Our aims in helping you navigate network fees
We want to align:
- Smooth user experience.
- Long-term economic sustainability.
- Transparency on current network fees.
- Incentives to minimize Ethereum network congestion.
It's important to note that we do NOT profit from network fees.
What is a network fee (gas)?
Gas is a variable fee, paid in ETH, for computational power on Ethereum. Every transaction that happens on Ethereum requires network fees (gas). This includes investing in, and withdrawing from, the Dapps Argent has integrated. The network fee is paid to 'miners' who help to process and secure what happens on Ethereum. You can read a fuller explanation here.
Currently, the following features are free (no network fees)
- Security, such as adding a Guardian or changing your daily limit (these are all on-chain transactions that require network fees, as our security model is blockchain-based)
- Dai Savings Rate (subsidized by Maker)
The following need gas to be paid
- Transfers of ETH, ERC20 tokens and collectibles
- Uniswap V2
- In-app token trading with Kyber
How to see what network fees you're paying?
What tokens can I pay the network fees in?
Some features require only ETH for network fees; for others you can pay them in a range of ERC20 tokens, which we then exchange for ETH under the hood. These ERC20 tokens include: ETH, ZRX, BAT, REP, DAI, USDC, USDT or WBTC.
- Network fees paid in only ETH: Aave, Set, Uniswap V2, WalletConnect, Compound.
- Network fees paid in ETH or ERC20: Transfers, Kyber (our in-app exchange)
Over the coming weeks we'll help you to pay for a wider range of features in ERC20 tokens, not just ETH.
Does Argent profit from network fees?
Do failed transactions still require network fees?
Yes, unfortunately this is the case for every Ethereum project. To minimize the risk of failed transactions we automatically pick the gas price required based on current network conditions, as mentioned earlier.
Abuses of the policy
Argent reserves the right to stop subsiding network fees for users who abuse our relayer service, for example by using free transactions through Argent to mint gas tokens.