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Is this completely on ETH? So are the fees a

big issue?

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Yes, we are launching mainnet on Ethereum and will be working on a mix of L1 and L2s. Someone asked in the first Q&A whether gas fees could pose a problem, and Nevin (Reserve's CEO) told us that the protocol team is working on a way to aggregate transactions and process them in bulk in order to lower the gas fees.

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