 | Hell Dear Yoloers, today i bring you an entertaining tale of Sunflowers that are currently nearly killing the Polygon Network. Introduction Polygon: Hailed as a L2 for ETH with nearly no gas cost, Polygon has been in high demand for various DeFi Projects and retail investors alike. The gas cost was basically non existent at <1cent per txn and gas cost mostly <100 gwei. It's fast, cheap and stable. Just perfect. Sunflower farmer: A Open-source 16-bit farming game. You donate 0,1 Matic to a charity to start, You click your plots, harvest stuff and get tokens. Not that exciting. BUT: It's on chain. Like everything. Level up your farm? Saved on the chain. Harvested some stuff? On the chain. Crafted some tools? On the chain. I mean everything. The problem As so often the price, with great power comes great responsibility. The ROI of the game is like ... 8 hours? I am not even kidding. You start the game and make a plus. That was no problem as the price was like 1sff:100matic or lower, so basically a fraction of a cent. And since you get like 10 sff in a day it was nice, but not that much. But everything changed when the botters attacked. There were 2 things happening at once. First, the halvening. The cost and reward in sff halved in the game, as to slow down the minting of new sff. AND suddenly people realized: We can bot that stuff so hard, the winnings are amazing. Well... FUCK. 2 Things: The price expoded. From the few cents to over 6$ per sff. INSANE. Probably driven by botters and people who fomoed in and wanted to upgrade their farm fast, as to better ROI. The matic gas cost exploded. This is rn. Remember the <100 gwei? Yeah lmao no. And the contract for SFF is eating 50%+ of all transactions at times. This is the matic gas used of the sff contract. Just to give you an idea of how much it exploded. Currently the Network is barely usable for the normal User. It's still fast if you pay the gas price, but it's real expensive compared to before. From <1 cent to ~5 cent or more depending on the transaction. That's it, just wanted to share a good ol' story of people fucking up everything good because of greed. See y'all bois. [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments