Retail traders using the Robinhood Wallet may soon breathe easier when swapping cryptocurrencies on the company's layer-2 blockchain, as Robinhood Markets announced a gas fee coverage policy.
The new policy covers all gas fees exceeding $5 for users conducting swaps through the Robinhood Chain. This means that any user-initiated swap with a gas fee above $5 will have the excess amount absorbed by Robinhood.
This move aims to reduce transaction costs and make decentralized finance (DeFi) more accessible to retail traders, who often face high and unpredictable network fees.