LI.FI launches Smart Deposit Addresses, simplifying onchain transactions to a send-receive flow without approvals or signatures.
DeFi & Yields ·
LI.FI has introduced Smart Deposit Addresses, a feature that simplifies onchain transactions by reducing them to a basic send-and-receive flow. The update eliminates the need for token approvals or transaction signatures, lowering friction in the user experience for moving assets across chains or protocols.
The mechanism works by converting what would normally require multiple steps—token approvals, signed transactions, and contract interactions—into a straightforward transfer to a designated address that handles the complexity on the backend. This approach abstracts away the technical overhead typically required for onchain actions, making participation accessible to users less familiar with blockchain mechanics.
The extent to which this feature addresses liquidity fragmentation or user adoption barriers across specific chains remains to be detailed. Adoption metrics and integration timelines with major wallet or bridge infrastructure have not yet been disclosed.