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Methods of decreasing gas costs #9

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KentonPrescott opened this issue Apr 6, 2020 · 0 comments
Open

Methods of decreasing gas costs #9

KentonPrescott opened this issue Apr 6, 2020 · 0 comments

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@KentonPrescott
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Using back-of-the-napkin calcs, we can estimate gas costs to run the cage-keeper.

Based off of 10k funded Vault ecosystem, let's make the following assumptions of the system state at time of shutdown

Avg Gas Price = 15 GWei
Collateral Types = 3

Flop auctions = 0
Flap auctions = 0
Flip auctions = 1000 (10%)
Underwater Vaults (after yanking auctions) = 2500 (25%) 

Minimum ETH ~= 15 ETH

A couple ways to improve these gas costs:

  1. Discrimination against low-value auctions/vaults
  2. Batching transactions (saves 21k gas per call)
  3. Wait to start the cage-keeper after network congestion dies down.
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@KentonPrescott