LIQUIDITY REWARDS. stake. Q: Why do Gas Fees increase each time I "Claim HI".

10 Mar 2023, 05:07
LIQUIDITY REWARDS stake.hi.com Q: Why do Gas Fees increase each time I “Claim HI”? An important point to understand, is that you accrue Rewards based on block time, and that those Rewards become Claimable 365 days later. Rewards are calculated based on your percent share of the liquidity pool according to the APY and number of LP tokens that you have staked at any time. The APY fluctuates depending on the number of participants and LP tokens in the pool. With the above in mind - and because of the way the smart contract is written - every time you press “Claim HI” (or call get_reward) the calculation for the amount of rewards to be generated becomes more complex, meaning you will pay higher gas in subsequent get_reward or “Claim HI” calls. To avoid costly gas fees - and many of you have already arrived at this conclusion - our suggestion is therefore that you allow claimable rewards to accumulate rather than withdrawing with high frequency. (1/2)