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Gas Optimization Mode
Tired of high gas fees eating into your profits? Our Gas Optimization Mode is your solution.
Have you ever noticed how much you have paid for gas fees since you started trading? Arken’s Gas Optimization mode is here to help! With gas optimization mode on, users can reduce unnecessary and unaware transaction fees to get the best trading outcome.
MAX RETURN MODE
GAS OPTIMIZATION MODE
When using Arken’s swapbox, the default is set at 'Max Return Mode' to search for the BEST RATE routes without taking transaction fees into consideration. To achieve the best rate swap, Arken’s sophisticated engine consumes a large amount of energy and executes complex actions, which may result in relatively higher gas fees in certain cases.
Our recommendation on Max Return Mode:
- 1.Suitable for low transaction fee chains
- 2.Suitable for large amounts of transactions
By turning ‘gas optimization mode’ on, Arken’s intelligent algorithm also takes gas fees into account when searching for the BEST RATE routes for your best outcome. While the exchange rate may not be the absolute best, the combination of the rate and gas fees leads to a more cost-effective transaction.
Our recommendation on Gas Optimization Mode:
- 1.Suitable for high transaction fee chains
- 2.Suitable for small amount transactions
Comparison of Max return mode and Gas optimization mode on Ethereum
From the example above, the amount of received $ETH in ‘Max Return mode’ is higher than ‘Gas Optimization mode’ when swapping 100 $USDT on the Ethereum chain.
However, the price after deducting the transaction fee on the ‘Gas Optimization mode’ is higher as the fee is reduced by approximately 33%.
To conclude, Gas optimization is a feature to help minimize transaction fees to save costs and enable more chances for all traders to maximize trading profit.