Transaction Fee Sponsorship
Last updated
Was this helpful?
Last updated
Was this helpful?
Transaction Fee Sponsorship is a feature in sBTC that allows users to pay for Stacks transaction fees using sBTC instead of STX.
sBTC transactions on Stacks can be sponsored in return for some sBTC.
This feature improves user experience by allowing sBTC holders to use their tokens for gas fees.
The fee sponsorship system is implemented using the approach suggested in .
Key points:
sBTC users can get support from existing STX holders for transaction fees.
The sponsor pays the STX fee and receives sBTC in return.
From a user's perspective:
When initiating an sBTC transaction, they can opt for fee sponsorship.
The user agrees to pay a small amount of sBTC for the sponsorship.
The transaction is then processed with the fees paid in STX by the sponsor.
Improved UX: Users don't need to hold STX to use sBTC.
Lower Barrier to Entry: New users can start using sBTC without first acquiring STX.
Flexibility: Provides an additional option for handling transaction fees.