4 ms·
The "hundreds to bridge" is a worst case figure that most folks would only do if they had to bridge in the midst of a crash and needed to add capital to avoid l
by yokem55 5y ago
The "hundreds to bridge" is a worst case figure that most folks would only do if they had to bridge in the midst of a crash and needed to add capital to avoid liquidation on an L2 position.
If you time it right it's more like $40-50. Not great, obviously, but it isn't "hundreds".
And ultimately, the problem goes away when centralized exchanges provide direct on-ramps to L2's -- which is already happening with some smaller exchanges.
- nightpool 5y agoIf you're paying $40-$50 dollars per trade, how is that "solving the problem of expensive transfers"?
- yokem55 5y agoIt's a one time bridge. Bridge once, and then the transactions with the funds you have on l2 can be traded or borrowed against for vastly cheaper then mainnet. If you want or have a need to add more funds to trade with, then it's an additional bridging fee, but not every tx is $40-50.
- skybrian 5y agoIt seems like there’s an underlying assumption that you’re going to trade often. Paying a one-time fee and making it up in volume doesn’t seem very appealing for people who don’t trade that much anyway? Is this just for day traders?
- anonymoushn 5y agoIf you don't need to make very many transactions then maybe the high fees on L1 aren't an issue anyway.
- brokensegue 5y agoYou're competing with free trades on the stock market though