Wonder why your transaction cost changes every time you DeFi?

Then you’re gonna need to know about gas.

Fill up your tank on this infographic built with our friends @ApyVision @DeFi_Dad to get extra mileage from your gas usage!

https://medium.com/apy-vision/a-guide-to-gas-prices-in-defi-8567912615ca

First off... What. Is. Gas?

Gas fuels the Ethereum network, rewarding the miners who process transactions so your favorite DeFi projects can thrive.

The formula for gas: [computational cost]x[current gas price]

The higher the gas price, the higher priority miners will give to your transaction.

Think about all the work your favorite DeFi protocol is doing under the hood. Each one has its own unique logic and transactional cost to operate.

No wonder the gas cost for different operations and protocols vary so drastically:

DeFi Power Move Alert: On Uniswap, save up to 20% on gas costs by choosing to receive WETH when entering or exiting a liquidity pool.

Or follow one of these other helpful tips!

Want more tips to jumpstart your gas prowess?

- Use http://Gasnow.com  or @zapper_Fi’s Gas Meter to monitor gas prices
- When you provide liquidity, track historical gas spend with @APYVision.
- If your transaction goes through immediately you’re overpaying for gas

- If you see an error that says "out of gas" before performing a transaction, it's most likely because some preconditions have not been met and the transaction will most likely fail.
- Consider lowering gas price when performing operations that are not time sensitive.

You can also use Yam Finance’s $uGAS token on #DegenerativeFinance to hedge and speculate on gas spend. Or earn high APY on your ETH for minting and LPing uGAS.

See below for a simple hedging strategy!

Feel like you’re in the driver’s seat now on how to best use gas on Ethererum?

Dive deeper for even more insight: https://medium.com/apy-vision/a-guide-to-gas-prices-in-defi-8567912615ca

Or say hello to authors over at @APYVision, @DeFi_Dad, or us on our discords!