We’re excited to announce that GasStation is officially joining the Chainlink Build program. As a part of Build, we aim to accelerate ecosystem growth and long-term adoption of blockchain technology by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
We’re confident that through enhanced support, secure offchain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of GasStation and realize the mass adoption of blockchain technology by making transaction costs stable and manageable. We aim to empower end users and other protocols to achieve economic freedom without the need to navigate the complexities of gas fees.
GasStation: Expanding Blockchain Adoption
GasStation protocol is an Ethereum gas spot market. Our protocol monitors Ethereum gas prices in real-time, enabling users to hedge against operating costs, trade on volatility, and subsidize transaction fees. By simplifying and stabilizing transaction costs, we enable a more user-friendly experience, encouraging greater participation in the blockchain ecosystem. Our goal is to create an environment where everyone can engage with blockchain technology seamlessly, promoting inclusivity and innovation across the industry.
GasStation’s token, GIX, differentiates itself from other gas tokens through its increased capital efficiency and reduced reliance on counterparties. The accessible fee structure and composability make it an ideal solution for advancing blockchain scalability. GIX is a composable ERC-20 rebase token pegged 1:1 to Ethereum’s base fee, leveraging interest rates inspired by proven parametric insurance models. From a user's perspective, using GIX is straightforward. Users can simply swap ETH for GIX, and when faced with a costly transaction, they can easily swap GIX back into ETH. This makes GIX an effective tool for hedging against volatile transaction fees. The interest rates applied to GIX holders and used to reward liquidity providers are grounded in parametric insurance principles, ensuring that substantial events, like major gas price spikes, can be covered sustainably. By stabilizing gas prices across protocols, chains, and wallets alike, GasStation enhances the scalability and efficiency of decentralized applications. This predictability in transaction fees benefits developers, protocols, and users, ultimately boosting blockchain adoption and enabling protocols to subsidize gas costs for consumers.
Why We Joined Chainlink Build
GasStation joined Build to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of Build, GasStation will receive key benefits, including access to and integration of industry-standard Chainlink Price Feeds to access accurate and tamper-proof market data for our GIX token along with CCIP to enable our protocol to seamlessly tap into the cross-chain ecosystem. GasStation will also gain access to new Chainlink product alpha and beta releases, among other benefits.
In exchange for these services, GasStation will make 5% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re thrilled to join Chainlink Build to help boost the adoption of GasStation and help abstract away the complexities of blockchain infrastructure. The integration of industry-standard Chainlink services will uplevel our protocol as we move forward on our mission to simplify gas fees and guide users and protocols toward true economic freedom.”—David Yenicelik
About Chainlink
Chainlink is the universal platform for pioneering the future of global markets onchain. Chainlink has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About GasStation
GasStation drives blockchain adoption by fixing unpredictable fees. GasStation provides hedging instruments for EVM primitives, enabling protocols to offer stable user experiences despite network congestion. GasStation tools abstract away infrastructure complexities, enhancing blockchain scalability and accessibility for protocols, wallets, and chains.
Learn more about GasStation by visiting gasstation.finance and x.com/gasstationfi.
