FAQs
1. What are Intents and how do they work?
Intents are pre-set conditions you establish that automatically execute on the blockchain once specific criteria are met. This functionality simplifies complex blockchain transactions, allowing users to focus on their goals rather than the underlying processes.
2. Can anyone use the Intent Builder?
Yes, the Intent Builder is a no-code tool for both newcomers and experienced users in the DeFi space. No prior coding knowledge is required, thanks to its intuitive drag-and-drop interface.
3. Is Intentable free to use?
Creating an account and browsing available Intents is free. Charges apply when using certain advanced Intents or when publishing your own Intents, primarily to cover blockchain transaction fees.
4. What security measures does Intentable implement?
Intentable employs zero-trust protocols that ensure transactions are executed exactly as intended without any alterations, thereby safeguarding user operations on the platform.
5. How can I earn using Intentable?
By either utilizing the Intents on the marketplace or designing and publishing your own Intents on the Intentable Marketplace, you can generate passive income each time another user utilizes your strategy.
6. What types of blockchain activities can I automate using Intents?
Intents can automate a wide array of actions including trades, token swaps, and yield farming, across various supported protocols and blockchains.
7. How do I start creating Intents on Intentable?
Simply sign up on the Intentable platform and use the Intent Builder to start crafting your Intents. The platform provides guides and tutorials to assist you through the process.
8. Are there educational resources available for new users?
Yes, Intentable offers various resources including tutorials, user guides, and community forums to help new users understand and utilize the platform effectively.
9. Can Intents be modified after creation?
Yes, you can modify the conditions or parameters of an Intent as long as it has not been activated or used in a transaction.
10. What is the cost associated with creating and using an Intent?
The cost varies depending on the complexity of the Intent and the blockchain fees at the time of execution.
11. What happens if an Intent fails to execute?
If an Intent fails due to unmet conditions, it will attempt to execute again until the conditions are satisfied or the Intent is canceled.
12. Can I cancel an Intent once it's set up?
Yes, Intents can be canceled provided they have not been triggered or executed.
13. Does Intentable support multiple simultaneous Intents?
Yes, users can set up and run multiple Intents simultaneously, each with its own set of conditions and objectives.
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