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Claim your daily $EVMOS staking rewards with Fee Subscription Auto Pay? Without $EVMOS in Wallet?

avatar of @gungunkrishu
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@gungunkrishu
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2 min read

Hey All,

I was going through some articles on the recent development activity on the $EVMOS blockchain. And there I stumbled on a piece of information which said that you can now claim $EVMOS rewards without having any $EVMOS in your wallet. But then there is a caveat to it. All the transactions on the $EVMOS would not be free though. So what exactly is - Free Subscription Auto Pay on $EVMOS means?

source::

In simple terms it means that if you have your $EVMOS staked and when you go on to claim the rewards and incase you don't have $EVMOS in your wallet then you need not worry about it. Yes, earlier what used to happen if we were claimable $EVMOS rewards and didn't have any $EVMOS in the wallet then it was very challenging for the users to claim their rewards. The transaction would fail because of no token to cover those pesky gas fees. But now with the Introduction of Fee Subscription Auto Pay; what happens is that while claiming your $EVMOS rewards the transaction fee is paid from the claimable rewards. The protocol on the EVMOS would do the following::

  • Claim users stake rewards,
  • Allocate what needs to be paid for gas and then
  • Finally distribute what is left to the users wallet.. Done

Hence the gas fee being paid is Auto paid from the claimable rewards incase there is no tokens in the wallet. This process at the backend happens automatically and the only condition is that you should have adequate claimable stake. With all this users are free from all the hustles around transaction failures and now need not worry even if they don't have tokens in their wallet. A good feature addition overall I must say.. way to go EVMOS...

Claim your daily $EVMOS staking rewards with Fee Subscription Auto Pay?

#evmos #defi #fee #subscription #feesubscription #freetransaction #evmonsdiary #wallet #evmoswallet

Have Your SAY on - EVMOS Fee Subscription...

Are you invested in EVMOS? What are you doing with your daily staking $EVMOS rewards? Did you know that now there is a fee subscription on $EVMOS? Let me know your thoughts in the comment box below... cheers :-)

Best Regards

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