Improving user experience for web3 projects using meta-transactions

2. WHY BICONOMY ?

3. • It can take up to 20 steps for end users to
onboard onto any product - badly affecting
user acquisition
• Developers waste resources to solve this
UX problem. To build this (transaction
management and relayer infra) devs waste:
○ Up to $40,000 in development costs
to deploy
○ Up to 3 months of development time
○ Maintenance required, up to $4000
in monthly costs
• High Risk
○ Security and scalability required
○ Not core competency
Node
Servers
Wallet/Auth
Fiat Onramp
Data APIs/Analytics
Transaction Management
Relayer InfrastructureUnsolved
components
Partially
Solved
End Product
Problem : High Entry Barriers to build a Web 3 product
Gas Optimisation
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4. • Minimal resources required
• Less than 2 hours to integrate >>
Cost and time effective
• No maintenance needed
• Focus on core business >>
Efficient
• Lower Risks
• No need to manage security and
scalability >> No ‘Oh sh*t
moments!’
Transaction
Management
Relayer
InfrastructureSolved
80%+
Cost savings
90%+
deployment time
saved
Solution : Biconomy provides a plug and play solution via
an API and SDK that is fast, safe and cost effective
Companies
Surveyed
Gas Optimisation
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5. WHY DEVS
LOVE BICONOMY ?

6. Seamless developer experience
With Biconomy
Developers can integrate in 3 lines of
code
Less than 2 hours to integrate
● Gasless Transactions
● Gas Optimisation
● Associated dashboard
with analytics
● Blockchain Agnostic
● Layer 2
Interoperability
Without Biconomy
In house development of 3 + months
Features
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7. Seamless end-user experience
Create Wallet
Back up seed/private
key
Realising you need gas
Transferring gas
to created wallet
Finally able to interact
with DApp
✕ No stuck transactions ✓
✕
Free transaction
(Gas is subsidised by 3rd party or DApp
developer)
✓
✕ Gas Payment in ERC20 (In development) ✓
✕ Gas optimised ✓
✕
No need to learn about about
blockchain and managing wallets
✓
Blockchain
Without Biconomy
Up to 20 Steps
With Biconomy
Up to 4 Steps
Use Dapp like
any normal app
right away
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8. Who is using Biconomy?
… and more

9. Case Study : Biconomy x Curve Finance
Outcomes:
In one month, Biconomy
processed:
● $4.12 mn in deposits
● $6.84 mn in swaps
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Biconomy currently integrated in the ren and sbtc
pools.
Recently Biconomy is integrated in governance
voting on Curve.
Curve Finance Pools

10. Case Study : How Biconomy helped bring new liquidity and users to
Idle Finance
Outcomes:
● Increase in number of
users by 40%
● ~$1.2 mn in new
deposits after using
Biconomy for 2 months
● Better customer
feedback and retention
Select the desired asset
to be deposited
Press deposit and
confirm via easy one tap
signature
Seamless experience!
● No Gas Needed
● No stuck/Failed
Transaction
10

11. DEMO
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12. Seamless UX with Layer 2
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https://www.notion.so/Network-Agnostic-Transaction-Signing-using-Biconomy-77f8b0d0
0b944bc998f9accfe4dc0012

13. How to Integrate Biconomy?
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1. Enable native meta transaction in your smart contract by following
meta-tx standard
2. Deploy contract on network.
3. Upload contract and its abi on biconomy dashboard.
4. Enable meta transactions on specific methods.
5. Change your web3 provider to biconomy provider by passing API Key
6. Done!

14. Refer
https://docs.biconomy.io
For more details
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15. Bounties
15

16. We are issuing in total $4000 in
prizes that will be awarded to 4
teams
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17. 15
1. Layer 2 exits ( $1500)
Best hack that will solve the rising exit problems we are seeing on
layer 2. We’re looking for a solution that provides instant and gasless
exits from layer 2 where a pool of tokens on both Layer 1 and Layer
2 are maintained. We expect the full experience to be gasless using
Biconomy.
2. Gas fees in Erc 20 ( $1000)
Best team that find a way to hedge the risk/volatility of relayers
which submit transactions on chain using ETH on behalf of the end
user and in return accepts ERC20 tokens as transaction fees.

18. 15
3. Biconomy Explorer ( $500)
Most creative explorer for Biconomy that tracks all the transactions
processed by us.
4. Open Idea ( Min $1000)
Best idea in defi, gaming or anything using Biconomy. We expect you
to be as creative as possible.

19. Relevant Collateral
1. Technical Docs
https://docs.biconomy.io
2. Other Docs
https://medium.com/biconomy
3. Integration Explainer Video
https://www.youtube.com/watch?v=hZjk4D6wxGA&t=84s

20. Thank you
Biconomy.io
Contact:
connect@biconomy.io
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