In a recent development, Starknet, Ethereum’s layer 2 scaling solution that uses zero-knowledge rollups, announced a breakthrough feature from AVNU, the original DEX aggregator. AVNU’s recently launched Paymaster feature aims to transform the way users interact with gas rates on Starknet, potentially making gas fees a thing of the past.
AVNU’s Paymaster, currently in beta, introduces a new approach to paying gas fees on Starknet. While users could traditionally only pay gas fees using Ethereum (ETH) or Starknet’s native token (STRK), the Paymaster now allows payments in stablecoins USDC and USDT. This feature is not just an addition, but a transformative step towards completely abstracting gas rates.
Flexibility, efficiency and the future of gasless transactions
The introduction of Paymaster has significant implications for the Starknet ecosystem and the broader Ethereum community. Firstly, users can now pay gas fees using the assets of their choice, with plans to integrate more tokens in the future. This flexibility simplifies transactions and gives users greater control over their assets.
Second, as AVNU’s Paymaster infrastructure matures, the goal is to achieve complete abstraction of gas rates. This means that users are not even aware that they are paying fees, streamlining the transaction process and improving the user experience. Third, with Starknet’s low gas rates and AVNU’s Paymaster infrastructure, there is potential for decentralized applications (dApps) to cover users’ gas rates. This could revolutionize the dApp ecosystem, making transactions more accessible and affordable for users.
Starknet has worked hard over the past three years to develop a robust ecosystem that provides a user experience comparable to that of Web2 platforms. The launch of AVNU’s Paymaster is a testament to Starknet’s vision and commitment to innovation. AVNU’s Paymaster aligns perfectly with Starknet’s long-term goals and paves the way for more exciting features and improvements in the future. Starknet expressed its commitment to supporting dApps in the ecosystem, encouraging them to use the Paymaster infrastructure and provide their users with a throttle-free experience.
AVNU took to X (formerly Twitter) to share the news, saying: “Introducing the Starknet Paymaster by AVNU. Say goodbye to gas problems and hello to seamless transactions. Pay your gas costs in USDC and USDT, and more tokens are coming soon. Gasless transactions? Yes please!”
The company this year reaffirmed its commitment to open-sourcing the entire Paymaster infrastructure stack, allowing dApps to deliver a throttle-free experience to their users. AVNU has already received significant interest from multiple dApps eager to integrate Paymaster, promising a future where gasless and/or gas-free transactions become the norm.
Overall, the launch of AVNU’s Paymaster on Starknet marks an important milestone in the evolution of Ethereum’s layer 2 solutions. By reimagining the way gas rates are handled, Starknet and AVNU are paving the way for a more efficient, user-friendly and accessible decentralized ecosystem. As Starknet aptly puts it: “This is just the beginning, except moar.” Starknet continues to innovate and redefine the boundaries of what is possible in decentralized finance.
