Benefits of Paymasters
The implementation of Paymasters significantly improves the user experience by offering various ways to subsidize or customize transaction fee payments. Some examples include:- Protocol Sponsorship: A protocol can sponsor transaction fees for its users, incentivizing adoption and usage of the protocol.
- Transaction Limits: Limits can be set for specific users. For example, the top five users can receive 1,000 free transactions each, encouraging engagement and usage.
- NFT-Based Fee Waivers: An NFT can be created that allows holders to bypass paying transaction fees, adding value to the NFT while providing users with benefits.
- Alternative Gas Payments: Users can pay gas fees with an ERC-20 token other than SOPH, allowing for value accrual and expanding the range of token options for gas payment.