John Palmer 💡
@john
Hello Farcaster - we launched a big new feature for party.app today called Operators. Operators let groups on Ethereum move at the speed of the market. If you’re on a multisig, in a DAO, or part of any other on-chain group, this is for you.
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John Palmer 💡
@john
For any group on Ethereum, there's a tradeoff between building consensus and moving quickly. This means popular actions like trading tokens and buying NFTs often end up reverting. Operators solve this problem by decoupling decision-making and transaction execution.
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John Palmer 💡
@john
Operators use an intent-based architecture to enable flexible actions. Proposals can set on-chain constraints for an action to perform, but leave certain details flexible until execution. Once a proposal passes, it can then be executed with specific parameters at any time.
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John Palmer 💡
@john
For token swaps, creating a proposal is easy: - Choose the tokens to swap - Choose who can execute the swap - Optionally, set a limited price range Once passed, anyone on the allowed list of executors can perform the swap.
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John Palmer 💡
@john
For NFTs, it's easy to perform sweeps or individual purchases: - Choose a collection to buy from - Choose who can execute the purchase - Set a max budget - Optionally, set a max price per item Once passed, anyone on the allowed list of executors can select items to buy.
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John Palmer 💡
@john
I think this solves a critical pain point for all group products in Ethereum today. Before this, swapping tokens or buying NFTs as a group has been practically impossible. If you've got a multisig or DAO, I definitely recommend switching or augmenting it with a Party for day-to-day Ethereum usage. Live at party.app
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