Increased user acquisition<\/strong>: Reducing initial steps encourages higher user engagement.<\/li>\n<\/ul>\nCircle\u2019s Implementation of Fee Payers<\/h2>\nProgrammable Wallets<\/h3>\n
Circle\u2019s Programmable Wallets offer flexible in-app wallets for blockchain activities, allowing users to send and receive assets, interact with smart contracts, and mint NFTs without handling private keys.<\/p>\n
These wallets can be user-controlled or developer-controlled, both secured by multi-party computation (MPC) technology to prevent unauthorized access.<\/p>\n
Gas Station<\/h3>\n
Circle\u2019s Gas Station simplifies the process of sponsoring gas fees. Developers can create policies specifying conditions under which transactions are sponsored. Gas Station uses Solana fee payer accounts to sponsor these fees for eligible programmable wallets.<\/p>\n
How Gas Station Supports Fee Payers<\/h2>\n
The process begins with the wallet creating a transaction based on the user’s request and sending it to Gas Station. The transaction is then signed by the fee payer’s wallet via the Key Management System (KMS) and returned to the user’s wallet for final signing. The fully signed transaction is broadcast to the blockchain, and Gas Station updates the transaction history in the Developer Console.<\/p>\n
Guide to Using Fee Payers<\/h2>\nPart 1: Create Developer-Controlled EOA Wallets on Solana<\/h3>\n
Developers need to create externally owned account (EOA) wallets on Solana to sponsor transaction fees. Circle provides a quickstart guide for setting up these wallets on testnet.<\/p>\n
Part 2: Source Testnet USDC from Faucet<\/h3>\n
Once the wallets are set up, developers need to supply them with testnet USDC. Circle automates this step on testnet, but on mainnet, developers can transfer USDC to the wallet and set up a Gas Station policy.<\/p>\n
Part 3: Send a Sponsored Transaction<\/h2>\n
Developers can send transactions that meet policy requirements, covering gas fees automatically if the criteria are met. This allows users to interact with the app without managing SOL themselves.<\/p>\n
Wrapping Up<\/h2>\n
Developers can review their wallet funds and gas station policies, observing how much gas has been charged. This setup simplifies user onboarding and encourages engagement by eliminating transaction fees.<\/p>\n
Benefits of Implementing Fee Payers<\/h3>\n
Onboarding new users<\/strong>: Covers initial transaction fees, easing user onboarding.<\/p>\nIncentivizing beneficial transactions<\/strong>: Sponsors specific actions to boost network growth or user engagement.<\/p>\nIncreasing user retention<\/strong>: Provides a familiar and enjoyable user experience by removing transaction fee barriers.<\/p>\nConclusion<\/h2>\n
Fee payer wallets offer an effective way to sponsor blockchain transaction fees, enhancing user experience and engagement. Circle\u2019s Programmable Wallets and Gas Station feature streamline this process, making it easier for developers to manage fees on behalf of users.<\/p>\n
Image source: Shutterstock<\/i><\/span><\/p>\n <\/p>\n
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Alvin Lang
Aug 10, 2024 05:33
Circle’s new Gas Station feature on Solana eliminates gas fees for users by sponsoring<\/p>\n","protected":false},"author":1,"featured_media":253125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[171],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/253124"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=253124"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/253124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/253125"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=253124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=253124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=253124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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