Hello everybody! These days I’m trying to use DeFi protocols to better learn the ecosystem. While I had no problem with gas fees the first time I had to sign a smart contract right now is asking for a price that is very high and if I understood correctly doesn’t correspont to the Gwei currentt price.
I’ve tried on Uniswap some days ago and it was around 1 USD and now on Mintr (Synthetics) the average gas price is around 5 USD. Is it normal? If I understood correctly with Eth being around 200 USD 16 Gwei shoud have been much less than this, around 0.000003 USD.
Thank you in advance if someone can clarify what’s happening!
The stated gas price in GWEI is per unit of gas. So the total fee is amountGasUsed * priceOfGas and it takes a lot of gas to claim SNX staking rewards.
I also stake Synthetics and, yes, the gas fees have been horrendous! I started tracking them in a spreadsheet yesterday to see if I could find a time of day where gas prices were more reasonable. So far no luck. Every time I’ve checked the last few weeks the gas fee has been more than the value of SNX staking rewards I have available to claim.
We need ETH 2.0 right now! All the BTC halving hype is overloading the ETH network and driving up fees.
| Date PDT (UTC-7) | Claim Fee USD | Gas Price GWEI |
|---|---|---|
| 2020-05-25 07:40 | 10.45 | 39.00 |
| 2020-05-25 10:00 | 8.60 | 32.00 |
| 2020-05-25 12:45 | 5.42 | 20.10 |
| 2020-05-25 21:30 | 8.87 | 33.00 |
| 2020-05-26 08:30 | 8.32 | 32.00 |
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Thank you very much, now I’ve got it! 
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Hey there, i am having a pending tx problem on Etherscan, is there a way of cancelling it?