Use Cases

A user can create a stop loss for his ETH, without the need to lock his funds, or even without the need to extract them from staking. A user can define that if ETH goes below $1,000, he will go to the relevant DEX, claim the reward, extract the LP, convert it to ETH and then swap it to USDC on another DEX.

A user can create a limit order for a specific NFT (even if he doesn’t hold ETH). If this NFT reaches a specific price, the user can swap his USDC for ETH on a DEX, then go to OpenSea and buy the NFT.

All this in one atomic transaction and in a fully automated and decentralized way.

A compelling use case for conditional transactions is the possibility to link a transaction to the creation or ownership of an NFT. For example, Harvard University decides to mint diplomas on an NFT. A parent would have the possibility to bequeath funds to their child once the NFT is minted or sent to the liquid vault. The transaction can be set up as the student begins their studies or when a trust fund is opened. Once the studies are completed and the diploma NFT is received, the funds will be sent to the assigned wallet. There is no need for any 3rd party or the parents to be alive, as once the NFT is received or created, the transaction will be executed.

Use cases are only limited by the imagination of developers and builders.