[Q6] - Gasly 🏅

A plug-in that will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3.

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Challenges

Instant User Onboarding with Magic Wallet SDK

Pool 5,000 USDC

The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

Polygon DeFi UX Challenge

Pool 1,000 ETH

We will make De-fi 100x more feasible because no user will be able to go through the hassle of gas because of our product below. The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

Best Use of Polygon

Ranked 10,000 ETH

Our gasless product mentioned below was only possible on polygon to begin with due to the EIP standards allowed by polygon. The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

OpenZeppelin Defender Integration

Ranked 10,000 USDC

We are using openzepplin relayer for the below gasless transaction product. The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

Web3Wallet UX Challenge

Ranked 5,000 USDC

The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

Tenderly Simulation API Integration

Pool 6,000 USDC

We used the API to show the final swap amount received by the user. After sending a transaction on chain we increment the nonce in the frontend. However, if the transaction ends up failing the nonce doesn't increment in the smart contract. This causes the transaction fail. Hence, we simulate the transaction using the tenderly API before sending it on chain to reduce the failures in transactions The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

Most Useful Web3 Tool

Ranked 2,500 ETH

We will make web3 access 100x more feasible because no user will be able to go through the hassle of gas because of our product below. The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

#BUIDLathon 2023 DeFi Track

Pool 15,000 MATIC

The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in defi. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

Open bounty for the most-innovative use of CoW Swap and/or CoW Protocol

Pool 5,000 ETH

We can integrate our extension with cowswap and then cowswap can drive massive adoption due to being gasless. The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

Build with Web3Auth

Pool 6,000 USDC

Web3auth will be able to offer gasless transactions to a lot of it's user thereby abstracting the concept of gas. The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

Build Web3 Businesses at Scale

Ranked 4,000 ETH

Everyone in defi and web3 can use our product because we will eliminate the concept of gas for the end user in web3. The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3. Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.) Problems associated with gas fees: 1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task. 2. Onboarding to new chains is cumbersome 3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas 4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities. 5. Bridges are insecure and untrusted. 6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing 7. Real-time manual currency conversion to know your gas fees 8. Bot trading is inefficient due to the constant gas refilling requirement

Project details

The first plug-in we launch will enable users to pay gas fees in any token. This will be the most significant breakthrough in UX heavy lifting in web3.

Executing any on-chain txn requires users to pay a small fee to the network's validators to execute their txns. And these fees are required to be paid in the native token of the chain (like ETH for Ethereum, Matic token for Polygon, etc.)

Problems associated with gas fees:

1. First and foremost, everyone must keep refueling their gas balance (like our vehicles!) across all wallets and chains. This is an unnecessary repetitive task.

2. Onboarding to new chains is cumbersome

3. Bounty winners or crypto earners can’t swap/send their earned tokens without gas

4. Users often run out of gas fees for use cases requiring high gas fees like NFT minting. As a result, they miss out on the right trading opportunities.

5. Bridges are insecure and untrusted.

6. Ending with up small-small balances of native tokens in every wallet and chain that users can’t even use and hence end up losing

7. Real-time manual currency conversion to know your gas fees

8. Bot trading is inefficient due to the constant gas refilling requirement