Anyone else find zkSync too difficult to use? I moved my nodes over to zkSync and now I can’t get the Storj token off to save my life. This is way too difficult and there are zero guides online 
I’m switching all my nodes back to the Ethereum network and paying the stupid gas fee.
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I think a lot of people just use an exchange address. Yes, they understand “not your keys, not your coins”… but they don’t want the STORJ coin: they sell it 15 minutes after they get paid.
But you’re right, the zkSync bonus doesn’t cover the gas/swap fees to do anything useful with your payouts. It only makes sense to me if you’re also paying for Storj space… so you can stack that extra 10% bonus on for free.
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There’s currently 1.2k of TVL in the SyncSwap pool, so for swapping small amounts to ETH you’re fine. But above like $30 or so the only reason you’d use zkSync is because you’re holding onto the token and the small bonus for using the network will eventually cover the gas fee to withdraw the token to L1.
A fairly large number of users here probably just use some CEX/Offramp address instead of an intermediate wallet.
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I send them directly to Binance (L1) and have binance earn enabled. So I can earn some interest while I HODL my Coins.
But yes, many prefer to directly sell the coins or swap them to other coins (can’t blame them)
Yeah, I agree.
There was a phase with the old zksync (lite) where it was possible to do a swap and jump chains and cash out fairly cheaply, but i’m not away of a way to do it with zksync era.
It would be great if we could get there though, get that sweet 3% bonus plus it would save storj a lot on gas fees.
I just checked it because I‘m also holding my STORJ in my own wallet…
Is it true that you get 26.13% interest? 
That Sounds too good to be true…
Interest rate fluctuate but if it says that number then you will get that interest rate.
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It’s just since yesterday. Before it was like 1%
And yes it’s real. I got payed yesterday about 1 StorJ
But I say better get 1% interest than 0%. But keep in mind, there is still a risk, because interest is generated from lending the token to other people.
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That’s how it is done in our banks too. The only real risk is that the exchange stops supporting Storj and forcing users to sell rather than withdraw. This has happened in the past.
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Nice, I already made 1 STORJ in last 3 hours.
It’s more profitable than my nodes 
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If you provide liquidity on DEX might even be more 
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I’ve ran some numbers out of curiosity some time ago and it seems to me that without a tight feedback loop against L1 (i.e., exchanging money swapped by counterparties back on L1 often), providing liquidity means losing money. And the tight feedback loop is limited by the time to withdraw from L2 and costs of L2 withdrawal, meaning at the volume a DEX would be observing even if a significant chunk of node operators was using it, it’s not really worth it unless fees were bigger than Storj’s L2 bonus. I’d love to be proven wrong though.
Dont mean LPing on bridge dont know how it works. I mean LPing on eg uniswap pool. But hey everyone is swapping on binance there is most liquidity. Actually I don’t really understand everyone is paying binance swap fees for a project like this I would rather like to see the community holding LP for Storj and node operators swap with LP then swap fees would stay on community
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Well, I was specifically considering syncswap. It just doesn’t seem like it makes financial sense to provide liquidity there unless the pool has pretty high fees to cover liquidity maintenance.
You usually don’t have to maintain the ratio relative to, say L1. With the classic pool you can just let market forces reach equilibrium for you. It’s more noisy for sure but it will track “real prices” over the long term.
There is the concern of impermanent loss when you want to exit your position. This is usually covered somewhat by incentives, which zkSync had an airdrop awhile ago. I can’t find a reason right now for why someone would want to LP aside from perhaps wanting to be exposed to both STORJ and ETH in a somewhat long term position.
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I don’t see “market forces” working here, not at this kind of volume, and not with this trade imbalance between operators and not really sure whom on the other side.