Transaction fee and cross-chain calls discount
Last updated
Last updated
YAR's target audience is DeFi, DEX, DAO, and Web3 projects that provide service in the B2C and B2B market. $YAR as a coin may be interesting for the mass market following the next 3 cases.
The user can withdraw any assets from any blockchain to any including the native blockchain at any time. All assets are always backed 1-by-1 with circulation amounts.
Token without external liquidity Every time the user makes a cross-chain transaction pays a Transaction Fee in the Domestic Blockchain (), a Transaction Fee in the Target Blockchain and YARchain (), and a YAR's bridge reward that equals 3% from ().
So each time before making the cross-chain transaction of the transferred token, YAR asks the user to pay and , and after token will be sent to the target blockchain. and pay in coins of the domestic blockchain (ETH for Ethereum network, MATIC for Polygon, etc). So the user pays twice.
In the next step, the bridge takes and holds for the next transaction fee-paying and sends a request to YARchain to mint amount as an erc20 token, buy $YAR on the YAR DEX, and burn it.
When the user sends a token with external liquidity, YAR offers to pay and inside the transferred amount. In the next step, the bridge takes and in transferred tokens and sends a request to YARchain to mint and amount as an erc20 token, buy $YAR on the YAR DEX, and burn it. So the user pays once.
Rest assured that the current model guarantees both short and long-term liquidity of $YAR, and effectively mitigates the inflationary burden of new coins received by validators as rewards.
Transferring coins and tokens inside the YARchain is always free for the user. The user pays only .
YAR offers to cut cross-chain transaction fee costs to zero for DAPPs that will be deploying in YARchain.
There are three cases:
When DAPP's balance is more than 1,000 YAR, DAPP can offer the user free cross-chain transaction. In that case, DAPP pays , not the user. It is a convenient way for users because they make only one transaction - sending assets to your service.
Applicable for Blockchain-2-Blockchain transactions
When DAPP's balance is more than 10'000 YAR, DAPP can cut up to 50% of cross-chain costs.
Applicable for Blockchain-2-Blockchain transactions
When DAPP's balance is more than 100'000 YAR, DAPP pays nothing for cross-chain transactions. It is the biggest opportunity for to transactions cut spending for multi-chain DEX, payment services, NFT marketplaces, gaming platforms, arbitrating platforms, etc.
Applicable for Blockchain-2-Blockchain transactions
An increase in DAPPs will boost coins held on YARchain-based smart contracts and demand for the coin.
