Research: Gaslessness support

[mz7mz7mz7]

Research the best course of action for us to be able to mint/burn/trade our RiskON and RiskOFF tokens in a gasless way, which means both:

1. We can opt for the solution where people still need to pay for their transactions just not in ETH, but in some other token, like USDC or maybe even in RiskON/OFF directly.
2. If we choose so, we will pay for the transactions for our users.

[jiokeokwuosa]

This platform handles both use cases -->https://biconomy.gitbook.io/sdk/introduction/overview

[jiokeokwuosa]

https://docs.opengsn.org/ --> This equally handles both cases

[jiokeokwuosa]

I tried to implement a proof of concept(POC) with opengsn but it seems they are currently having an issue. The test samples they have in their repo seems not to be working properly, Someone has raised the issue on their github, i equally opened another ticket there -->https://github.com/opengsn/ctf-react/issues

[jiokeokwuosa]

I will try to research and implement with another platform

[jiokeokwuosa]

Link to POC -->https://github.com/RiskProtocol/poc-gasless

[mz7mz7mz7]

Let's complete also another PoC with https://opengsn.org @jiokeokwuosa

[jiokeokwuosa]

ok

[jiokeokwuosa]

@mz7mz7mz7 Done -->https://github.com/RiskProtocol/poc-gasless/pull/1

[jiokeokwuosa]

OpenGSN works with relay servers

• The client signs & sends meta transaction to relay server
• The Relay servers submits the transaction and pays Ethereum protocol gas fees for doing so, Upon receiving the request to relay a transaction from the client, the Relay server will validate this transaction to make sure it pays back the amount of ETH that covers the expenses of submitting it and some extra fee to allow the relayer to turn a profit.
• Paymaster holds the bulk fund and will refund relay server for gas fees
• A paymaster maintains an ETH balance in the RelayHub
• We can run our own relay server -->https://docs.opengsn.org/relay-server/tutorial.html
• Relay servers transaction fee is defined by the network.

[jiokeokwuosa]

• The transaction fees are determined by the relayers but affected by factors like network congestion, the size of the transaction, and the level of competition among users to have their transactions included in the next block.
• The fee charged can vary depending on the network and the level of competition among relayers.