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pAAymaster

Paymaster steps in to handle transaction fees of transactions larger than 0.5 ETH, promoting both user engagement and facilitating larger transactions.

pAAymaster

Created At

ETHGlobal Istanbul

Project Description

pAAymaster

Empowering Web3 Payments

pAAymaster, a solution in the world of Web3 payments. pAAymaster steps in to handle transaction fees of transactions larger than 0.5 ETH, promoting both user engagement and facilitating larger transactions.

Key Features

Incentivizing Transactions:pAAymaster encourages users to engage in more significant transactions by covering additional fees, fostering a user-friendly experience.

  • Encourage users to elevate their experience by covering additional fees for transactions beyond a set threshold. Gas Fee Coverage:For transactions exceeding 0.5 ETH, Paymaster steps in to handle gas fees, ensuring a smooth and cost-effective process.

Benefits

User Motivation:Encourages users to participate in more substantial transactions by offering fee coverage, creating a win-win situation for both users and businesses.

Gas Fee Relief:Provides relief to users involved in larger transactions by taking care of the gas fees, promoting a smoother and more accessible transaction process.

  • By actively participating in gas fee coverage and incentivizing larger transactions, Paymaster contributes to the growth of the decentralized finance (DeFi) ecosystem. This not only benefits individual users but also enhances the Total Value Locked (TVL) of the decentralized exchange (DEX) it operates with, contributing to the overall progress of DeFi.

pAAymaster is not just a payment solution; it's a catalyst for advancing Web3 transactions. pAAymaster is poised to make a significant impact on the world of decentralized finance.

How it's Made

This projects utilizes Zksync's paymaster contracts and interfaces to make detection and decision of gas coverage. It checks wheter the transaction require the selected amount, if it goes to the DEX and what kind of transaction it is. If the transaction is a deposit on the target DEX with an amount higher than the threshold, the paymaster contract pays the gass fee of the transaction.

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