Messari: How Uniswap’s ERC-7683 Proposal Makes Solvers Great

Author: Nick Garcia, Messari Research Analyst; Compiler: 0xjs@黄金财经

Problem:

The multi-chain ecosystem fragments liquidity and deteriorates user experience.

Potential Solution - Intent-based Infrastructure:

Intent-based protocols use Solvers (market makers) to compete for and execute user orders. Essentially, this separates the urgent part of satisfying user orders from the complex part of verification. The benefits include better execution, unified liquidity, improved interoperability, and maximum extractable value (MEV) protection. Example protocols include CowSwap and Synapse.

Problems with Intent-based Networks:

What are the problems with intent-based networks today? Solver networks are isolated, so they are centralized and limit the Solver pools that can compete for user transactions, offsetting some of the advantages.

Proposed Solution to the Intent-Based Network Problem - ERC-7683:

ERC-7683 is a proposal jointly proposed by Uniswap and Across to establish a unified framework for intent-based systems to specify cross-chain operations. By implementing a standard, cross-chain intent systems can interoperate and share infrastructure such as order propagation services and Filler networks.

This will alleviate the problem of solver isolation and allow all protocols to access a unified solver network.

Who will benefit from ERC-7683:

Front-end (user interface): intent-based decentralized exchanges (DEX) and bridges such as Uniswap, CowSwap, and 1inch.

Middle layer (Solver): Solvers see an increase in order flow, and platforms like Khalani optimize solver performance.

Backend (Settlement): Protocols like Across and Everclear benefit from increased settlement activity.

In addition, users benefit from all the advantages mentioned above.