The problem Peanut Finance solves

For many, entering the exciting world of cryptocurrency can feel overwhelming. Complex concepts like blockchain wallets, private keys, bridge protocols, and gas fees create a significant barrier to entry. This discourages potential users from exploring the potential benefits crypto offers.

Here are some key challenges faced by newcomers:

Wallet Setup and Security: Setting up a crypto wallet and managing private keys can be intimidating for non-technical users, raising concerns about security and potential loss.
Cross-Chain Transactions: Transferring crypto assets between different blockchains often involves complex bridge protocols and high transaction fees, further hindering user experience.
Fiat On/Off Ramp: Converting between cryptocurrencies and traditional fiat currencies can be a cumbersome process, limiting users who are not fully immersed in the crypto ecosystem.
These complexities create a significant gap between potential users and the potential benefits of cryptocurrencies.

Challenges I ran into

Seamless 1-click cross-chain swaps using secure smart contracts.

Traditionally, safe smart accounts, known for their security benefits, can be limiting when it comes to gas fees for cross-chain transactions. This creates a hurdle for a user-friendly experience, as manually managing gas fees across different chains would be cumbersome.

To overcome this limitation, I developed a script that automates the gas fee management process for 1-click cross-chain swaps. Here's how it works:

Source Chain Gas Fee Management: When a user initiates a swap, the script automatically retrieves the necessary gas fee for the transaction on the source chain (the chain where the user initiates the swap).

Gas Fee Transmission: The script then transmits this gas fee along with the swap message to the destination chain using Axelar. Axelar is a powerful interoperability network that facilitates seamless communication between different blockchains (https://www.axelar.network/).

Automatic Execution on Destination Chain: Upon receiving the message and gas fee, the destination chain executes the swap transaction via Axelar. This ensures a smooth and user-friendly experience for the user, eliminating the need to manually manage gas fees across different chains.