High Gas Fee on ETH network? No problem!
Joking! Storing gas used on ETH mainnet is not possible. The smartest brains in the Ethereum Dev community are working on solutions to bring the gas fee down to tolerable levels for everyone, with Layer 2 solutions, to more intense scaling solutions like ZK Rollups and Plasma Implementations. More about those later!
DAOventures aims to simplify DeFi Investments for everyone, and become the №1 platform for everyone willing to try investing in DeFi Protocols, but fear that gas fees might take away a huge bite away from their Sushi🍣 (Pun intended).
To make these Flagship investment strategies such as DAO Citadel more accessible to everyone, DAOventures introduces Daily Happy Hours!
Just your neighbourhood brewery might offer free beer during their scheduled ‘Happy Hours’, we offer #freegas! Yes, you heard it right! FREE GAS!
During these Daily Happy Hours, users would be able to enjoy gas-less deposits into our Flagship Citadel Vault.
These Happy hours will be scheduled at 9–10am UTC everyday. Users will be able to deposit their funds without any gas, they just need to sign the transaction and we take care of the rest. How cool is that?!!
How does it work?
DAOventures has partnered with the Biconomy team, who help us optimise gas cost and enable something called Meta Transactions on our contracts. Biconomy acts as the relayer for our transactions during happy hours. A relayer is just a general term for a 3rd party that relays some information from one party to another. In the context of blockchain, a relayer submits a user’s transaction to the Ethereum network on their behalf and pays the associated gas fee.
Event Name : Happy Hours
Frequency : Daily
Scheduled time : 9–10am UTC
Key Benefits : GasLess Deposits + Approvals, which usually cost around USD 20–100 outside Happy Hours.
*All details are subject to change based to community demand.
DAOventures is a DeFi robo-advisor and cross-chain asset management platform. Imagine “Robinhood for DeFi”. It is our mission to make DeFi simpler, accessible & inclusive. We believe in creating a simpler, more accessible, and more open world that is permissionless, inclusive, and guided by our DNA of continuous learning, integrity, and transparency.
Biconomy is the multi-chain transaction infrastructure for the next-generation Web 3.0 applications. Through Biconomy’s powerful and easy to use APIs, developers can enable a simple and customized user journey so that their end users don’t get frustrated by blockchain complexities. By solving key pain points at the crypto transactional layer, Biconomy is on a mission to bring the familiarity of web 2.0 to simplify Web 3.0 experiences that will drive mass adoption.