So V3 will bring much lower fees because of L2

Question

So V3 will bring much lower fees because of L2

solutions, right? But our current positions are based on L1, so does this mean that to change all positions to L2 we will in the end have to pay the huge L1 fee? The same fee we would pay if we would withdraw a position?

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05.11.2021

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Adi AmaZix · Accepted Answer

Hello Rudy, for v3 pools will be significantly less gas across the transactions, there will also be a '1-click' solution for moving pools to v3. "We can confirm that v3 will have a 1 click migration. That means that if you have multiple positions within a single pool and across multiple pools, there will be a single function that you can call which will consolidate all of your positions and then transfer those to v3 pools. This functionality to batch transactions will reduce friction and cost to get users to migrate their liquidity from v2.1 to v3 pools." Read more here: https://blog.bancor.network/the-bancorian-a-weekly-summary-september-12th-2021-a62a04b65f7b 😃

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So V3 will bring much lower fees because of L2

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