paid $1K for gas on ERC20 again because of volatility?
i found a solution, and i think it’s life-changing
back in 2022 during a public NFT mint, i paid over $1K for gas just by setting a priority
because of that, i lost $$$, the floor price was lower than what i paid for gas
"Ronin, what's the solution???"
@ETHGasOfficial aims to fix this by engineering a realtime market layer
this will form prices for blockspace and redistribute blockspace more efficiently
at the same time, it will also optimize validator revenue and make protocol-level fee refunds possible
and finally, it will enable instant transactions and faster confirmations
"What's the roadmap?"
1. Beanstalk Bonanza
social tasks for the community (contribution points) live already
2. Launch of the Gas Report & Open Gas Initiative
launch of the gas report that visualizes and flexes your total ETH gas spend and start the first partnerships within the Open Gas Initiative
3. Fee refunds & more opportunities
implementation of protocol-level fee refunds and on-chain application of ETHGas markets
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CONCLUSION:
a really useful product, since i lost at least $5K on this myself
not to mention whales who paid $10–20K per transaction hehe
also useful for low/mid-bank users, since it will calculate your fees in more detail
fee refunds sound like a real life-changer if GWEI >20
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