10-26-2020, 05:47 AM
Is the only way to avoid high gas fees is by avoiding ETH completely?
<!-- SC_OFF --><div class="md"><p>I am new to the Defi scene, but I understand gas fees are necessary to the network. However it doesn't seem profitable to participate when a gas fee is like $3 on a $15 trade, on top of miner and LP fees.</p> <p>I want to dabble with liquidity pools but I don't understand how positive returns are possible with gas fees at like 20%+ for a single trade. (Without very long term investing ofc)</p> <p>If anyone has any insights, YouTube videos, old posts, etc. I'd love to hear it.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>I am new to the Defi scene, but I understand gas fees are necessary to the network. However it doesn't seem profitable to participate when a gas fee is like $3 on a $15 trade, on top of miner and LP fees.</p> <p>I want to dabble with liquidity pools but I don't understand how positive returns are possible with gas fees at like 20%+ for a single trade. (Without very long term investing ofc)</p> <p>If anyone has any insights, YouTube videos, old posts, etc. I'd love to hear it.</p> </div><!-- SC_ON --> Kind Regards R