No, these gas prices are not right and usually are something that Metamask just gobbles up whenever a requirement for a transaction is not met. Often this occurs when users try to transfer more tokens than they currently have either staked or in their wallet.

Yeah, once you have DAI in your wallet, the fees should be normalized. With current gas prices deposits are probably around 30 USD? Don't quote me on that tho.

Were you able to fix the issue by depositing DAI in your Metamask wallet? I am having the same issue and I am not proceeding with Alchemix until I can figure out how to get normal gas fees.

I have the exact same issue. Tried borrowing 62 tokens and the gas fees say that it would cost 2200 eth!
I know where to change the gas fees but where can you see the correct amount of Gwei on the Gasnow.org site?

Guys, if metamask suggests absurd transaction fees then you're trying to do something that you can't do; i.e. borrow more than you're eligible to, depositing more than you have in your wallet and so on. It's a warning by metamask telling you that your transaction will fail should you execute it. There's nothing wrong with the gas fees, there's nothing wrong with the contract and it's functions. Please double check on your end that you're not trying to do something you can't.

thequietone1

n4n0 I have tried many was until finally decided to swap and stake ALCX. I was unable to borrow on Alchemix, gas fee was 1k in order to borrow 1k. So there is an issue with metamask, just do not know how to adjust it.
When i go to edit setting for gas fee, then trying to borrow goes idle.

Love this porject, but would love more if i could borrow and not only Farm. If someone helps us with this issue, for sure i will bring money to vault and borrow a load. + Farm

n4n0
I'm not sure what your driving at. I had the same problem. I had $300 USD worth of ETH that could pay for gas fees. I was trying to borrow a very small (250 alUSD) and it told me gas fees were $1017 worth of ETH. Just doesn't seem right

At the time of writing there's literally below 1 alUSD mintable. If you try to mint 250 of those it'll just fail. That's why the transaction cost will be so high as metamask is trying to tell you that what you're trying to do won't work.

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

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?

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