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by lostmsu 1522 days ago
Isn't USDC a token on Ethereum and some other blockchains? According to this it is 99%+ ETH: https://www.theblockcrypto.com/data/decentralized-finance/st...
2 comments
saurik 1522 days ago
Those charts aren't loading on my phone, but I presume you mean Ethereum (not ETH, which is a currency). This announcement says explicitly that the payouts will occur on Polygon, not Ethereum. Polygon currently has much lower fees than Ethereum (though the same scalability bottleneck inherently exists).
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lostmsu 1522 days ago
Why have you omitted that Polygon is also a layer on top of Ethereum?
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saurik 1521 days ago
Because it doesn't affect the price of using Polygon (and because it is only half true in the first place...) making it entirely irrelevant?
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wollsmoth 1522 days ago
hmm, yeah, wow, I kind of assumed USDC transaction costs would be low, but I'm reading they can be kinda steep like eth.
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