DeFi for Fools: From “One-Click Interaction” to Real Cold Start, How Can the Chain Break Through?

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ODAILY
07-08
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In the crypto world, there is an often-overlooked truth: "The simpler it is, the more dangerous it becomes". DeFi has developed to a point where it is racing towards "fool-proof operations": Don't know how to use smart contracts? Not familiar with blockchain? No problem, various SDKs, aggregators, and wallet plugins have already wrapped complex on-chain operations into "one-click interactions". For example, the Shogun SDK can compress DeFi operations that originally required multiple steps of signing, authorization, and transfer into a single click, with its first implementation landing in the Berachain ecosystem.

It sounds perfect: Who doesn't want to complete on-chain operations as simply as scanning a QR code with Alipay? The problem is that these "barrier-free tools" also hide the complex on-chain risks. It's like someone going on a spending spree with a credit card - it's not the credit card itself that's problematic, but the fact that they don't understand that overspending needs to be repaid. In DeFi, once you authorize a contract to manage your assets, it might permanently control all the balance in your wallet; for newcomers lacking awareness, casually clicking "authorize all assets" could be the beginning of a "one-click liquidation".

Behind the convenience, huge traps are hidden:

  • Clicking "authorize all assets" is like permanently handing over your bank card and password to a stranger;

  • Behind high-yield promotions, risks like 100% slippage and hidden liquidity pool traps might be lurking;

  • Most users are unaware that certain contract authorizations can give the other party indefinite control over their wallet;

Real case: In 2023, a user lost $180,000 in just 2 minutes after mistakenly clicking a phishing link - the operation was as simple as scanning a payment code, yet brought devastating consequences.

Why are all chains pursuing "fool-proof interactions"?

The reason is simple: On-chain interactions are too complex and extremely unfriendly to newcomers. You need to download a wallet, manage a seed phrase, understand gas fees, learn cross-chain bridges, understand token conversion, comprehend contract risks, click authorizations, complete signatures... Any mistake in these steps could lead to asset loss, and even after completing the operation, you need to pay attention to whether the interaction was successful and whether you need to revoke authorizations and other follow-up operations.
For Web2 users without a technical background, this learning cost is like having to learn a new language just to make a mobile payment. To allow them to seamlessly enter the on-chain world, this "technical mountain" must first be leveled. Thus, interaction tools like Shogun SDK have emerged: condensing on-chain operations that originally required 100 steps into 1 step, reducing user experience from "expert-level operation" to the simplicity of "Alipay QR code scanning".

Otherwise, the convenience of "enabling one-click interaction for everyone" might turn into a disaster of "one-click loss".

Just like people who run online stores know that giving out red packets can attract new customers, but what truly supports the business is the ability to retain repeat customers who are willing to make repeat purchases. The construction of a blockchain is the same: to make users dare to use it, be able to use it, understand how to use it, and continuously generate transactions, that is the real beginning of a public chain's cold start.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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