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I'm getting high fees when trying to unwrap ETH stuck in the Polygon chain. If this is the future, I can't afford it.

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by COINS NEWS 62 Views

I'm getting high fees when trying to unwrap ETH stuck in the Polygon chain. If this is the future, I can't afford it.

I'm just trying to unwrap wETH in the Polygon chain to ETH in the main chain. Fees for doing so are very high.

Am I doing something wrong? Because people have been blasting north and south that chains like Polygon are the future of ETH because of its lower fees etc., but it doesn't seem like it:

https://preview.redd.it/4os61e5ni76b1.png?340&format=png&auto=webp&s=9789dc7778368c64b63965a5448018cf2353a11c

The value above is the "site suggested" option. When clicking there, other options appear, but neither are cheap:

https://preview.redd.it/5nvn51nri76b1.png?309&format=png&auto=webp&s=dbbf68e1f4ca71580ba1ff37988d42c48cb0cd9d

I could of course click in "Advanced" and set my own fee, but probably the transaction would be stuck for a while. When checking the GWEI Gas Tracker, it states the cost of some actions:

  • OpenSea Sale: $13.12
  • LooksRare Sale: $59.87
  • Uniswap V3 Swap: $33.80
  • SushiSwap Swap: $25.87
  • Curve Swap: $33.65
  • USDT Transfer: $9.91

In my understanding this has to do with ETH's chain, not Polygon's, right? One would then have to be forever stuck with the latter (or other side chains/L2s) and avoid touching ETH in order to have lower fees. So far it sounds like a bug, and not a feature.

If this is the future, I can't afford it.

submitted by /u/reddito321
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