Escaping high gas fees using Loopring

Escaping high gas fees using Loopring

By Henrycn | What matters | 20 Jan 2021


Hi, am back again with the issue of gas fees.

I have written a content on how to escape high gas fees using Binance (BEP2 - FTX) free exchange and no gas fees discovered-technic.

and now there is another way-out using Gemini & Loopring ..

my explanation are based on Cel token exchange, because I use Celsius app as my extra money generating wallet, you can Join Celsius Network using my referral code 15248525eb when signing up and earn $20 in BTC with your first transfer of $200 or more! 

How it's done.

* Send ETH from Gemini to my MetaMask wallet (free, tnx twins)


* Connected MetaMask to Loopring


* Deposited ETH to L2. Under $4 at 44 Gwei gas


* Swapped ETH to CEL. 0.25% fee, a hair

cheaper than Uniswap. This L2 swap had NO gas fee


* Sent a test amount of CEL to Celsius wallet. (Withdraw L2->L1, not transfer!). FREE.


* At Loopring got a tiny bag of LTC by swapping ETH


* Provided a very small amount of Liquidity to ETH-CEL to keep it cheap for Celsians 

In short, bought CEL for less than $4 in fees. That's it.

 

 

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Henrycn
Henrycn

I'm a content creator, I love creativity, its what I do. *Publish0x💯 Tweet follow @ithenrycn


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