KROMATIK SOLUTIONS HOW TO

Any credit fund vehicle(s) or credit fund related activities referenced on this site are separately managed private fund(s) managed by CircleUp Credit Fund Advisors, LLC, a wholly owned subsidiary of CircleUp Network Inc. Any fund vehicles or venture fund related activities referenced on this site are separately managed private venture capital funds managed by CircleUp Advisors, LLC, a wholly owned subsidiary of CircleUp Network Inc. All securities-related activity referenced on this site as 'marketplace” activities were conducted through Fundme Securities LLC, a wholly owned subsidiary of CircleUp Network Inc. By accessing this site and any pages thereof, you agree to be bound by its Terms of Use, Privacy Policy, Communications Consent and you acknowledge the Regulatory Disclaimer. Important Disclosure: is a website operated by CircleUp Network Inc. User cancels some of their pending limit trades ( no ETH gas fees being paid ).īy enabling gasless mode, users can deposit KROM tokens in the Kromatika protocol at least once and use the Kromatika protocol for limit trading all the time, without having to pay a single ETH gas fee anymore.Copyright ©2022 CircleUp Network Inc. What Kromatik Solutions offers: Flexible working time Vacation Days and Public Holidays Excellent compensation with competitive salary Company trainings and workshops Apply Now.Some of the limit trades are filled, user gets the amounts from the trade directly in their wallet (no ETH gas fees being paid), this is an automatik step, done by the Chainlink keepers.User starts creating limit trades on Kromatika (no ETH gas fees being paid).User deposits KROM balance in Kromatika protocol ( this is a blockchain transaction, need to pay gas fees at least once).Lets see how the user interaction with Kromatika is, when gasless mode is enabled: By default, the mode is disabled and ETH gas fees are being paid. Note, this feature is experimental, optional and every user can decide to enable gasless mode individually.

Kromatika protocol gives the opportunity to its users to use KROM for compensating the Relayers. Kromatika Relayers are publishing the transactions on the blockchain on user’s behalf, thus covering the ETH gas fees.īut how Kromatika Relayers are getting compensated for their service. Kromatika Relayers are small micro-services, running on the bullet proof OpenZeppelin technology, accepting requests from Kromatika users and submitting their transactions onto the Ethereum blockchain network to be confirmed by the miners. That someone needs to be compensated for its effort of relaying the transaction and covering the gas fees. It sounds simple, but it was tricky to explain and implement. The solution sounds simple: We relay the gas fees to someone who is willing to pay them. This gas price varies a lot especially on Ethereum mainnet and sometimes can be as high as 300–400 gwei, resulting into 200–300$ spent just on ETH gas fees. Usually, when users are submitting limit trades on Kromatika, they need to pay gas fees that depend on the gas price.

KROMATIK SOLUTIONS HOW TO

We went even deeper into trying to find solutions on how to avoid Kromatika limit traders to pay gas fees. While our smart contracts have been optimized for lower gas cost, still it was not enough. Kromatika also tried to optimize its DAPP and provide as low gas fees for its users as possible.

However, Ethereum chain still remains one of the biggest, if not the biggest chain with huge trading DEX volume, forcing the projects to look for alternatives how to optimize their DAPPs and save on gas fees as much as possible. As part of our total music solution, we supply your music to hundreds of outlets around the world through our physical and digital distribution network, help you manage your rights and exploit other revenue streams from publishing to sound recordings, and use our expertise and relationships to promote your. This has forced some of the project and especially users to seek alternatives to other networks where the gas fees are much cheaper.Įven Kromatika joined the effort to deploy its protocol on 3 alternative chains (Arbitrum, Optimism, Polygon) beside Ethereum mainnet to allow its users a cheaper alternative. Lately, the Ethereum network has saw increase on the network gas fees, making it barely usable for low profile users.

Kromatik solutions