I used to have STORJ sent straight to Coinbase for conversion to USD. Now I’m trying to evaluate the cost of going through L2 as L1 payments seem to be a thing of the past for the vast majority of SNOs.
I created a MetaMask wallet and linked it to zkSync. Now if I understand correctly I have to do the following to go from L2 STORJ to USD:
- Send L2 STORJ to L1 in my MetaMask wallet, costing $20-$30 (per the calculator in Configuring zkSync Payments - Node Operator)
- Send L1 STORJ from MetaMask to Coinbase by paying the ERC20 transaction fee - again $20 to $30.
- Convert STORJ to USD at Coinbase.
So to bring STORJ to my exchange wallet it would cost $40-$60 at current gas prices.
Are my calculations correct?
I leave to the reader to consider the implications of the new payout policy on SNO viability.