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Cryptocurrency News Articles
Starknet Unveils Plan to Eradicate Gas Fees, STRK Token Surges
Jul 23, 2024 at 08:10 pm
The Starknet team outlined a detailed plan to eliminate gas fees in an X post, and the STRK token soared on the news.
Starknet is set to integrate Paymaster, a crucial component of the AVNU decentralized exchange protocol. This integration will enable users of Starknet dApps to pay gas fees in a variety of stablecoins and other tokens.
Currently, gas fees on Starknet can only be paid in the native STRK token or ether. However, with Paymaster, users will be able to choose from a wider range of tokens, including USDC, USDT, EKUBO, ZEND, LORDS, SWAY, and NSTR. More tokens will be added in the future.
This integration is designed to simplify gas fee payments for Starknet users, making it easier and more convenient to use dApps on the network.
Starknet also plans to build a protocol-level Paymaster on Starknet, but the timeline for this integration has not yet been determined.
Once integrated, Paymaster will combine with Starknet's symbolic gas fees to effectively eliminate gas fees for dApp use. Instead, gas fees will be subsidized by the dApp projects for their users.
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