RE: LeoBridge Will Send The Price Of LEO Flying
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Technically 11 fees to use the bridge one time.
Without a doubt, it isnt cheap. But then anything associated with Ethereum is not cheap. All those add up, sans the ETH fees, to be very little. However, 2 ETH fees can run $150 bucks alone.
It is why BSC is probably starting to get a lot of attention.
This is the thing I may be greatly underestimating.
There could definitely be some ragequit action that breathes life into the bridge.
Judging by a few posts I saw recently, it looks there is a lot of that out there.
I think there were two on Hive today about people just fed up with Ethereum and selling out.
Will the fees come down? At some point you would think so but who knows.
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Yeah on a certain level it's pretty funny... because the bridge might look unusable due to a $200 bridge fee... but then again it costs more than that on ETH just to compound the rewards on an LP farm one single time (harvest, sell half, LP, enter-farm). Once they move over to BSC all the fees are reduced by over x100.
At the end of the day ETH fees are only going to skyrocket for the next 9 months.
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Yeah I dont see them falling anytime soon. And it supposedly is going to take them 2 years before they will address the fees.
Good luck with that.
A great way of framing the pricing. You are right. When put into context, it makes sense.
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