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Abstract Chain

Category: Layer 2, Decentralized finance (DEFI)

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Overview

Total XP Rewards

100

Estimated Rewards

$25M

Funding

$11M

Current Stage

Season 1

Total value locked

$13.51M

Unique Users

-

Chains

chain image

Phase

Mainnet

Structure

XP based

Gas

Yes

Grade

A

Tasks

0/5

TGE

-

Type

Layer 2

Confirmed

Yes

Date

about 1 month ago

Introduction

  • Abstract is a consumer-focused Layer-2 blockchain on Ethereum, offering secure, low-fee, and fast transactions for scalable applications.  
  • It leverages zero-knowledge rollup technology to enhance scalability and user experience. 

Tasks

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Fundamentals

  • Modular Smart Wallets: Customizable contract wallets with flexible execution logic, allowing users to define unique rules for transactions.
  • Account Abstraction: Enables seamless cross-chain transactions without requiring native gas tokens, enhancing user experience and reducing friction.
  • Composable Automation: Automate complex on-chain actions using predefined triggers and customizable smart contract modules for efficiency.
  • Unified Cross-Chain UX: Provides a single wallet experience across multiple blockchains, simplifying interactions and reducing transaction complexity.
  • Permissionless Extensions: Developers can build and integrate new wallet features, expanding Abstract’s functionality without central approval.

Potential Rewards

  • Abstract XP (Experience Points) are earned by interacting with the platform, such as using dApps, completing tasks, and engaging with the ecosystem.
  • Holding PENGU or NFTs can provide an XP bonus, increasing your eligibility for rewards.
  • Engaging with dApps, trading, or interacting within the ecosystem helps earn XP and badges.
  • Active participation in Abstract's ecosystem could make you eligible for airdrops.
  • The more impactful your engagement, the better your chances for receiving rewards and airdrops.

Investors

  • Founders Fund
  • Selini Capital
  • 1kx

Features

  • Gas Sponsorship: Allows dApps or third parties to cover user gas fees, making transactions more accessible and cost-efficient.
  • Multi-Chain Recovery: Enables users to restore their wallets seamlessly across different chains without losing funds or private keys.
  • Custom Execution Logic: Users can define transaction conditions, automate approvals, and set predefined rules for smart wallet operations.
  • Session Keys: Grants temporary permissions for automated transactions, reducing repeated approvals while maintaining security and control.
  • Paymasters & Bundlers: Optimizes gas costs by batching multiple transactions and allowing third-party gas sponsorship to improve efficiency.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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