Reloop Launches Web3 Subscription Platform With 0 Gas Fees

Reloop, a new Web3 subscription platform, has been launched, enabling users to manage and pay for recurring services using cryptocurrency. The platform is designed to provide creators with automated payment collection through smart contracts, which are built with Yellow SDK. Reloop operates on the Flare Network and utilizes the ERC-7824 protocol for state channels to minimize gas fees, making it a cost-effective solution for users and creators alike.

The platform includes a randomized grace period of 0-6 hours for failed payments before cancellation, adding an extra layer of security and reliability. Users can approve monthly payments through off-chain signatures, while creators receive payments directly to their wallets. This system ensures that users do not have to pay gas fees for each transaction, as the smart contracts handle recurring payments automatically.

Reloop utilizes real-time price feeds to calculate cryptocurrency equivalents for services priced in dollars. This allows users to approve monthly payments through off-chain signatures, eliminating the need for gas fees for routine transactions. The system incorporates Flare Network's three core features to operate effectively. FAssets bring non-EVM assets like XRP into the smart contract system as FXRP. The Flare Time Series Oracle fetches real-time USD prices for FXRP and Bitcoin to calculate required cryptocurrency amounts per subscription. When payments fail, the platform's Secure Random Number Generator triggers a randomized grace period lasting up to six hours before cancellation.

Nitrolite integration handles subscription payments via off-chain state channels using the ERC-7824 protocol. This approach allows users to sign monthly payment approvals off-chain, eliminating gas fees for routine transactions. The system only settles on-chain once per billing cycle or during disputes, maintaining low operational costs.

For content creators and businesses, Reloop provides a dashboard for creating and managing subscription plans, tracking subscribers, and receiving automated payments directly into their wallets. The platform operates as a permissionless, secure, and transparent system without relying on traditional banking infrastructure. Development included creating fallback mechanisms to ensure reliability. The team implemented mock responses for random number generation during testing to simulate various grace period behaviors. They also built backup scripts to convert dollar amounts into FXRP using cached oracles if the primary FTSO system fails.

Reloop aims to become the decentralized equivalent of traditional subscription payment processors, positioning itself as the standard system for recurring payments in Web3 ecosystems. The platform's integration of Yellow SDK and state channel technology addresses common cryptocurrency payment challenges while maintaining the transparency and autonomy that Web3 users expect.