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Enhanced Gas UI to improve how EIP-1559 gas fees work with MetaMask
We’ve been monitoring, analyzing and taking your feedback on all things EIP-1559 for MetaMask since it launched in August 2021. Based on what we’ve seen and heard, we have made some changes to improve the experience and accuracy of our gas settings. Watch the video and read below what changes you will find when you start using Extension v10.10.0. These changes will be coming to the Mobile App soon and are opt-in for Extension at launch of v10.10.0. You can opt in under “Settings > Experimental” where you can toggle the button ON“.
Enhanced Gas UI with Extension v10.10.0 (Mobile App changes coming soon)
Changes in Gas Estimates
What has changed: After EIP-1559 launched, we’ve been observing the market and adapting our estimations and UI to account for the dramatic price spikes that still exist on the Ethereum Mainnet due to popular NFT drops and other projects. When editing estimations, we have changed terms from low, medium, high to low 🐢, market 🦊 and aggressive 🦍 respectively:
“Low“ (previously “Low”): is much lower than market prices and it allows a user to pay a lower fee when they are willing to wait a longer time. It allows you to wait a longer period and skip the price spikes (i.e. save money). Note that this setting is based on past trends, which means we can never be sure the transaction goes through. If you require a transaction to go through, this may not be the right setting for you.
“Market“ (previously “Medium”): reflects market prices.
“Aggressive“ (previously “High”): is much higher compared to market prices. It allows you to set a really high max fee and priority fee to increase the likelihood of your transaction being successful if you’re expecting to participate in a gas war.
NOTE: As of the rollout of the EIP-1559 updates on Extension, you will have to opt-in to this new experience. You will see a prompt to opt in, but you can also find it under “Settings > Experimental” where you can toggle the button ON: In the near future we will change this to automatic opt-in.
Why we changed it: We changed this to be more accurate. Before, "Low", "Medium" and "High" were all variations of "market” prices in a way. Now, there is a bigger difference between the various options, "Market" is the current market price. Low means a "Lower than market" which is not always "slow". "Aggressive” is not just high, but really high compared to market rate. Gas estimate changes
Changes in Advanced Settings
In our Advanced Settings, we made two changes:
1. MAX BASE FEE AND PRIORITY FEE SIMPLIFICATION
What has changed: We simplified how to customize the Max Base Fee and the Priority Fee. No more math required to calculate the Max Fee. Hooray!
Why we changed it: For a few reasons:
The first iteration of our EIP-1559 Advanced Settings UI turned out to be a bit too technical and not necessarily relevant for users. The new experience includes more information so it’s easier to make decisions for your priority fee and max base fee.
We know some users spend time checking gas prices with other services. Now, you no longer need to do this: we added some details below the “Max base fee” and “Priority fee” inputs that help you understand the latest gas status. Below you can find what we added and what it means:
Current: Most recent gas fees from the network
Arrow: Trend (up or down from last block)
12hrs: The 12 hour range
2. SETTING YOUR ADVANCED SETTINGS AS YOUR DEFAULT SETTINGS
What has changed: You can now set “Advanced” as your default option and it remembers your last set values to better support users who want to use their custom gas strategy.
Why we changed it: This change will help people pursuing extreme use cases such as NFT drops, yet still optimizing for the everyday transaction by providing network status, clear inclusion time estimates and max gas fees. For users that are mostly using MetaMask Login for aggressive asset buying, you can go directly to the advanced gas option each time saving you several clicks. Advanced Settings changes
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