ERC-20 token thresholds raised

Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

ERC-20 token thresholds raised

by Steve Sokolowski · · Post #27628

Recently, ETH fees have skyrocketed, so we've had to raise the minimum and free payout thresholds for most ERC-20 tokens. The new free thresholds range from $500 to $1,500. The minimum thresholds have been raised to between $25 and $50. One transaction for ERC-20 tokens is averaging now between $10-$15.

If gas costs decline, we'll reduce the thresholds as quickly as possible.
Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

Re: ERC-20 token thresholds raised

by Steve Sokolowski · · Post #27632

edmundtan wrote: why max threshold value for ETH is same as free threholds value?
The free threshold is so high that we can't accept liability for any more than we absolutely need to.

Our #1 security strategy, before everything else, is to make sure that we have as little money as possible for hackers to steal. In the past, allowing a higher max threshold wasn't much of a security risk, but now we are starting to have to keep large balances on hand. We made those two equal to try to keep down the amount of money we need to have in reserve.
edmundtan
Archived posts: 5
Joined: Dec 31, 2020

Re: ERC-20 token thresholds raised

by edmundtan · · Post #27636

There is no free payout when free threshold = max threshold.


Thresholds

Any amount below the free threshold incurs a fee
Min Threshold
0.03000000 ETH
$34.34
Free Threshold
0.17473749 ETH
$200.00
Max Threshold
0.17473749 ETH
$200.00
Fee Estimate
0.00174720 ETH
$2.00
Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

Re: ERC-20 token thresholds raised

by Steve Sokolowski · · Post #27639

edmundtan wrote: There is no free payout when free threshold = max threshold.


Thresholds

Any amount below the free threshold incurs a fee
Min Threshold
0.03000000 ETH
$34.34
Free Threshold
0.17473749 ETH
$200.00
Max Threshold
0.17473749 ETH
$200.00
Fee Estimate
0.00174720 ETH
$2.00
I'll submit a ticket to Vance to investigate this issue and will post here when I know more.