How to Save ETH Gas Fees? ...😑
ETH gas is driving people away from ETH DeFi and there are bunch of different projects are popping up everywhere outside of ETH space.
It is exciting to know that there are new and shiny projects out there that don't cost a lot of money for their DeFi.
It seems like CUB will go big like Pancake and other BSC based projects? It is kind of fun and interesting to explore opportunity and experiment.
But what if you can save money on ETH gas, would you stick with ETH DeFi?
I am not 100% sure... but it is nice to be able to move some dust coins that stuck in my ETH wallet.
Four Ways DeFi Users Can Pay Less in Ethereum Gas Fees
When I saw this post by MakerDAO I was pretty excitied. I thought I could save bunch of money on gas...
This is what they said.
1. Organize transaction types efficiently
2. Check the network for congestion and plan ahead when possible
3. Calculate Ethereum gas fees according to the conditions
4. Explore Ethereum Layer 2 platforms and technologies
I think those are pretty good information about ETH gas but they are not really practical or help you save gas fees... at least to me this won't help.
I thought my $100 gas would go down to 10 cents or something..., but no.
If you read this blog, you might be able to pay less but if your gas is $500 and pay $499 is a $1 less but still too expensive lol.
Checking gas fees on Gas Now and other gas tracker tools are always good though.
And check your gas fee before you send it is good too.
Layer 2 is a good alternative... but to me, it still costs a lot of money to get into it and get out of it.
So still not a good solution for me.
But anyway, this is my reaction to
Four Ways DeFi Users Can Pay Less in Ethereum Gas Fees
https://blog.makerdao.com/four-ways-defi-users-can-pay-less-in-ethereum-gas-fees/
Good information if you want to know more about ETH transaction fees.
Hello @tomoyan
I have never used ethereum DeFi, or anything in ethereum, maybe in the eyes of many it is a mistake. But paying that high commissions is absurd. That keeps me away and as long as they are that crazy those prices, I simply stay out of it.
There are other options, which of course, are copies of the DeFi system on ethereum, but I don't pay that much to be there, and I still generate dividends.
Yes, ETH DeFi is crazy... How is your CUB doing? I would like to know more how other people are doing on CUB defi :)
Hi @tomoyan, The truth is that CUB DeFi is doing very well, of course, the APR has already decreased a lot, but it is still very profitable. An APR close to 1000 is still quite high.
I particularly started from day one, when the APR in the mining pool was almost 80mil. So by now I have recovered my investment, and I am in profit now, it's great, I can't complain.
The best, for now, is not to use it on the main layer.
Yeah... I can't do anything right now pretty much
Ethereum gas fee has made users seek for alternative means i hope they get to launch 2.0 next phase sooner.
Thanks for sharing
Nice idea... I've actually migrated to BSC and Tron blockchain tokens due to the high eth gas fee.. I think I may start trying out this tips then.
Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead ❤️💕♥️