What is gas price?

Once the transaction is initiated, you'll need to wait for its validation and inclusion to a block. The average time depends on the network congestion and the amount of gas you’ve paid.

One can also specify the gas price in the settings. This indicator determines how much you’re ready to pay for the gas. The more gas you pay, the faster the transaction will be executed. In some cases speeding up transactions might be useful as it will decrease the risk of slippage.

What happens if gas price is too low?

If the gas price is set too low, then miners may not be incentivized to include the transaction in the block since they can earn more by including transactions with higher gas prices. In this case, the transaction will remain in the mempool (i.e., a pool of unprocessed transactions waiting to be added to the blockchain) until a miner chooses to include it or until it expires.

If a transaction expires, it is reverted and the transaction amount is returned to the user, but the gas fee is burned.

To protect our users from having their transaction reverted due to a gas price that is set too low, we constantly monitor the gas price and limit the gas price that users can set for their transactions to prevent them from being reverted.