mvr 🐹 on Farcaster

mvr 🐹 pfp

Every $10 I tip with @tipn costs me $1 in gas. Doesn’t matter if it’s one $10 tip or 1,000 tips of $0.01, the fee is the same. Current Base fast transaction fee? Around $0.00034. Tipn’s per-tip gas fee? $0.001 min If you're tipping $0.01, you're paying 3x more in gas than what a fast transaction actually costs right now. If you tip $1, you're paying ~30x more than needed. Batching would make this even cheaper I thought we were fleeing credit card fees. At least we know who's funding those staking rewards.

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DegenFans 🔐 pfp

And what if eth will be 700k 🫨 who can pay the gas fee 😦

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FCP pfp

@fuckcoolpussy.eth

Hey but when I tipped 100$ it didn't costs me any $ in fees it should be $10 in fees but when I check on farcaster wallet it says 0.01$ in fees no matter how much I pay so If I tip $10 fees is same 0.01 not $1

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Njal pfp

Btw do you also have a discrepancy between what the mini app says what you earned, and what Dune says what you earned? The mini app says $1.18, and Dune says $ 0.90. https://dune.com/queries/5353579

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niftytime pfp

Fees are 10% *capped at 1 cent Anyone who tips earns $TIPN 100% of protocol fees are distro’d to $TIPN stakers

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darcris pfp

oh it's not like in noice that free gas fee?

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Fookinnowan 🎩🔵 pfp

Fookinnowan 🎩🔵

Said this before that microtransaction is cool but even with batching will it be sustainable? Asked several times about noice average tx cost per tip on the founder's cast about the volume of tips they processed but founder either ignoring or avoiding to answer 😅

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MrBrick.Base.Eth pfp

MrBrick.Base.Eth

so what ur saying is, there's still work left to do before we reach Valhalla? 🧱 🧱

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Catsniper base.eth pfp

Catsniper base.eth

thats why i like noice, cause free charge

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Njal pfp

That's why I use Noice 😁

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seko pfp

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Kat 🔥 pfp

i’m the yield

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devForLife pfp

@devforlife.eth

There's more to that , When you buy or sell $TIPN token you will see a big price difference, According to founder he said 3% of fees is charged for buying selling and Some goes to maintenance of the app and most of that 3% fees is used to Reward the Stakers. So Basically, It's a pretty decent flywheel Where You earn Constant Usdc for staking and I think The tipn rewards we get for tipping Is also more for stakers than regular tipn users according to my experience.

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dev pfp

Yes Maybe fees are redistributed to $tipn stakers and a small amount to tippers. $noice on the other hand don't take any fees. Thus, market sees it as ICM

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Jason pfp

Said that way that’s kinda bonkers

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niknameste pfp

@niknameste.eth

Indeed, it is very expensive. But why is that? Part of the commissions gets @tipn ?

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