It’s Time to Accelerate: Introducing Agent

2024 State of Crypto

Thus far, this cycle has been dominated by restaking and AVSs led by EigenLayer, the crystallization of the rollup-centric future presented by Vitalik in 2020, and the rejuvenation of the Bitcoin ecosystem via new chains secured by BTC, several of which are EVM-compatible. EVM dApp experiences continue to advance as rollups lower the transaction costs, smart contract wallets gain adoption by offering more secure custody, and account abstraction efforts pave the way for mass adoption.

The ways projects bootstrap network effects have also advanced since last cycle, by providing more clarity into reward distribution to users. These points programs were introduced by friend.tech, doubled down on by Blast, and now virtually every project across the ecosystem adopts a similar model.

It's time to accelerate.

Account Accelerationism (acc/acc)

We spent the past few months designing an all-in-one platform for creating, managing, and trading Web3 Sub-Accounts. These accounts are wholly owned by “main accounts” and the non-custodial, permissionless platform offers a familiar user experience that is similar to any other dApp. These accounts will be compatible with any dApp deployed on an EVM chain, with the goal of facilitating capital deployment to the best opportunities in our space.

By introducing accounts as an asset class, we hope to accelerate the adoption of smart contract accounts using the most proven method in our industry—price discovery. It will also be quite different from other pre-launch token markets by allowing for a much more trustless and capital efficient solution that has physical delivery and no over-collateralization requirements, both of which will be necessary for future offerings.

A New Approach to NFTs in DeFi

The technology that powers Agent Accounts is the ERC-6551 standard, which was proposed by an EIP that came out last year. Most ERC-6551 applications focus on adding utility to NFTs; however, our team saw ERC-6551 as the foundation of a core DeFi primitive that allows addresses, accounts, reputation, and future rewards to be tradable. This standard will enable a market to form around blockchain addresses without requiring users to expose and compromise private keys in an insecure manner.

Joining the Agency

Our first product, the Agent Account Platform, deploys on Ethereum mainnet this week. There will be more EVM chains to come, with the long-term goal of supporting our users wherever there are opportunities.

Upon launch, you can create sub-accounts, deposit funds, and start earning rewards with your favorite opportunities on mainnet. Additionally, be sure to join the community to connect with other Agent users in the Discord, follow the Twitter for updates, and start climbing the leaderboard.

Welcome to the Agency.

Follow us on Twitter: https://twitter.com/AgentLabs

Join us on Discord: https://discord.gg/9MCgfdda