Capsule: The Smart Wallet Solution That Ends Fragmentation in DeFi

Today’s decentralized finance ( #DeFi ) ecosystem, while offering unique opportunities, faces a major problem: fragmentation. Users and liquidity are always fragmented, spread across different blockchains, wallets, and applications. This makes it difficult for new protocols to acquire users and for existing projects to grow and evolve.

So how do we solve this problem? This is where Capsule comes in. Developed on the Spicenet platform, this innovative smart wallet brings together the dispersed nature of DeFi by streamlining the user experience.

What are the problems caused by fragmentation?

If you want to engage with a new chain or application in the DeFi ecosystem, you typically need to complete multiple steps.

For example:
$ETH using assets in an ereum-based wallet$SOL You want to trade with an application on the mainnet. In this case:

  • You transfer your Ethereum assets to the Solana network via a multi-chain bridge.

  • You create a Solana wallet and transfer tokens.

  • You then connect with the app.
    This process chain provides a time-consuming and complex experience.

What is Capsule and What Does It Offer?

Capsule is a smart wallet built on the Spicenet infrastructure. It acts as a bridge between other blockchains and wallets, eliminating the need for users to download a wallet for a new chain. By accepting signatures from different chains, it provides users with the following convenience on a single platform:

  1. Wallet Integration: Users can use Spicenet applications with wallets on different blockchains such as Ethereum, Solana or $SUI .

  2. Paymaster Support for Gas Fees: Thanks to the paymaster mechanism that covers transaction costs, users can complete their transactions without paying any gas fees.

  3. Multisig: Multisig wallets hosted on Spicenet bring together signatories from different chains and allow your team to manage all their assets from a single location.

What Capsule Offers to the User

1. No Gas Fee Problems

Each transaction requires a certain amount of SPICE tokens to be paid. However, with Capsule’s paymaster mechanism, this fee can be covered on behalf of the user and deducted from the transaction value. This allows new users to get acquainted with the blockchain without any additional costs.

2. Session Based Approvals

Providing wallet approval for every transaction made on decentralized exchanges (DEX) slows down the process for users. Capsule makes the experience as easy as a centralized exchange (CEX) by allowing you to approve all transactions within a certain period of time with a single signature.

3. Ephemeral Extensions

Users can interact with blockchain applications more flexibly and securely using different authentication methods such as session keys, FaceID or password.

4. Cross-Chain Compatibility

Capsule currently supports signatures from Ethereum, Solana, and Sui chains, with support for other chains such as Bitcoin and Cosmos to follow in the near future.

Conclusion: The Future That Unites DeFi

Capsule aims to eliminate fragmentation in the DeFi ecosystem. Users can easily access all applications by merging their wallets across different chains, while developers get the chance to bring their projects to a wider audience.