ZeroLend, a decentralized finance (DeFi) platform, has achieved a significant milestone by launching its SyncSwap Paymaster on the zkSync Era mainnet. This groundbreaking development enhances user experience and convenience by allowing flexible payment of gas fees using various tokens such as $USDC, $USDT, and $HOLD. Let’s delve into the details of this exciting feature.
The Paymaster Feature
The paymaster acts as a virtual wallet that pays for actions on behalf of users. It simplifies the process by eliminating the need for users to maintain ETH in their wallets. Instead, users can choose from different tokens to cover gas fees, making transactions more efficient and user-friendly.
Key Features:
- Token Flexibility: Users can pay gas fees using tokens like $USDC, $USDT, and $HOLD, eliminating the reliance on ETH.
- No ETH Requirement: With the paymaster, users are no longer required to hold ETH in their wallets, streamlining the experience.
- Discounted Gas Fees: To celebrate this milestone, ZeroLend offers an exclusive 50% discount on gas fees for a limited time. Users paying with $HOLD can enjoy an unprecedented 80% discount.
How to Use Paymaster Across Different Protocols
Here’s a practical guide on using the paymaster feature across various protocols:
- SyncSwap:
- Visit SyncSwap and select two tokens for exchange.
- Opt for USDC as the fee token to enjoy low-cost transactions.
- Confirm the swap transaction.
- Orbiter Finance:
- Access Orbiter Finance and connect your wallet.
- Choose either USDT or USDC as the preferred gas fee token.
- Execute the transaction to transfer Ethereum native assets.
- zkSwap Finance:
- Visit zkSwap Finance to engage in swapping activities.
- Convert ETH to ZF (zkSwap’s native token) and activate the “Use ZF for swapping gas” toggle.
- Confirm the swap transaction.
Conclusion
The collaboration between ZeroLend and zkSync demonstrates their commitment to driving mass adoption within the DeFi landscape. With the paymaster feature, ZeroLend empowers users, simplifies gas fee payments, and contributes to the growth of decentralized trading. Experience the future of DeFi with ZeroLend on zkSync Era!
About ZeroLend: ZeroLend operates exclusively on the cutting-edge zkSync Era, providing users with a user-friendly, cost-effective, and secure DeFi experience anchored in Ethereum’s robust security infrastructure.
Sources:
https://medium.com/@nyamcat61/syncswap-paymaster-on-zksync-era-mainnet-fd2005737b43
