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Over the next few weeks @StarknetFndn is rolling out Starknet DeFi Spring Conference featuring ecosystem OGs! First episode ๐ ๐๏ธ Thursday 25th, 5pm UTC ๐ฅ https://t.co/NqYv27N3n1 Learn about the yield opportunities available with DeFi Spring 2.0 from our very own @thedamooo & @dylankugler ๐ฅ Stay tuned for info about upcoming episodes!
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Join us for an exclusive builder/founder dinner this Sunday in Bangalore! ๐ฅ ๐๏ธ Date: 28th July 2024 โฒ๏ธ Time: 8 PM IST ๐ฎ๐ณ Location: Bengaluru Don't miss this unique opportunity to connect and collaborate with some of India's brightest mind! ๐ https://lu.ma/y0od5jie ๐
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Gas fees are one of crypto's main problems in its quest to offer a web2-like user experience. Well, on Starknet, we are on track to build an ecosystem where gas fees will eventually become fully abstract ๐ค In three steps ๐ Step 1: โ Extremely Low Gas Fees Gas fees are already been destroyed on Starknet, with the current average transaction cost being just $0.004 ๐คฏ And this is just the beginning: numerous optimizations are underway to continue reducing them over time (who said Voliton and Stwo? โก) Step2: โ Choice of token for gas fees payment It is highly inconvenient to always have to pay gas fees with a single token. Starknet is currently the only ecosystem where you can pay your gas fees across the whole network with two tokens: STRK and ETH. Moreover, @avnu_fi has recently launched its Paymaster infrastructure, allowing: ๐บ Users of its dApp to pay gas fees in USDC, USDT, LORDS, SWAY, EKUBO, ZEND and NSTR, with more tokens to come over time. ๐บ Starknet ecosystem dApps to integrate AVNUโs Paymaster into their apps to simplify gas fee payments for their users. We also plan to buidl a protocol-level Paymaster on Starknet, with a timeline still TBD (depending on community demand for this feature, so let us know if you really want it asap! ๐). Step 3: โณ Gas Fees? WTF is that? Combining Paymaster with Starknet's ultra-low gas fees brings us closer to a world where users won't have to pay gas fees to use dApps: projects will subsidize gas fees directly for users, similar to how web2 giants typically don't charge users for their infrastructure costs. We aren't joking when we say we want to combine the benefits of web3 with the UX of web2! This world is gradually becoming a reality ๐๏ธ
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Starknet v0.13.2 is coming very very soon, with parallel execution, and much faster confirmation and block times. The main result for users? L2 finality extremely fast (Transaction Time~2 seconds) โก๏ธ ๐ฏ Testnet: August 5 ๐ฏ Mainnet: August 26
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You know the drill: new week, new ecosystem recap ๐บ Time to debrief on the major advancements of the week from StarkWare and the Starknet ecosystem! ๐งต๐
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