At Arcana Network, we are dedicated to making web3 effortless for everyone, aiming towards mass adoption. This is why we're excited to announce our strategic partnership with Aeroscraper, a governance-free, interest-free, decentralized lending-borrowing protocol.

Aeroscraper is a user-centric decentralized lending-borrowing protocol that offers interest-free, over-collateralized stablecoins and DeFi loans. Designed to be fully automated and governance-free, Aeroscraper allows users to deposit collateral and obtain loans in stablecoins pegged to US dollars. Instead of charging variable interest rates, Aeroscraper operates on a 0% interest model, charging users a one-time fee for taking out loans.

Official Links: Website | Twitter | Discord | Medium

How Arcana and Aeroscraper will collaborate

As part of our commitment to enhancing user experience and fostering interoperability, we will soon expand our support to include the Cosmos blockchain, making Arcana Auth a Cosmos SDK-compatible wallet. Aeroscraper, built for CosmWasm-supported chains such as SEI, Injective, XION, and Archway, will integrate Arcana's Auth SDK to simplify the user onboarding process. With Auth SDK, Aeroscraper will offer its users seamless social logins and passwordless authentication, eliminating the need for users to navigate complex registration procedures.

Users can effortlessly sign up using their email or Twitter account and gain access in under 2 seconds to a secure non-custodial wallet, prioritizing both security and accessibility. Arcana makes the onboarding experience hassle-free, without passwords, seed phrases, or installations required.

Quote from Aeroscraper and Arcana

“We are excited to partner with Arcana Network, leveraging their cutting-edge Auth SDK to revolutionize how users interact with our platform. This collaboration will not only streamline our onboarding process but also enhance our user’s experience by providing quick, secure access to our decentralized lending services. Together, we're setting new standards in the ease of use and accessibility within the Web3 space, making financial tools available to everyone without the traditional complexities.”“We are thrilled to partner with Aeroscraper to seamlessly integrate Arcana's Auth SDK, simplifying the onboarding process and enhancing accessibility for their users. This partnership marks an important milestone as we finalize our support for the Cosmos blockchain, providing projects built on the CosmWasm chain with the fastest decentralized social login through Arcana Auth,” says Aravindh, co-founder of Arcana Network.

About Arcana Network‍

Arcana Network is building a modular L1 to power chain abstractions and intents, helping developers significantly improve user experience in Web3. Since 2021, we've introduced three groundbreaking products.

First up is Auth SDK, a decentralized social login to generate non-custodial Wallets. It is the fastest social login in web3, with a sub-3-second login time, and is free of cost. Games and consumer apps widely use auth SDK to simplify web3 user onboarding. Get a secure, in-app wallet, instantly, with no passwords or installations needed. 

Next, Arcana Gasless is based on ERC-4337 Account Abstraction and enables developers to sponsor gas fees for users. 

Our third product, SendIt, is a consumer app that redefines crypto payments by allowing users to send crypto to an email address, making transactions effortless and inclusive. SendIt has partnered with BNB and OKX.

Arcana has raised $4.5M from 40+ leading investors including Balaji S, Founders of Polygon, John Lilic, Santiago Roel, and funds like Woodstock, Republic, Fenbushi, Polygon ventures, DCG, and others.

Official Links:  Website | Telegram | Twitter | GitHub | Discord