And does that also avoid smart contract fees?

Question

Constellation Network

SethV

And does that also avoid smart contract fees?

#blockchain #constellation #cryptocurrency #english

0

07.01.2022

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SethV Автор вопроса

ok so in the case of atomic swaps, its like 90% and in the case of doing a more "traditional" token wrap swap into L_0, there still is a significant fee that is saved as well? do i have that correct or am I incorrectly separating the two concepts

0

07.01.2022

criptix | I WILL NEVER PM FIRST

SethV
ok so in the case of atomic swaps, its like 90% an...

It depends on the exact process the projects wants to do. Swap and burn otSwap and lock for example. The more complex the mechaincs the highrt the cost.

0

07.01.2022

Fireflight

SethV
ok so in the case of atomic swaps, its like 90% an...

Yeah, I think the atomic swap will only cost you the ERC20 transfer fees (which is the cheapest fee on ETH network). As soon as you introduce a contract, like wrapping the token, you'll easily pay 90% more fees (similar to the cost of a uniswap swap)

0

07.01.2022

SethV Автор вопроса

Fireflight
Yeah, I think the atomic swap will only cost you t...

ahh got it, thanks!

0

07.01.2022

criptix | I WILL NEVER PM FIRST · Accepted Answer

criptix | I WILL NEVER PM FIRST

That is the big deal. The smart contract fees are being removed by using our State Channel to facilitate the swap process. Remaining is the transaction fee to actually move the asset in question which is basically around 5-20% from total trade fees depending on network congestion.

0

07.01.2022

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And does that also avoid smart contract fees?

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