Incredible decision and maybe even worse roll-out communication wise. Less than 10 hours after this post the effect of the gwei raise (by 3000%) the costs for minting a NFT ticket increased 30 fold (averaged). This increased the ‘blockchain costs in USD’ of our NFT ticketing drastically. We have issued more than 300 000 NFT tickets ( receipts here https://explorer.get-protocol.io/) over the last 2.5 months. With this volume this new policy adds up(especially as we are ramping up). To be clear, we have enough margin on our product to make it work for the DAO and our clients, however the fact Polygon is a blockchain solution that can in a blink increase our cost base 30 fold shakes our thesis in choosing Polygon for our NFT ticketing.
We are not spamming. Our relayers operate a NFT ticketing business(GET Protocol - https://www.get-protocol.io/) over the last 3 months we have issued 300 000 NFT tickets for ‘main stream’ clients using Polygon. Tickets like these: https://opensea.io/assets/matic/0x2055244a719229d669488e389388f2d653a452f4/31354 and here in our own explorer: https://explorer.get-protocol.io/ticket/31354 these are tickets held by users, no spam at all, just actual real world adoption…
I am a developer myself, a few months ago we worked together on resolving a tx-propagation issue on the polygon nodes. So I have quite deep understand of Geth, making me wonder; what is the logic behind increasing it with 30 times at once? Why not incrementally increase it until the result of less spam transactions is achieved? What other options where considered? Why did the changes need to go in effect immediately? The network was incredibly stable for the last 3/4 weeks, what was the trigger (that made you 10x the gwei)? Why didn’t power users like me notice this (I assume significant trigger event/phenomenon) as we mint 10-40 000 NFTs a day?
I hope I can get some good solutions and context on what went down here and what the future holds (more gwei raises?). Our protocol is built incredibly agnostic and we are able to still have our protocol work and have already issued tickets remain operational/valid even if we migrate blockchains(something we do not want, but if this can happen at any moment, we are forced to consider).
I was (and I guess I still am) a huge Polygon proponent but these events have absolutely shocked my thesis. I hope this doesn’t mean we’ll have to spit ways.