The report discusses the longstanding user experience (UX) problems in on-chain applications within the cryptocurrency space, emphasizing the need for improved interfaces to make interactions more accessible for new users. It highlights how current methods, especially in EVM ecosystems, still rely heavily on browser extensions like MetaMask, creating a steep learning curve for users transitioning from centralized exchanges (CEXs) to decentralized finance (DeFi).
The introduction of AI agents is proposed as a potential solution to streamline on-chain interactions. These AI agents can automate complex processes by translating natural language instructions into executable blockchain transactions. However, they come with risks, such as the tendency for AI to produce incorrect outputs ("hallucinations").
The report also details the Delegation Authorization Network (DAN) developed by Biconomy and Silence Labs, which enhances security by managing transaction authorizations without exposing user keys. This network aims to facilitate permission management, allowing users to set specific parameters for AI agents to operate within.
Overall, while AI agents hold promise for enhancing the crypto UX, the report suggests that we are still a significant time away from widespread, secure adoption of this technology, with ongoing developments needed to ensure reliability and safety.
