1 00:00:14,230 --> 00:00:19,272 [HOST] Welcome to X1 Report, your trusted source for blockchain news. Today, we delve into the 2 00:00:19,272 --> 00:00:24,314 second litepaper from X1 Labs, titled 'W2 × Intents,' which outlines how the W2 passkey 3 00:00:24,314 --> 00:00:28,545 wallet could enable users to sign outcomes and leave the route to others. 4 00:00:28,795 --> 00:00:35,062 [ANALYST] This document, authored by core developer Leo Belyaev, builds on the first litepaper, 'W2 5 00:00:35,062 --> 00:00:41,189 × x402,' focusing on how intents can be integrated into the W2 wallet for more flexible 6 00:00:41,189 --> 00:00:42,597 payment experiences. 7 00:00:42,847 --> 00:00:47,503 [HOST] An intent, as described in the paper, is a signed outcome rather than a transaction. It 8 00:00:47,503 --> 00:00:52,265 allows users to commit to what must be true at the end, with solvers competing to fulfill 9 00:00:52,265 --> 00:00:52,426 it. 10 00:00:52,676 --> 00:00:57,796 [ANALYST] The paper highlights NEAR Intents as a widely used example, where users state outcomes 11 00:00:57,796 --> 00:01:02,916 like cross-chain swaps, and market makers fill them using a verifier contract on NEAR. 12 00:01:03,166 --> 00:01:08,553 [HOST] Intents and x402 solve different problems. While x402 specifies the exact amount of a 13 00:01:08,553 --> 00:01:13,939 token to be paid, intents separate what the payer holds from what the payee receives. 14 00:01:14,189 --> 00:01:19,674 [ANALYST] W2 already has the hard parts of an intent signer, including intent requirements such as 15 00:01:19,674 --> 00:01:23,725 outcome signing, chain binding, deadlines, and replay protection. 16 00:01:23,975 --> 00:01:29,127 [HOST] The paper outlines three ways to pair intents with x402: buyer-side funding, seller-side 17 00:01:29,127 --> 00:01:33,575 sweep, and intent as payment. Each has its own use case and protocol change. 18 00:01:33,825 --> 00:01:39,328 [ANALYST] For example, the 'intent as payment' pattern involves facilitators and solvers during 19 00:01:39,328 --> 00:01:45,153 settlement, requiring a new x402 scheme for larger, less frequent purchases across assets. 20 00:01:45,403 --> 00:01:51,704 [HOST] W2 would adopt intents in stages. Stage 1 involves acquiring then paying, while Stage 2 21 00:01:51,704 --> 00:01:56,774 introduces an xw2-intent extension and a dedicated x402 intent scheme. 22 00:01:57,024 --> 00:02:02,257 [ANALYST] The third stage is proposed only if deferred solver commitment turns out to be a common 23 00:02:02,257 --> 00:02:07,008 need. At every stage, solver competition, routing, and quotes remain off-chain. 24 00:02:07,258 --> 00:02:11,620 [HOST] Use cases include paying in any asset, bridging cold starts, agent top-ups, merchant 25 00:02:11,620 --> 00:02:16,293 treasury sweeps, cross-chain checkouts, conditional purchases, batched payroll, and price- 26 00:02:16,293 --> 00:02:17,071 limited orders. 27 00:02:17,321 --> 00:02:22,622 [ANALYST] The paper notes that while intents guarantee the on-chain outcome a user signed, they do 28 00:02:22,622 --> 00:02:27,923 not promise atomicity or best prices. They also cannot guarantee delivery or cross-chain 29 00:02:27,923 --> 00:02:28,585 settlement. 30 00:02:28,835 --> 00:02:33,971 [HOST] X1 Labs is currently working on a seven-step roadmap for Stage 1, which includes a solver 31 00:02:33,971 --> 00:02:38,414 adapter and bridge receipts. The first question may decide how far this goes. 32 00:02:38,664 --> 00:02:44,018 [ANALYST] The open questions include which solvers or market makers will quote X1 routes at launch, 33 00:02:44,018 --> 00:02:49,071 who absorbs the fees when a solver starts a fill but fails, and whether the existing 34 00:02:49,071 --> 00:02:51,357 transfer intent can carry swap limits. 35 00:02:51,607 --> 00:02:57,362 [HOST] For more on the payment layer underlying all of this, read our article on 'W2 × x402: 36 00:02:57,362 --> 00:03:00,205 passkey payments and agent budgets on X1.' 37 00:03:00,455 --> 00:03:05,169 [ANALYST] That's all for today. Stay tuned to X1 Report for the latest in blockchain news.