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ERC-20 token thresholds raised
Posted: Wed Jan 06, 2021 9:22 pm
by Steve Sokolowski
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.
Re: ERC-20 token thresholds raised
Posted: Thu Jan 07, 2021 12:15 am
by edmundtan
why max threshold value for ETH is same as free threholds value?
Re: ERC-20 token thresholds raised
Posted: Thu Jan 07, 2021 12:31 am
by edmundtan
bug?
Thresholds
Any amount below the free threshold incurs a fee
Min Threshold
0.03000000 ETH
$36.19
Free Threshold
0.16581441 ETH
$200.00
Max Threshold
0.16581441 ETH
$200.00
Re: ERC-20 token thresholds raised
Posted: Thu Jan 07, 2021 7:02 am
by Steve Sokolowski
edmundtan wrote: ↑Thu Jan 07, 2021 12:15 am
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.
Re: ERC-20 token thresholds raised
Posted: Thu Jan 07, 2021 7:08 am
by edmundtan
please at least set the max 0.01 higher than free threshold.
Re: ERC-20 token thresholds raised
Posted: Thu Jan 07, 2021 2:40 pm
by Steve Sokolowski
edmundtan wrote: ↑Thu Jan 07, 2021 7:08 am
please at least set the max 0.01 higher than free threshold.
What's the specific reason for this suggestion? That's not much higher.
Re: ERC-20 token thresholds raised
Posted: Thu Jan 07, 2021 10:52 pm
by edmundtan
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
Re: ERC-20 token thresholds raised
Posted: Fri Jan 08, 2021 7:14 am
by Steve Sokolowski
edmundtan wrote: ↑Thu Jan 07, 2021 10:52 pm
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.