Recent trends in Ethereum's gas prices, currently ranging between 5 and 11 gwei, have presented cost-effective opportunities for users and investors. This low gas price environment facilitates cheaper transaction costs for activities such as deploying contracts, making layer 2 movements, and handling loans. For instance, transactions like supplying collateral and borrowing costs around $7, while using a market maker vault is approximately $8. Additionally, strategic trading based on gas prices, specifically buying when prices are in single digits and selling in triple digits, has been highlighted as a profitable long-term strategy. Notably, significant transactions include the use of 8,000 and 16,300 $PRIME as collateral for loans amounting to 50,100 and 114,300 $USDC respectively, with loan-to-value ratios of 33% and 39%. The recent increase in Ethereum's price alongside low gas costs further underscores the financial strategies being employed.
ETH pumping while gas is <10 gwei 👀 Deploy your contracts, delegate your EigenLayer deposits, bridge to Arbitrum, etc while it's cheap!
Gas is cheap right now, 5gwei on Ethereum mainnet Get all your transactions in Like moving to L2
Has anyone on my TL used @useteller for a $prime collateral loan? What was your play?
🔒🔒 16.3K $PRIME used as collateral for a 114.3K $USDC loan on ethereum.. LTV : 39% 💸 https://t.co/0c7wXLWWgu https://t.co/nox9CQlmLS
🔒🔒 8.0K $PRIME used as collateral for a 50.1K $USDC loan on ethereum.. LTV : 33% 💸 https://t.co/EC8c4FvFFq https://t.co/58wcdh2rlD
One of the clearest market signals in all of crypto is the Eth gas price. Longing when gas is single digit gwei and selling when it's triple digit gwei has been a consistently profitable strategy for years. Lesson there. https://t.co/CA304335mN
Next quarter's opportunities are available right now. Single digit gwei, this is the time to find them. https://t.co/TjUIuVOvQ5
One of the clearest market signals in call of crypto is the Eth gas price. Longing when gas is single digit gwei and selling when it's triple digit gwei has been a consistently profitable strategy for years. Lesson there. https://t.co/CA304335mN
One of the most clearest market signals in call of crypto is the Eth gas price. Longing when gas is single gwei and selling when it's triple digit gwei has been a consistently profitable strategy for years. https://t.co/CA304335mN
Eth Gas at 11 gwei. Do what you will with this information
Gas at 8 Gwei ⛽️ - supply collateral + borrow: ~7$ - supply through a MM vault: ~8$ It has never been so cheap to use a lending protocol for years https://t.co/G07mh7ymty