Web3 Automation: The Missing Link for Blockchain Scalability
Web3 Automation: The Missing Link for Blockchain Scalability
🤖 Manual Web3 Is Dead
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:
Every major Web2 industry scaled with automation. Finance, agriculture, logistics, you name it. But for some reason crypto still relies on manual operations. It's time to change that! Link to the 1st blog of our “onchain automation” series at the end. Let’s break it down 🧵👇
Web3 won’t scale on manual transactions. In case you missed it, our latest blog dives into onchain automation 👀 TLDR: - Web2 is automated. Web3 isn’t (yet) - Smart contracts can’t self-execute - Manual ops don't scale. Automation does Go read it! Link below 🔽
Read the first blog of the series: What is onchain automation? 👇 mimic.fi/blog/what-is-o…
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 Proposes Trustless Automation as Key to Ethereum Scaling
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).
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)