DeGods Holders Express Frustration Over Sky-high ETH Gas Fees
The DeGods NFT project has recently made the transition from being based on Solana to Ethereum, which has garnered the attention of many. Recently, DeGods moved to non-custodial staking, and many holders are expressing frustration with the ETH network's high gas fees when staking their DeGods.
- Author: Illustrious
- Published: April 27, 2023 at 11:58
The DeGods NFT project has recently made the transition from being based on Solana to Ethereum, which has garnered the attention of many. Recently, DeGods moved away from custodial staking to non-custodial staking, and many holders are expressing frustration with the ETH network's high gas fees when staking their DeGods. This dissatisfaction is further fueled by compatibility issues with some Ethereum wallets, leading to multiple transactions and even higher fees.
lol $ETH so wild, so poor I could only unstake 6 gods and now can't even re-stake them, and now all my gods are frozen. I can't even, just over here laughing at this madness. The last time I was on eth was when I spent $400 gas just to wormhole one NFT from eth to sol. now this.
— PixelRainbowNFT.ETH 𝐗+ 🍟 (@PixelRainbowNFT) April 27, 2023
High Gas Fees: A Pain Point for DeGods Holders
Many DeGods holders took to Twitter to vent their frustration with the ETH network's gas fees. User @RagnarDonkbrok tweeted, "having to deal with eth fees, while dealing with phantom issues is super irritating. i despise eth, and i really hate the fact that degods were brought from a dope chain like sol over to a shit one like eth. i dont see the positive here personally. $60 just to restake my gods. L."
Just wasted $50 in gas unstaking/staking to try to get my hexagon @DeGodsNFT PFP, only to find out ledger live isn't recognizing my @phantom multichain eth wallets.
— Jefe (@wtfxjeff) April 26, 2023
Now I have to pay another $50 unstake, send my degod to a recognized eth ledger live wallet.. i hate it here.
Similarly, Jefe shared their experience of spending $50 on gas fees, only to find out that their ETH wallet was not recognized by Ledger Live. The user had to pay an additional $50 to unstake and send their DeGods to a compatible wallet.
A Return to Solana?
The negative sentiment surrounding ETH gas fees has driven some DeGods holders to consider moving their investments back to the Solana network, with holders such as DIP saying that they're bringing their liquidity back to Solana.
Just sold my DeGods and you know that liq is coming back to Solana baby. Fuck gas, what year we in? 2016? Fuck gas.
— DIP📉📈🧃 (@DIPthe2nd) April 27, 2023
Conclusion
The high gas fees on the Ethereum network have left many DeGods holders frustrated and questioning the decision to move the project from Solana to Ethereum. The crypto community is eager to see how the DeGods team and the Ethereum network will address these concerns in the future. While some holders may be looking to move back to Solana, it remains to be seen if DeGods can weather the storm and retain its popularity amidst the gas fee turmoil.