PrepaidGas is a decentralized protocol that enables users to purchase Ethereum gas in advance through a permissionless futures market, allowing for cost predictability and management of gas expenses. This system facilitates the transfer of prepaid gas between users and supports Layer 2 solutions, addressing the volatility of gas prices in Ethereum transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Ethereum transaction costs are volatile and unpredictable, making it difficult for users and Layer 2 solutions to budget and manage gas expenses effectively. This uncertainty can hinder adoption and create barriers to entry for applications requiring frequent on-chain interactions.
Solution
PrepaidGas is a decentralized protocol that enables users to purchase Ethereum gas in advance through a permissionless futures market, allowing for cost predictability. The protocol functions as a gas futures marketplace where users can create orders specifying the amount of gas they want to purchase, setting a timeframe, proposing a price, and specifying a security deposit. Other users can then review and fulfill these orders. Once gas is purchased, users can manage their orders, transfer gas to others, or utilize it themselves. The protocol also supports transaction request executions within a specified timeframe, enhancing its utility for various on-chain operations.
Target Audience
The primary target audience includes Ethereum users, Layer 2 solutions, and decentralized application (dApp) developers seeking to manage and stabilize gas costs for their transactions.
Features
- Permissionless gas futures market for buying and selling gas in advance
- Order management system for tracking gas purchases and usage
- Gas transfer functionality to enable sharing of prepaid gas
- Support for meta-transactions (ERC-2771)
- Account Abstraction (EIP-4337) support
- Multichain solution enabling gas trading across different Layer 2 solutions
- Supplementary dev tools, web3.js ethers.js extensions