@ertemann posted in Proposal for Implementing an on-chain Minimum Gas Fee of 0. 5 uscrt.
24 Jul 2023, 05:44
@ertemann posted in Proposal for Implementing an on-chain Minimum Gas Fee of 0.5 uscrt
Was reminded of this discussion so will drop my thoughts here.
General view: fees exist for security reason but are ultimately a bigger impact on UX, these 2 topics should be weighed off in any fee discussion imo.
Specific:
0.0125uscrt as a fee option has ridiculous scaling to the other options often used by validators (0.1 and 0.5) so to me the largest thing we can do to improve UX is actuall...
Same news in other sources
4SecretSCRT #429
24 Jul 2023, 21:25
@pmuecke posted in Governance Meeting Notes Mega-Thread
Abstract
It currently seems that the following gas fee values would see broad support: Low: 0.1 uSCRT; Med: 0.25 uSCRT; High: 0.5 uSCRT.
There are still some bumps in the road to fully implement relayer fees using IBC fee middleware but it seems the best way to make sure relaying is sustainable. Indirect compensation is not optimal and a relayer fee between 0.01 and 0.05 SCRT per IBC tx should al...
@pmuecke posted in Governance Meeting Notes Mega-Thread. Abstract.
@pmuecke posted in Governance Meeting Notes Mega-Thread
Abstract
It currently seems that the following gas fee values would see broad support: Low: 0.1 uSCRT; Med: 0.25 uSCRT; High: 0.5 uSCRT.
There are still some bumps in the road to fully implement relayer fees using IBC fee middleware but it seems the best way to make sure relaying is sustainable. Indirect compensation is not optimal and a relayer fee between 0.01 and 0.05 SCRT per IBC tx should al...
SecretSCRT #429
24 Jul 2023, 15:28
Secret telegram news 24 July 2023 15:28
SecretSCRT #429
24 Jul 2023, 07:19
@ertemann posted in Proposal for Implementing an on-chain Minimum Gas Fee of 0.5 uscrt
just showing the fee per unit of gas is not reflective of the actual fee to do a swap or lend transaction etc.
@ertemann posted in Proposal for Implementing an on-chain Minimum Gas Fee of 0. 5 uscrt.
@ertemann posted in Proposal for Implementing an on-chain Minimum Gas Fee of 0.5 uscrt
just showing the fee per unit of gas is not reflective of the actual fee to do a swap or lend transaction etc.
SecretSCRT #429
24 Jul 2023, 06:02
@thenodefather posted in Proposal for Implementing an on-chain Minimum Gas Fee of 0.5 uscrt
Happy to see this discussion continuing.
Wanted to add that in discussing fees we should all remember that fees are not a governable number, but they could be if we made some changes. This is notably different from when this discussion happens on osmosis, where proposals can change the fees instead of node runners getting to decide themselves.
Other context.
0.5 uscrt = roughly $0.0175
0.25 us...
@thenodefather posted in Proposal for Implementing an on-chain Minimum Gas Fee of 0. 5 uscrt.
@thenodefather posted in Proposal for Implementing an on-chain Minimum Gas Fee of 0.5 uscrt
Happy to see this discussion continuing.
Wanted to add that in discussing fees we should all remember that fees are not a governable number, but they could be if we made some changes. This is notably different from when this discussion happens on osmosis, where proposals can change the fees instead of node runners getting to decide themselves.
Other context.
0.5 uscrt = roughly $0.0175
0.25 us...