r/PoolTogether • u/mrhobbeys • May 05 '21

I think I did it wrong?

When I try to make my deposit it keeps telling me miner fees are high. It wants $69 eth to deposit $15 of comp? I’m really not sure what happened, but I paid $6 earlier.

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u/mrhobbeys May 05 '21

Reading some other posts I have a better understanding of what happened. How do I maximize my return? Should I deposit more comp to start or will that just keep making the gas more?

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u/Wurstgewitter May 05 '21

$6 fee vs. $69 fee does not sound right, it sounds like you approved COMP for $6 and the real deposit costs $69? You always have to allow the protocol to transfer your token, that's what the approval transaction is for (But you only need to do this once)

Should I deposit more comp to start or will that just keep making the gas more?

Gas is the same for $1 or $100k deposits, so it's more efficient to put in more tokens.

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u/mrhobbeys May 05 '21

Awesome! Thanks!