This week, the Axal team witnessed the craziest thing they had ever seen in web3. No, it wasn't some rug or token pumping 1000x. A $100K+ Axal Yield transaction, being completed in UNDER 1 SECOND, for 1 CENT 🤯 A 🧵on how @Alchemy 7702 accounts have changed web3 UX forever:

Making Axal wallets constantly accessible to users has been a priority since day 1 (private key export via HPKE, separate browser session to see keys) When we started working on Axal Yield, we were coming off of *terrible* experiences with session keys for 4337 accounts

One dark day in March, a user deposited on mainnet before we had explicit support We had to create new session keys for ALL users on mainnet (~$1/user). The worst part? Users needed to WRITE CODE to access funds, or trust us - since wallets/explorers had woeful 4337 support.

The team was pissed, and opted for EOAs (with security policies) to be truly non-custodial. We entered a hellscape of manual gas management, 70+ second processing times, and ~$1 per batch of deposits/withdrawals (each). No gas sponsorship either (fear of sweeping attacks).

After all this pain, we finally realize UX takes precedence over everything. EIP-7702 has been life changing. We support exporting wallets, batch transactions, AND sponsor gas with the help of @alchemy. Tx processing times and gas spend are far lower. How low are we talking?

$140,000+ deposited into Axal in one batched tx, across 3 different 4626 vaults. It was processed in 400ms on our servers, for ONE CENT. Thats a MILLION times the amount we can deposit using a unit of gas. ⚡️⚡️⚡️

What's even crazier is the $ amount doesn't matter - gas cost scales with the number of operations, not the amount of tokens swapped. This means we could still pay 1 CENT + take <1 SECOND for multi-MILLION dollar txs (or more 👀). All while still being totally non-custodial!

Huge thanks to the @alchemy team for the constant support over these busy months! The consistency of their bundler, great documentation and fast turnarounds for dev support made this possible.

@Alchemy and shoutout to the legendary @dev1_sh for building all of this for the Axal team + writing this post! we need to swap engineering for bizdev asap