01-04-2022, 10:13 PM
The Tale of Polygon and some Sunflowers. Or: Why Polygon is slowing down.
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/rvq4qu/the_tale_of_polygon_and_some_sunflowers_or_why/"> <img src="https://b.thumbs.redditmedia.com/l8UIeOLdLY9UKD0FlgvTtN2uYUqq6Nn7VU8RXIOLuWc.jpg" alt="The Tale of Polygon and some Sunflowers. Or: Why Polygon is slowing down." title="The Tale of Polygon and some Sunflowers. Or: Why Polygon is slowing down." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Hell Dear Yoloers,</p> <p>today i bring you an entertaining tale of Sunflowers that are currently nearly killing the Polygon Network.</p> <p><strong>Introduction</strong></p> <p>Polygon: Hailed as a L2 for ETH with nearly no gas cost, Polygon has been in high demand for various DeFi Projects and retail investors alike. The gas cost was basically non existent at <1cent per txn and gas cost mostly <100 gwei. It's fast, cheap and stable. Just perfect. </p> <p>Sunflower farmer: A Open-source 16-bit farming game. You donate 0,1 Matic to a charity to start, You click your plots, harvest stuff and get tokens. Not that exciting. BUT: It's on chain. Like everything. Level up your farm? Saved on the chain. Harvested some stuff? On the chain. Crafted some tools? On the chain. I mean everything.</p> <p><strong>The problem</strong></p> <p>As so often the price, with great power comes great responsibility. The ROI of the game is like ... 8 hours? I am not even kidding. You start the game and make a plus. That was no problem as the price was like 1sff:100matic or lower, so basically a fraction of a cent. And since you get like 10 sff in a day it was nice, but not that much.</p> <p>But everything changed when the botters attacked.</p> <p>There were 2 things happening at once. First, the halvening. The cost and reward in sff halved in the game, as to slow down the minting of new sff. AND suddenly people realized: We can bot that stuff so hard, the winnings are amazing. Well... FUCK.</p> <p>2 Things: </p> <p>The price expoded. From the few cents to over 6$ per sff. INSANE. Probably driven by botters and people who fomoed in and wanted to upgrade their farm fast, as to better ROI.</p> <p><a href="https://preview.redd.it/7vh6ug9czm981.png?width=3825&format=png&auto=webp&s=9814bf8a79abef88a3ec769df43088a273be95d8">https://preview.redd.it/7vh6ug9czm981.png?width=3825&format=png&auto=webp&s=9814bf8a79abef88a3ec769df43088a273be95d8</a></p> <p>The matic gas cost exploded. </p> <p><a href="https://preview.redd.it/2x82fw1lzm981.png?width=763&format=png&auto=webp&s=8e4156345a213ef738161ece3b032ea8e2718edc">https://preview.redd.it/2x82fw1lzm981.png?width=763&format=png&auto=webp&s=8e4156345a213ef738161ece3b032ea8e2718edc</a></p> <p>This is rn. Remember the <100 gwei? Yeah lmao no. And the contract for SFF is eating 50%+ of all transactions at times. </p> <p>​</p> <p><a href="https://preview.redd.it/dtcikkurzm981.png?width=1850&format=png&auto=webp&s=bd0d45f25dab6e3d5a3d0fc1bb63f823c34d9f0a">https://preview.redd.it/dtcikkurzm981.png?width=1850&format=png&auto=webp&s=bd0d45f25dab6e3d5a3d0fc1bb63f823c34d9f0a</a></p> <p>This is the matic gas used of the sff contract. Just to give you an idea of how much it exploded. </p> <p>​</p> <p>Currently the Network is barely usable for the normal User. It's still fast if you pay the gas price, but it's real expensive compared to before. From <1 cent to ~5 cent or more depending on the transaction.</p> <p>That's it, just wanted to share a good ol' story of people fucking up everything good because of greed. See y'all bois.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/KermitTheFrogo01"> /u/KermitTheFrogo01 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rvq4qu/the_tale_of_polygon_and_some_sunflowers_or_why/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rvq4qu/the_tale_of_polygon_and_some_sunflowers_or_why/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/rvq4qu/the_tale_of_polygon_and_some_sunflowers_or_why/"> <img src="https://b.thumbs.redditmedia.com/l8UIeOLdLY9UKD0FlgvTtN2uYUqq6Nn7VU8RXIOLuWc.jpg" alt="The Tale of Polygon and some Sunflowers. Or: Why Polygon is slowing down." title="The Tale of Polygon and some Sunflowers. Or: Why Polygon is slowing down." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Hell Dear Yoloers,</p> <p>today i bring you an entertaining tale of Sunflowers that are currently nearly killing the Polygon Network.</p> <p><strong>Introduction</strong></p> <p>Polygon: Hailed as a L2 for ETH with nearly no gas cost, Polygon has been in high demand for various DeFi Projects and retail investors alike. The gas cost was basically non existent at <1cent per txn and gas cost mostly <100 gwei. It's fast, cheap and stable. Just perfect. </p> <p>Sunflower farmer: A Open-source 16-bit farming game. You donate 0,1 Matic to a charity to start, You click your plots, harvest stuff and get tokens. Not that exciting. BUT: It's on chain. Like everything. Level up your farm? Saved on the chain. Harvested some stuff? On the chain. Crafted some tools? On the chain. I mean everything.</p> <p><strong>The problem</strong></p> <p>As so often the price, with great power comes great responsibility. The ROI of the game is like ... 8 hours? I am not even kidding. You start the game and make a plus. That was no problem as the price was like 1sff:100matic or lower, so basically a fraction of a cent. And since you get like 10 sff in a day it was nice, but not that much.</p> <p>But everything changed when the botters attacked.</p> <p>There were 2 things happening at once. First, the halvening. The cost and reward in sff halved in the game, as to slow down the minting of new sff. AND suddenly people realized: We can bot that stuff so hard, the winnings are amazing. Well... FUCK.</p> <p>2 Things: </p> <p>The price expoded. From the few cents to over 6$ per sff. INSANE. Probably driven by botters and people who fomoed in and wanted to upgrade their farm fast, as to better ROI.</p> <p><a href="https://preview.redd.it/7vh6ug9czm981.png?width=3825&format=png&auto=webp&s=9814bf8a79abef88a3ec769df43088a273be95d8">https://preview.redd.it/7vh6ug9czm981.png?width=3825&format=png&auto=webp&s=9814bf8a79abef88a3ec769df43088a273be95d8</a></p> <p>The matic gas cost exploded. </p> <p><a href="https://preview.redd.it/2x82fw1lzm981.png?width=763&format=png&auto=webp&s=8e4156345a213ef738161ece3b032ea8e2718edc">https://preview.redd.it/2x82fw1lzm981.png?width=763&format=png&auto=webp&s=8e4156345a213ef738161ece3b032ea8e2718edc</a></p> <p>This is rn. Remember the <100 gwei? Yeah lmao no. And the contract for SFF is eating 50%+ of all transactions at times. </p> <p>​</p> <p><a href="https://preview.redd.it/dtcikkurzm981.png?width=1850&format=png&auto=webp&s=bd0d45f25dab6e3d5a3d0fc1bb63f823c34d9f0a">https://preview.redd.it/dtcikkurzm981.png?width=1850&format=png&auto=webp&s=bd0d45f25dab6e3d5a3d0fc1bb63f823c34d9f0a</a></p> <p>This is the matic gas used of the sff contract. Just to give you an idea of how much it exploded. </p> <p>​</p> <p>Currently the Network is barely usable for the normal User. It's still fast if you pay the gas price, but it's real expensive compared to before. From <1 cent to ~5 cent or more depending on the transaction.</p> <p>That's it, just wanted to share a good ol' story of people fucking up everything good because of greed. See y'all bois.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/KermitTheFrogo01"> /u/KermitTheFrogo01 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rvq4qu/the_tale_of_polygon_and_some_sunflowers_or_why/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rvq4qu/the_tale_of_polygon_and_some_sunflowers_or_why/">[comments]</a></span> </td></tr></table>Kind Regards R