StarkEx Deep Dive 🐬
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Off-Chain Minting
What is Off-Chain Minting?
Minting ERC721 on-chain has become increasingly expensive as Ethereum and gas prices rose. A traditional ERC721 minting costs today between 100 000 to 200 000 gas per asset. These prices are prohibitively expensive for many use-cases. StarkEx solves this!
Step 1: The application Sends a Minting Request
Off-chain minting is a StarkEx operation enabling the off-chain creation of assets. It consists of assigning a new
assetId and an amount that describes the asset to a specific StarkKey .This asset is created off-chain and does not have yet an on-chain representation. The
assetId is encoded in a compressed form called the Minting Blob which is required in order to withdraw on-chain. The assetId definition is specified here. Notice that the Minting Blob is not stored on-chain and should be received out of band.Step 2: Minting Request Validity Checks
To ensure that StarkEx cannot create any arbitrary
assetId (for instance, minting a large amount of ETH), off-chain minting can only create a mintable assetId if it respects the following conditions:- The operation does not overwrite an existing
Vault - Bit 251 of the
assetIdmust be 1
Technically, the operation is defined as the change from an empty account to an account containing an
StarkKey, a mintable assetId and an amount.Notice that there is no restriction on the operator's ability to remint an asset.
Step 3: Withdraw And Mint
To be fully non-custodial, a mintable asset must be paired with an on-chain contract that the asset will be minted at. At Withdraw, the user is required to call
withdrawAndMint and provide the mintingBlob for the asset contract to create the token.Last modified 5mo ago