The transaction costs paid to network validators for executing operations on a blockchain.
The transaction costs paid to network validators for executing operations on a blockchain. Because Lygos Finance operates on the Bitcoin base layer, users pay standard network fees rather than the unpredictable and exorbitant gas fees often associated with complex DeFi ecosystems.
Gas fees compensate miners or validators for the computational energy required to process and validate transactions or smart contracts. During periods of high network congestion, gas fees can spike dramatically, making small transactions economically unviable. Different blockchains have drastically different fee structures depending on their architecture.
Because Lygos Finance operates on the Bitcoin base layer, users pay standard network fees rather than the unpredictable and exorbitant gas fees often associated with complex DeFi ecosystems.
Understanding Gas Fees provides context for how Bitcoin lending fits into the broader financial ecosystem. DeFi concepts are reshaping how people think about borrowing and lending.
Starting at 10% APR, $0 origination fees, and DLC-secured collateral on the Bitcoin blockchain.