Hello! Payouts for the completed month of November are done.
zkSync Era
zkSync Era payments went off without trouble again this month; we paid 495 unique addresses, which is once again the most yet! zkSync Era adopters received a 3% bonus and were paid out if they cleared the minimum payout threshold, which appears to have been at least $0.24.
You can opt into zkSync Era adding the following to your config file:
operator.wallet-features: ["zksync-era"]
or to your commandline:
--operator.wallet-features=zksync-era
Note that you need to update your configuration if you formerly had opted into vanilla zkSync Lite.
Layer 1
For layer 1 payments, we had high gas fees during the payouts cycle this month. We paid 207 unique wallet addresses. We paid everyone who earned $53 or more.
A reminder that the minimum payout threshold is currently set such that fees are not to exceed 25% of the transferred amount. If $53 is too high of a threshold, please consider adopting zkSync Era!
Cost basis tool
Just a reminder that if you want to know the amount of USD a particular storage node payment transaction was considered denominated in, please check out our cost basis tool. You’ll need to enter your payment transaction:
I’m with you. Every time I look into it… I’d lose more than the 3% bonus from the extra steps turning them into cash. Using an exchange L1 address has always won.
Adding any storj that you can (I get that you have to have that same amount in eth) to liquidity pools, like syncswap would help. The more liquidity there is the more interest third parties would have in the coin.
I was wondering why it didn’t come in this month, but it turns out only those who earned over $53 received their payment due to the high gas fees! I guess I’ll have to let this month go and look forward to receiving two months’ worth next month.
I know a way to get USD in the bank for under 1% from L1.
I don’t think there is a way to do better, let alone using L2.
Right. But storj transactions will not benefit from low rates and speed L2 promises in any significant way: the token is intended to be immediately converted to something else, and very infrequently. This explains lack of interest, that results in low liquidity, that further inhibits interest. L2 here is a solution in search of a problem. There simply is no reason to bother with L2 for one transaction per month.
The only interested party here is storj themselves, to save transactions fees, but they cannot participate in the maket, hence L2 won’t happen.
Perhaps I should be clearer - we paid everyone who earned $53 or more, but we also paid people who earned less if the gas fee at the time of transfer was 25% or less. Gas fees fluctuated during transactions, so there are some people who got paid if they earned less than $53, but not everyone who earned less than $53.
Binance did this once. Because they changed something in the system. But they notified everyone way ahead of the change and had a pretty long grace period.
Exchanges always notify about address changes, unsupported coins etc. Is not wild west anymore. And they do this 3 months in advance or more.
It’s easier to reset a forgotten password on exchange, than to recover a lost private wallet… which is usualy imposible.
So unless you plan to hodl for months or years big ammounts of crypto, you should stay on exchanges and not bother with private wallets that have to be kept up to date from trusted sources.
I believe the risq of loosing your founds is bigger with private wallets.
They are verry clear when you create a new address. If you make the sixth one, the oldest is closed. It’s right there in your face, you can’t miss this info. So I don’t see the problem. And I don’t keep changing addresses; what’s the point?
And especialy with Storj token, which is an utility token, why hodl? You just exchange it when you receive it. So the easiest and convenient way for this is to farm it in the exchange address.