At the current price of ETH I paid $50 worth of ethereum as a gas fees to claim $230 worth of FOX token. Still some profit, but the main thing is gas fees are very high for small fish like me.
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Yes it is a major issue and until they get gas under control banks will always have an edge
I want to actively participate in liquidity farming on eth network, but can't do just because gas fees. I won't able to make profit with this high gas fees.