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  • Gas Fee to borrow too high! Is this right?

n4n0
I understand that ... when I was trying there were over 700 alUSD available. If there aren't enough available it won't process the loan to the point where you ever get to Metamask opening up

  • n4n0 replied to this.

    maddogmt it's really hard to remote troubleshoot past events to be honest. All I can do is guess what could've lead to that event. But usually it's a either wrong user input, metamask doing metamask things, or something that'd legit just fail.

    The alETH vault currently shows that there is over 1700 alETH that can borrowed and when I to borrow some.

    The gas fees are off the charts.

    Based on previous posts, does this mean that the amount of actual alETH available is not properly reflected in the UI?

    • n4n0 replied to this.

      onEgyrl the borrowing of alETH has been put on pause temporarily as there is an ongoing issue we're resolving at the moment.

      n4n0 Thank you, i have finally resolve the issue, it was issue with metamask settings.
      Thank you..
      All good, ALCHEMIX looks really really good.

        HAd the exact same issue all day - borrowing ~$2500 of AlETH (before it was stopped as mentioned by n4n0) - Gas fees of $500-600 quoted by metamask

        How did you solve that JRG? Thanks

          I'm having the same issue, trying to deposit about 1 ETH and the gas fee is $457.14. Would someone help me understand how to make gas normal? Or, fix the metamask setting that n4n0 referenced?

          @n4n0 @JRG

          • n4n0 replied to this.

            varsav deposit of ETH and minting of alETH is currently paused, that's why the gasfee is displayed crazy high atm.

            6 days later

            Is the gas fee still extremely high?

            I am trying to deposit about 1000 DAI to Alchemix. But the transaction fee is about $900. Can this be correct or am I doing something wrong?
            Thanks, Manfred

            • n4n0 replied to this.

              Manfred Do you even have the right amount of DAI on your wallet? Because if you don't the transaction will fail and that's why the gas estimate is showing such high numbers.

                n4n0 Hi, and thanks for your reply. Yes, I do have sufficient DAI in my wallet. I noticed I don't have ETH in the wallet. May this be the reason for the high fees? Could be an explanation but it's misleading.

                  Manfred Yes! You need ETH to pay for the transaction costs. If there's no ETH in your wallet, the transaction can not be paid for, thus will not be broadcast to the network.

                  5 days later

                  Did anyone come up with a solution to this issue?

                  1. I deposited Dai from Metamask to Alchemix.
                  2. I have $230 left in Metamask for gas fees.
                  3. When I click the Borrow tab on Alchemix it shows 0.00 available to borrow, but yet my wallet on Alchemix shows it has funds in it.
                  4. When I do type in an amount to borrow, Metamask shows $900+ in gas fees. Any help would be appreciated.
                  5. Also, Alchemix shows plenty of alUSD available to be minted. Please help. I don't know what else to do.

                  Thanks

                  thequietone1 Totally just fixed the issue. It's a Metamask settings issue. You have to reset your activity log in Metamask and then it will work and you'll be able to deposit DAI and then borrow alUSD from it. In Metamask go to: Settings, Advanced, Reset Account.

                  After that it'll work fine. The problem was that my deposit of DAI wasn't fully getting sent to Alchemix. Once you reset the Metamask settings, your deposit will go through, and you'll be able to borrow alUSD against it. Let me know if you have any questions.

                  • JRG replied to this.
                  • JRG likes this.

                    mm0398 Totally just fixed the issue. It's a Metamask settings issue. You have to reset your activity log in Metamask and then it will work and you'll be able to deposit DAI and then borrow alUSD from it. In Metamask go to: Settings, Advanced, Reset Account.

                    After that it'll work fine. The problem was that my deposit of DAI wasn't fully getting sent to Alchemix. Once you reset the Metamask settings, your deposit will go through, and you'll be able to borrow alUSD against it. Let me know if you have any questions.

                    LobsterSavior Totally just fixed the issue. It's a Metamask settings issue. You have to reset your activity log in Metamask and then it will work and you'll be able to deposit DAI and then borrow alUSD from it. In Metamask go to: Settings, Advanced, Reset Account.

                    After that it'll work fine. The problem was that my deposit of DAI wasn't fully getting sent to Alchemix. Once you reset the Metamask settings, your deposit will go through, and you'll be able to borrow alUSD against it. Let me know if you have any questions.

                    Winterstoke Totally just fixed the issue. It's a Metamask settings issue. You have to reset your activity log in Metamask and then it will work and you'll be able to deposit DAI and then borrow alUSD from it. In Metamask go to: Settings, Advanced, Reset Account.

                    After that it'll work fine. The problem was that my deposit of DAI wasn't fully getting sent to Alchemix. Once you reset the Metamask settings, your deposit will go through, and you'll be able to borrow alUSD against it. Let me know if you have any questions.

                    Manfred Totally just fixed the issue. It's a Metamask settings issue. You have to reset your activity log in Metamask and then it will work and you'll be able to deposit DAI and then borrow alUSD from it. In Metamask go to: Settings, Advanced, Reset Account.

                    After that it'll work fine. The problem was that my deposit of DAI wasn't fully getting sent to Alchemix. Once you reset the Metamask settings, your deposit will go through, and you'll be able to borrow alUSD against it. Let me know if you have any questions.