Quote from: ulhaq on May 31, 2021, 06:13:17 PM

Why are the prices higher on Defi platforms, isn't it up to ethereum and not the platform?

I just looked at depositing in a lending pool and it gave an estimated price of 0.00834ETH which is ridiculous. I did not continue and am not sure if there would have been another fee after that?
And then more fees when withdrawing?

it is Ethereum, but it is an interaction with smart contract, when you just send Ether to another address, there is no interaction with smart contract, and lower amount of gas is needed for transaction

basically, it is 21k Gas needed to send Ether to another address, and could be around 200k Gas for DeFi deposit in landing pool (ten times gas needed, ten times transaction cost), and when you set your gas to any level (20 during this low gas times), you pay:
- around 420k for send Ether transaction
- around 4.2M for smart contract interaction