Gas Fee

A gas fee is the transaction fee required to execute an operation on a blockchain. On Ethereum, gas is denominated in gwei (one billionth of an ETH) and varies dynamically based on network congestion — fees can range from a few dollars during quiet periods to hundreds during congestion peaks.

Gas fees are paid in the network's native token (ETH on Ethereum) and are required for every smart contract interaction, including DeFi trades and NFT transactions.

Why it matters for Milo customers

Gas fees come up in two places for Milo customers: (1) transferring crypto into qualified custody for a pledge, and (2) returning crypto to your wallet at loan repayment. Plan for $20-100 in gas costs on Ethereum mainnet transfers; Bitcoin network fees are typically much lower ($2-10).

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