0

I'm trying to pay back about 50 DAI and unlock 0.78 ETH but it keeps defaulting to 4 million gas limit (I usually see that amount as 300,000)...for a total of 0.82 ETH....I get the gas fees are high now but it says 0.82 for gas fee and 0.82 for amount + gas fee. So I have no idea whether this transaction will cost me $1300 to payback my 50 dai or is it including the ETH that I am unlocking?

is this including my locked eth

So this is a 2 part question

  1. What is the difference between Gas Fee and Amount + Gas Fee
  2. Why is it defaulting to such a high gas limit (I tried reducing it and it failed and ran out of gas). Seems ludicrous that I would pay $1300 for a transaction to pay back 50 Dai

Thanks

2
  • 1. Amount is the amount of ETH that you're sending to the contract (here 0), and Gas fee is Gwei * GasLimit (205*4000000) = 820000000 Gwei = 0.82 ETH 2. No idea, but depending on the smart contract, gas costs can be high, can you send the address of the contract?
    – Adam Boudj
    Feb 3, 2021 at 21:38
  • Ok so I'm not misunderstanding this...if I was sending 0.1 eth and the cost to send was 0.02 then Gas would be 0.02 and Amount + Gas would be 0.12 -- As for sending the contract address I cannot as it links to financial info.
    – Omar
    Feb 4, 2021 at 14:28

1 Answer 1

0

I'm new to metamask and receive(d) failed transactions as well, and also default not 21000 gas limit but like 200-300k which makes the fee around 50-80$. What I found, and like to share, is: Go to settings, general, advance, and there you can click on 'reset' and all previous transactions and history is gone (NOT your money). This seems to be helping for some. Sadly I have not found a way to send transaction atm - I'll share if I find a solution. My take-away: metamask sucks, Eth fees too high, time for change to BSC or Eth sidechains

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.

Not the answer you're looking for? Browse other questions tagged or ask your own question.