https://polkadot.subsquare.io/referenda/1127
Threshold
When Snowbridge was launched the transfer fees were calculated based on the following parameters which reflected market conditions at the time:
60 Gwei
ETH:DOT
1:450
This resulted in price in the following prices:
11.456568 DOT
0.000399 ETH
This proposal will change the pricing parameters to:
25 Gwei
1:566
Resulting in the following fees:
6.1278015332 DOT
0.000317 ETH
Old Pricing Params:
setPricingParameters({ exchangeRate: 2,222,222,222,222,222 rewards: { local: 100,000,000 remote: 250,000,000,000,000 } feePerGas: 60,000,000,000 multiplier: 1,333,333,333,333,333,333 })
New Pricing Params:
setPricingParameters({ exchangeRate: 1,766,784,452,296,820 rewards: { local: 100,000,000 remote: 250,000,000,000,000 } feePerGas: 25,000,000,000 multiplier: 1,333,333,333,333,333,333 })
When Snowbridge was launched the transfer fees were calculated based on the following parameters which reflected market conditions at the time:
60 Gwei
ETH:DOT
exchange rate:1:450
This resulted in price in the following prices:
11.456568 DOT
to transfer from Polkadot to Ethereum.0.000399 ETH
to transfer from Ethereum to Polkadot.This proposal will change the pricing parameters to:
25 Gwei
ETH:DOT
exchange rate:1:566
Resulting in the following fees:
6.1278015332 DOT
to transfer from Polkadot to Ethereum.0.000317 ETH
to transfer from Ethereum to Polkadot.Old Pricing Params:
New Pricing Params: