🪄Gasless Deposits
Last updated
Last updated
You can see the original announcement on medium here.
We’ve created signature-based deposits & withdrawals.
Instead of paying an additional fee in ETH to deposit, Babylon will take the necessary fee from the asset you are depositing. And sometimes there will be no fee to deposit at all because it will be subsidized by the garden.
So, you don’t need ETH to deposit DAI, WETH, or any other asset. And you can decide in Metamask the maximum amount you’re willing to pay, denominated in the asset that is being deposited.
Here’s a video showing you how to make a signature-based deposit:
On top of it, the treasury of the protocol and the gardens are subsidizing the deposit cost for new members in specific gardens.
Your deposit can be even free when the gas price is below 125 gwei.