Why Chain Abstracted Payments?

Understanding the difference between building your own multi-chain payment stack with custom components and using Paygrid's chain-abstracted infrastructure is crucial. Here's how Paygrid flips the payment process in favor of operators who do the hard work of facilitating the payment:

Benefit	Paygrid	Custom multi-chain stack
User Experience	Consistent across chains and wallets	Varies by chain and wallet
Chain Abstraction	Seamless cross-chain payments	Requires manual bridging, and manually supporting new networks
Operator Tools	Operator specific tools	None, custom built
Cost Efficiency	Optimized for each payment type	One-size-fits-all approach
MEV Protection	Built-in protection	Exposed to MEV attacks
Programmability	Customizable workflow framework	Custom built
Compliance	Configurable checks or bring your own provider	Custom or provider specific
RPC Infrastructure	Provided and abstracted	Generalized RPCs, with in-house fallback solutions
Time to market	Fast: Use a workflow and test new products faster	Slow: Build, test and maintain custom workflows

How are chain-abstracted payments better?

• Better User Experience:

  • Simplified Process: Connect wallet, choose token, sign intent with no gas fees required.

  • Gas Abstraction: Operators have freedom to choose who will cover the fees and it can be paid by the same payment token or another ERC20.

  • Wallet-Agnostic: Works with existing EOAs and smart contract wallets.

• Pull Payments Model:

  • Infrastructure Handles Complexity: Users aren't burdened with bridging or swapping.

  • Instant Action: Funds are fronted instantly, settled later.

• Intent-Based Transactions:

  • Focus on Outcomes: Specify desired results, not execution paths.

  • Cross-chain by default: Allows for optimal routes and better execution that are generally available only to the most well-funded and sophisticated players.

• Optimal Execution and MEV Protection:

  • Private pool: Protects from negative MEV attacks.

  • Competitive Solving: Leads to better execution and pricing.

  • Payment clearing mechanisms: Reduces costs and increases efficiency.

  • Custom execution paths based on payment needs

• Lower Latency and Failure Rates:

  • Avoids Bridge Delays: Transactions aren't directly interacting with fragile bridges.

  • Dedicated Nodes: Transactions are processed through dedicated Paygrid nodes that do nothing else but your payments for improved reliability.

• Atomic Intent Execution:

  • All-or-Nothing: Either the entire intent is executed, or nothing happens.

  • User Assurance: Prevents partial executions and ensures consistency.

  • Fallback Mechanisms: Execution defaults to standard methods, matching current industry practices.