Gasless Trade
Last updated
Last updated
Oracler implement gas abstraction to simplify the user experience when trading on the platform. This feature applies to users trading with tokens other than SOL.
Gas abstraction is now available for Market Order trade
Behind any gasless trade, Oracler uses an intermediary wallet pre-funded with SOL to pay for the required blockchain fees. When a user initiates a transaction, the system calculates the total expected gas cost. This includes the network fee, any priority fees, and fees for creating Associated Token Accounts (ATA) if applicable.
Once the total SOL fee is determined, the system automatically converts it into the equivalent value of the user’s input token. This small amount is then deducted directly from the input token balance before the transaction is executed.
Example
Initiate Token Trade: 100 USDC → ORACLER
Estimate SOL fee: 0.0005 SOL
The platform estimates the required gas fee in SOL.
Convert SOL fee to input token: .0005 SOL → ~0.005 USDC
The equivalent amount of USDC (e.g., 0.005) is deducted and sent to the intermediary wallet.
Finalize Trade: 99.995 USDC → ORACLER
The intermediary wallet pays the SOL fee and initiates the transaction on behalf of the user. The user receives the ORACLER tokens.
Gas abstraction can be toggled on or off as needed for each trade within Market Order mode. Choose the option that best suits your trading preferences for a smoother experience.