"Eliminating Ethereum fees"…ETHGas unveils 'Open Gas' roadmap

Bloomingbit Newsroom

Summary

  • "The 'Open Gas Initiative' is a roadmap ETHGas announced to reduce the burden of gas fees on the Ethereum network."
  • Protocols participating in Open Gas subsidize users' gas fees on a monthly rebate basis, aiming to increase total value locked (TVL) and expand a long-term user base.
  • ETHGas plans to continue expanding Open Gas services and infrastructure partners, and said it will seek integration with other blockchains such as Base and Binance Coin in the future.
Photo=ETHGas(ETHGas)
Photo=ETHGas(ETHGas)

ETHGas, an Ethereum (ETH) infrastructure project, on the 3rd (local time) unveiled the roadmap for the 'Open Gas Initiative' to eliminate gas fees on the Ethereum network.

Open Gas is a program developed by ETHGas to reduce the gas fee burden on Ethereum users. Specifically, protocols participating in the program subsidize users' gas fees on a monthly rebate basis. According to Open Gas, protocols can promote deposits and staking through gas fee subsidies and increase total value locked (TVL) to establish a long-term user base.

The Open Gas roadmap consists of three phases: curation, programmatic, and full automation. In the first phase, participating protocols estimate each user's gas usage through a dashboard and then provide gas subsidies to users. In the second phase, a rebate system tailored to each user's behavior patterns is designed to maximize revenue and retention and to obtain insights from the data. The third phase is 'gas abstraction,' which fully automates this flow to a level where gas fees are not felt by users.

ETHGas emphasized, "Since more than $30.3 billion in gas fees have been consumed to date, the need for a gas-free user experience (UX) is increasingly growing." ETHGas explained, "Open Gas is an expanded project aimed at removing gas fees from the (Ethereum) user experience," and "it is designed to bridge the gap between protocols pursuing sustainable growth and users who want an easy on-chain experience."

ETHGas plans to steadily expand the scope of Open Gas services. Currently, Open Gas is operating for Ethereum mainnet users. Open Gas said, "We plan to expand services soon to other Layer-2s and EVM blockchains such as Base (BASE), Binance Coin (BNB), and Arbitrum (ARB)," and "we will continuously launch features that can increase user participation experiences."

Open Gas partners were also revealed. According to ETHGas, four companies—EigenLayer (EIGEN), ETHFi (ETHFI), Pendle (PENDLE), and Velvet Capital—recently adopted Open Gas. ETHGas has also secured infrastructure partners such as GasHawk and BlockNative. An ETHGas official said, "Open Gas is not a simple tool but a partnership ecosystem," and "we will seek integrations with Base, Binance Coin, and others in the future."

Bloomingbit Newsroom

Bloomingbit Newsroom

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