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EIP-5792: Why Base Apps and Wallets Need to Upgrade Now to Kill Multi-Step Approvals

EIP-5792: Why Base Apps and Wallets Need to Upgrade Now to Kill Multi-Step Approvals

In the fast-paced world of blockchain and meme tokens, user experience can make or break a project's success. That's why a recent reminder from Lukas (@0xlsr), an engineer at Base, caught our attention. Quoting Base builder Jesse Pollak, Lukas emphasized the need for apps and wallets on the Base network to adopt EIP-5792 ASAP. The goal? To eliminate those annoying multi-step approval processes that slow down everything from token swaps to meme token launches.

If you're new to this, EIP stands for Ethereum Improvement Proposal—a way the Ethereum community suggests and implements upgrades to the network. EIP-5792 specifically introduces a Wallet Call API. This standard allows decentralized applications (dApps) to send a batch of on-chain actions to a user's wallet in one go. Think of it like bundling multiple errands into a single trip instead of making separate outings for each.

The Problem with Multi-Step Approvals

Traditionally, when you interact with a dApp—say, to trade a hot new meme token on Base—you often have to approve each step separately. For example:

  • First, approve the token spend allowance.
  • Then, sign the actual swap transaction.

This not only frustrates users but also increases the risk of errors or abandoned transactions. In the meme token space, where timing is everything (like sniping a launch or exiting before a rug pull), these delays can cost you big.

Jesse Pollak, a key figure in Base's development, put it bluntly: every app on Base needs EIP-5792 to "kill multistep approvals ASAP." Lukas echoes this as a "monthly reminder," highlighting how outdated flows have no place in modern blockchain tech.

How EIP-5792 Fixes It

With EIP-5792, dApps can query a wallet's capabilities and then request a bundle of actions at once. The wallet handles the batch, and the user approves everything in a single signature. This leads to:

  • Faster Transactions: No more waiting between steps—perfect for high-volume meme trading.
  • Better Security: Atomic batches reduce exposure to front-running or other exploits.
  • Improved Adoption: Smoother UX attracts more users to Base's ecosystem, including meme creators and traders.

For meme token enthusiasts, this means easier participation in liquidity pools, airdrops, or community-driven pumps without the hassle. Base, as an Ethereum Layer 2 solution, is already optimized for low fees and speed, and EIP-5792 takes it to the next level.

Who's Leading the Charge?

Base, built by Coinbase, has been pushing for better standards to make on-chain interactions feel as seamless as Web2 apps. Developers like Lukas are actively reminding the community to upgrade, ensuring that wallets and dApps stay competitive. If you're building or using tools on Base, check if your wallet supports this—popular ones like MetaMask are already moving in this direction.

Why This Matters for Meme Tokens

Meme tokens thrive on virality and quick moves. On Base, projects like those inspired by viral trends can benefit hugely from streamlined approvals. Imagine launching a meme coin where backers can add liquidity in one click, or traders can swap without interruptions. This upgrade could boost liquidity and reduce friction, helping meme ecosystems grow.

If you're a dev, head over to the official EIP-5792 docs or implementation guides to get started. For users, pressure your favorite dApps to adopt it—your smoother experience depends on it.

Stay tuned to Meme Insider for more updates on how tech like EIP-5792 is shaping the future of meme tokens and blockchain innovation.

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