Transaction Batching Enhances DeFi Security and Efficiency
Transaction Batching Enhances DeFi Security and Efficiency
馃攼 One Click To Rule Them All
Several DeFi platforms are implementing EIP-5792 transaction batching to improve security and user experience:
- @sparkdotfi now enables users to deposit weETH and borrow DAI in a single transaction
- @vaultsfyi supports hardware wallet integration with batched approvals
- @JumperExchange implements exact-value token approvals combined with swap/bridge transactions
Key benefits:
- Eliminates persistent token approvals
- Reduces number of required signatures
- Enhances security through limited approvals
- Streamlines user experience
All implementations leverage EIP-5792 standard for transaction batching
Great yield opportunities and no token approval risks? It's called @vaultsfyi Watch me batch token approval and deposit transaction, using a HARDWARE WALLET 馃く
Deposit and borrow in a single transaction? Try it out with @sparkdotfi
Great apps don't make you manage token approvals, they just keep you safe. Just use @JumperExchange
Ambire Journal Vol.4: Growth Updates and New Features
**Key Updates from Ambire Wallet:** - Ethereum Foundation forked Ambire for *Kohaku*, a prototype wallet focused on interoperability and privacy - Transaction batching and gas abstraction now live on 10 chains - New features include improved app catalog, multi-token swaps, and account organization - Governance milestone: 100+ voters in a single vote - 50M $WALLET acquired in buybacks - Rewards Season 1 ongoing with 20M $WALLET available *Recent achievements include smart EOA upgrades for 25,625 addresses and successful launch of the Extension wallet in May.* [Read full journal](https://blog.ambire.com/ambire-journal-things-are-growing/)
RevokeCash Offers Free Gas for Weekly Token Approval Revocations
**RevokeCash introduces summer promotion for safer wallet management** Users can now benefit from sponsored gas fees when batch revoking token approvals once per week through RevokeCash. This initiative encourages regular security maintenance of crypto wallets. How to use: - Visit [RevokeCash](https://revoke.cash) - Use the batch revoke feature - Save on gas fees *Regular token approval reviews are essential for wallet security*
EIP-7702: The Next Ethereum Upgrade Explained
Ethereum's upcoming upgrade introduces EIP-7702, a significant improvement for wallet functionality. This proposal aims to enhance account abstraction, enabling wallets to support both basic (EOA) and smart accounts simultaneously. Key points: - Hybrid account abstraction improves security and user experience - Combines benefits of traditional and smart contract wallets - Ambire implements this solution for enhanced wallet functionality [Read the detailed analysis](https://blog.ambire.com/eip-7702-wallet/) to understand how this upgrade affects your Ethereum experience.
Ambire Demos Enhanced EOA Features on Odyssey Testnet
Ambire has successfully demonstrated enhanced EOA (Externally Owned Account) capabilities on the Ithaca Odyssey Testnet, previewing features from Ethereum's upcoming Pectra upgrade. Key improvements enabled by EIP-7702: - Transaction batching for multiple operations - Simplified token approval management - Gas fee payment using ERC-20 tokens These features will be available to all existing Ethereum accounts, marking a significant advancement in wallet functionality and user experience. [View demo transaction](https://benzin.ambire.com/?chainId=911867&txnId=0xd1e0755113190d9ca650f05ebcf6959707c28ab95f707be805a2dfdd75e76c75)
Ambire Community Called to Vote on Legends Rewards Distribution
Ambire has opened community voting for the distribution of Legends rewards, marking a significant governance milestone. - Voting period runs until January 29, 2025 - Community members can participate through Ambire Discord - Detailed proposal available for review and discussion This follows December's successful 2x points multiplier initiative during the Christmas period. *Your participation shapes the future of Ambire Legends rewards.*