Plasma is one of the ecosystem that’s built with day-one liquidity for sustainability growth.
Earlier this year #Plasma became the second largest on-chain lending market in the world.
Here’s what Plasma stablecoin-native contracts delivers to users.
@Plasma maintains a set of protocol-governed contracts which are tailored for stablecoins applications.
These contracts are tightly scoped, security-audited and it’s designed to work directly with user smart account wallets.
This concept is managed by plasma foundation which evolves alongside their protocol.
The most realistic part is; over time, they are intended to integrate deeper into the execution environment, with the support of prioritizing transactions inclusions, native runtime enforcement and high protocol level incentives.
These specific contracts are usable out of the box and composable with account applications standard protocol such as EIP-4337 and EIP-7720.
THE THREE COMPONENTS OF PLASMA AND ITS BENEFITS.
1. Plasma zero fee for USDT transfers:
Plasma included a dedicated paymaster contract that supports gas for all USDT transfers. This contract is restricted to transfer and transfer from calls on the USDT token. It doesn’t support arbitrary call-data but ensures a predictable behavior and reduces attacks vectors.
Plasma also used this technique to verify all sponsorships which will be determined by using lightweight identifying verification, such as (zkEmail) and enforced rate limits. Once it’s approved, gas is sponsored from pre-funded $XPL allowance which is managed by the plasma foundation.
This aspect also allows developers to offer seamless, fee free transfers to end while also maintaining strict cost control and blocking spams.
2. Plasma custom gas token.
Plasma offers users a protocol-maintained ERC-20 payment that allows approved tokens to be used for gas payments instead of XPL.
Moreover projects can register their own stablecoins or any ecosystem tokens to support their gas abstraction to their applications.
The difference between general-purpose paymasters and plasma paymasters is that; the general-paymasters delivers a complexity or a charge fees and plasma’s paymasters is scoped, audited and delivers fee-free.
This plasma logic is maintained by their protocol, which makes it safer for all production cases.
This particular model also lets developers eliminate all friction of native token onboarding and delivers them a stablecoin-first users experiences.
3. Plasma confidential payments:
Plasma is developing a privacy-preserving transfer modular for stablecoins like USDT.
Plasma goal is to offer users a shield amounts, recipient addresses and memo data, while preserving their full composability and support for all regulatory disclosures.
This system is designed with opt-in and also delivers practical financial use cases, such as payroll, treasury flows, and private settlements. This will be implemented in standard solidity, with no need of custom opcodes or any alternative virtual machines.
This module concept is under active development which will be maintained by PLASMA protocols once it has been finalized.
Which is also built to give users integrated cleanly with their existing wallets and their dApps without requiring changes to their flows.
To all developers plasma got the right tools for your applications build on it.. buy $XPL today.