From 849190239e914890031962050859daf6946e4dc9 Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?Mart=C3=ADn=20Volpe?= Date: Thu, 7 Nov 2024 14:55:38 +0700 Subject: [PATCH] Fix formatting and add clarifications --- CGPs/cgp-0145.md | 27 ++++++++++++++------------- 1 file changed, 14 insertions(+), 13 deletions(-) diff --git a/CGPs/cgp-0145.md b/CGPs/cgp-0145.md index 74ea27e1..6428df58 100644 --- a/CGPs/cgp-0145.md +++ b/CGPs/cgp-0145.md @@ -23,21 +23,20 @@ Please note: ### Rationale -This proposal builds on the rationale of [CGP 66](TBD), where the effort was to keep gas cost for cUSD at $0.01 for a transfer paid for cUSD itself. Since then, it's been made possible to pay gas with USDC and USDT and the total cost for a tx has reduced considerably. These are gas costs of transfers of those tokens on mainnet at the time of writing: +This proposal builds on the rationale of [^1][CGP 66](https://github.com/celo-org/governance/blob/277ae3cb52e8bbb0e7f74c819b9b09f738f4bbd0/CGPs/cgp-0066.md), where the effort was to keep gas cost for cUSD at $0.01 for a transfer paid for cUSD itself. Since then, it's been made possible to pay gas with USDC and USDT and the total cost for a tx has reduced considerably. These are gas costs of transfers of those tokens on mainnet at the time of writing (with CELO priced at approximately $0.43): -cUSD -Example tx hash: 0x485e1aaab931ff206dbdd3994ae76a2e0f890f6d91ddf1405c76549b41ca32e3 -Cost: 0.000237143493845625 cUSD -USDC: -Example tx hash: 0x45b84acb1f440509b85d8ab942e489c28427751a3cf55f558a6bf8f7df8aeea2 -Cost: 0.000240841172077479 -USDT: - Example tx hash: -0x2310021513441c5ba42b028f907732510143d9e3e23d03719830a4b5cbd8d32d -Cost: 0.000237139846444008 +1. cUSD + * Example tx hash: [0x485e1aaab931ff206dbdd3994ae76a2e0f890f6d91ddf1405c76549b41ca32e3](https://celoscan.io/tx/0x485e1aaab931ff206dbdd3994ae76a2e0f890f6d91ddf1405c76549b41ca32e3) + * Cost: 0.000237143493845625 cUSD +2. USDC: + * Example tx hash: [0x45b84acb1f440509b85d8ab942e489c28427751a3cf55f558a6bf8f7df8aeea2](https://celoscan.io/tx/0x45b84acb1f440509b85d8ab942e489c28427751a3cf55f558a6bf8f7df8aeea2) + * Cost: 0.000240841172077479 +3. USDT: + * Example tx hash: [0x2310021513441c5ba42b028f907732510143d9e3e23d03719830a4b5cbd8d32d](https://celoscan.io/tx/0x2310021513441c5ba42b028f907732510143d9e3e23d03719830a4b5cbd8d32d) + * Cost: 0.000237139846444008 -After this change is implemented, the most expensive stable asset transfer will cost $0.00120420586. +After this change is implemented, the most expensive stable asset transfer will cost approximately $0.00120420586. Please note that these numbers are illustrative, smart contracts are complex and how much gas a transfer takes may vary depending on many factors. The actual cost of gas is also volatile, affected also by the value of CELO and network usage. @@ -67,6 +66,8 @@ The proposed number should be 5x higher than the current gas price. ## Useful Links -* Forum Post * Forum Post for previous gas price minimum modification https://forum.celo.org/t/increase-of-minimum-gas-fee/4616 * Celo Docs: Gas Pricing https://docs.celo.org/protocol/transaction/gas-pricing + +## Footnotes +[^1]: The referenced CGP 66 has now been overwritten in the [Governance Repo](https://github.com/celo-org/governance/) and thus the link points to the latest available version. This prevents Celo Mondo from displaying the on-chain record. Legacy [Stake ID](https://celo.stake.id/#/proposal/83) tool does show the on-chain record, but the content it shows is from the overwritten proposal, not the original.