ethereum Scaling
Mimic Proposes Trustless Automation as Key to Ethereum Scaling
🤖 RISC-V Gets A Friend
In response to Vitalik Buterin's RISC-V proposal, Mimic presents trustless automation as a crucial component for scaling Ethereum development. The approach focuses on:
- Reducing manual operations to increase development focus
- Enhancing dApp efficiency for better user experience
- Streamlining development with pre-built automation functions
Similar to how RISC-V aims to improve computational efficiency, automation addresses operational complexity. Mimic is building a modular automation layer with intents and relayers.
Learn more at their ETH Dubai Conference talk on April 29th, 16:10 (GMT+4).
Inspired by @VitalikButerin's proposal to replace the EVM with RISC-V, we wanted to share our perspective on scalability as infra builders. While the core execution infra is essential, we believe Trustless Automation can be a key component for scaling Ethereum development: 1⃣
Web3 Automation: The Missing Link for Blockchain Scalability
While Web2 industries have embraced automation (60-75% of US equity trading is automated), Web3 still largely relies on manual operations. This creates significant challenges for projects handling thousands of transactions. Key points: - Smart contracts cannot self-execute - Manual operations limit scalability - Current automation solutions lack flexibility Mimic Protocol aims to address these challenges with a crosschain automation layer that helps developers streamline blockchain operations. The platform allows users to define rules and automate tasks with enhanced control. Learn more: - [Join waitlist](https://www.mimic.fi/) - [Read full blog](https://www.mimic.fi/blog/what-is-onchain-automation)
Mimic Founder to Speak at ETH Dubai Conference
Mimic's founder Mike Silagadze will deliver two key presentations in Dubai this week: - **ETH Dubai Conference**: Learn about standardizing automation in DeFi on Track3 stage at 16:10 local time - **Token2049**: Keynote speech on *The Future of Consumer Applications on Ethereum* on Wednesday, April 30 at 4pm Join us at either event to discover how Mimic is shaping the future of DeFi automation.
Mimic Protocol Launches Automated DeFi Operations Platform
Mimic Protocol introduces a comprehensive automation platform for DeFi operations. The system standardizes and secures complex workflows while offering scalability across different use cases. - Platform caters to developers, product managers, and financial officers - Decentralized solvers optimize task execution for speed and cost - Real-time adaptation ensures reliable performance - Supports operations like yield farming, liquidity provision, and portfolio rebalancing Learn more about the technical implementation in their [detailed announcement](https://medium.com/mimicfi/announcing-the-mimic-protocol-499041273a74)