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HOW IT WORKS
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Our service allows users to easily utilize Gasless transactions for all tokens.
An Efficient Liquidity Locker and Universal Gasless Experience For ERC-20 Tokens
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ABSTRACT
Ethane allows for a simple gasless user experience by outsourcing transactions
involving ERC-20 tokens to an intermediary smart contract that is then called by
a Relayer. The Relayer consumes the gas fee and in exchange for this service,
the user will compensate with the ERC-20 token(s) involved in the transaction.
In addition, Ethane also provides a cost-efficient liquidity locker solution
allowing a user to approve and lock their Uniswap liquidity tokens in one
transaction.
ECONOMICS
In order for the transaction model described in the previous section to be
economically viable, the ERC-20 token involved is required to have liquidity on
Uniswap. When a Relayer sends a transaction to the blockchain, their Ethereum
balance will decrease as a result of paying gas. If they continue to sponsor
transactions, the Relayer will lose all its Ethereum and will fail to continue
to sponsor transactions. In order to prevent such a scenario, a certain number
of the ERC-20 token involved in the transaction will be swapped into Ethereum
using Uniswap v2 Core smart contracts.See more The transaction must yield an
adequate amount of swapped Ethereum to compensate for the gas paid by the
Relayer. This Ethereum is transferred to the Relayer and thus it can continue to
sponsor transactions while maintaining a stable balance. The smart contract will
prevent a user from transferring their tokens if the number of tokens cannot
yield the adequate Ethereum to compensate. In addition to compensating the
Relayer via ERC-20 tokens, a micro 0.2% service fee is accounted for when tokens
are swapped to Ethereum using Uniswap. Half of this 0.2% fee will serve as
dividends for Ethane token owners who have staked through the Ethane
decentralized app. The remaining half of the fee will be transferred to the
Ethane Team.
Ethane's Core Members
OUR TEAM
Timmy
MAIN DEV

Taki
UTILITY DEV

Crypto J
NODE DEV

Jennie
WEBSITE DEV

Anjo
DESIGNER

Cookie
MODERATOR

King Koba
MODERATOR

Bam
MODERATOR








HOW IT WORKS
We utilize the EIP-712 standard which allows for Gasless transactions.
Signature
Users sign a message instead of approving their tokens. This signature is used
by an intermediary relayer which will handle the approval.
A Better Wrapped ETH Standard
We have deployed an updated version of the Wrapped Ether contract which includes
the EIP-712 standard.
Seamless UX
Our seamless User Interface makes it easy for our users to interact with tokens
in a gasless manner.
Copyright © 2023 Ethane. All rights reserved | info@ethane.app