TL;DR:
The high cost of stacking 15 AAVE, exacerbated by the current gas fee, is a significant concern, particularly for smaller investors, and raises questions about the economic viability of the process. The discussion suggests the need for gas optimization, the potential use of Arbitrum for stacking, and the importance of understanding the safety module for future plans.
The discussion primarily revolves around the high cost of stacking 15 AAVE, as pointed out by Coinsu. The current gas fee of 48 Gwei makes the process quite expensive, approximately 24 USD. This cost, coupled with the potential reward of 0.9 AAVE per year (equivalent to 63 USD), raises concerns about the economic viability of the process, especially during a bull market. The cost of the ABPT stack is also highlighted as a significant concern due to the expenses associated with wrapping ETH and obtaining ABP tokens.
Coinsu further suggests the need for gas optimization in the protocol to make stacking more accessible for smaller investors. They also propose the possibility of making stacking available on Arbitrum1. For future plans, including staking, EzR3aL recommends reading the six threads posted by Llama regarding the safety module2.
In conclusion, the discussion emphasizes the need for cost-effective solutions and strategic planning to make stacking more accessible and profitable, especially for smaller investors. The potential of Arbitrum as a platform for stacking and the importance of understanding the safety module for future plans are also underscored.
Posted 7 months ago
Last reply 7 months ago
Summary updated 2 months ago
Last updated 06/12 00:43