diff --git a/404.html b/404.html index 40db25921..21c0d3bd6 100644 --- a/404.html +++ b/404.html @@ -4,7 +4,7 @@ Lisk Documentation - + diff --git a/assets/js/0eafa1eb.f091bae4.js b/assets/js/0eafa1eb.f091bae4.js new file mode 100644 index 000000000..0894e0d1e --- /dev/null +++ b/assets/js/0eafa1eb.f091bae4.js @@ -0,0 +1 @@ +"use strict";(self.webpackChunklisk_docs=self.webpackChunklisk_docs||[]).push([[68],{7553:(e,t,s)=>{s.r(t),s.d(t,{assets:()=>c,contentTitle:()=>a,default:()=>d,frontMatter:()=>o,metadata:()=>r,toc:()=>h});var n=s(5893),i=s(1151);const o={title:"Fees",sidebar_position:1,slug:"/fees",description:"Documentation about network fees on Lisk. 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t={a:"a",admonition:"admonition",h1:"h1",h2:"h2",li:"li",ol:"ol",p:"p",strong:"strong",ul:"ul",...(0,i.a)(),...e.components};return(0,n.jsxs)(n.Fragment,{children:[(0,n.jsx)(t.h1,{id:"fees",children:"Fees"}),"\n",(0,n.jsxs)(t.p,{children:["Fees on Lisk Mainnet are, for the most part, significantly lower than on the L1 Ethereum network.\nThe low transaction fees can be provided because Lisk is a ",(0,n.jsx)(t.a,{href:"https://ethereum.org/en/developers/docs/scaling/optimistic-rollups",children:"Layer 2 optimistic rollup"})," network."]}),"\n",(0,n.jsx)(t.h2,{id:"how-are-fees-on-lisk-calculated",children:"How are fees on Lisk calculated?"}),"\n",(0,n.jsxs)(t.p,{children:["Every Lisk Mainnet transaction has two costs: An ",(0,n.jsx)(t.strong,{children:"L2 execution fee"})," and an ",(0,n.jsx)(t.strong,{children:"L1 data fee"}),".\nAt a high level, the L2 fee is the cost to execute your transaction in L2 and the L1 fee is the estimated cost to publish your transaction on L1 (in a rollup batch)."]}),"\n",(0,n.jsxs)(t.ul,{children:["\n",(0,n.jsxs)(t.li,{children:["\n",(0,n.jsxs)(t.p,{children:[(0,n.jsx)(t.strong,{children:"L2 Execution Fee"}),":\nA transaction's execution gas fee is exactly the same fee that you would pay for the same transaction on Ethereum.\nThis fee is equal to the amount of gas used by the transaction multiplied by the gas price attached to the transaction.\nLike Ethereum, Lisk Mainnet uses the ",(0,n.jsx)(t.a,{href:"https://eips.ethereum.org/EIPS/eip-1559",children:"EIP-1559"})," mechanism to set the ",(0,n.jsx)(t.a,{href:"https://ethereum.org/en/developers/docs/gas/#base-fee",children:"base fee"})," for transactions (although with ",(0,n.jsx)(t.a,{href:"https://docs.optimism.io/chain/differences#eip-1559-parameters",children:"different parameter values"})," compared to Ethereum).\nThe total price per unit gas that a transaction pays is the sum of the ",(0,n.jsx)(t.a,{href:"https://ethereum.org/en/developers/docs/gas/#base-fee",children:"base fee"})," and the optional additional ",(0,n.jsx)(t.a,{href:"https://ethereum.org/en/developers/docs/gas/#priority-fee",children:"priority fee"}),"."]}),"\n",(0,n.jsxs)(t.p,{children:["Because Lisk Mainnet is EVM equivalent, the ",(0,n.jsx)(t.strong,{children:"gas used"})," by a transaction on Lisk Mainnet is ",(0,n.jsx)(t.strong,{children:"exactly the same"})," as the gas used by the same transaction on Ethereum.\nIf a transaction costs 100,000 gas on Ethereum, it will cost 100,000 gas on Lisk Mainnet.\n",(0,n.jsx)(t.strong,{children:"The only difference is that the gas price on Lisk Mainnet is much lower"})," than the gas price on Ethereum so you'll end up paying much less in ETH."]}),"\n",(0,n.jsxs)(t.p,{children:["For this component of the fee, you can estimate the total cost of a transaction using the same tools you would use to estimate the cost of a transaction on Ethereum.\nYou can read more about how Ethereum's gas fees work over on 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is:"}),"\n",(0,n.jsxs)(t.ol,{children:["\n",(0,n.jsx)(t.li,{children:"The wallet estimates the cost of the transaction."}),"\n",(0,n.jsx)(t.li,{children:"The user then submits the transaction."}),"\n",(0,n.jsxs)(t.li,{children:["The sequencer processes the transaction in two phases.","\n",(0,n.jsxs)(t.ul,{children:["\n",(0,n.jsx)(t.li,{children:"First, it processes the transaction."}),"\n",(0,n.jsx)(t.li,{children:"Then, it deducts the gas cost, based on the L1 and L2 gas prices at that time."}),"\n"]}),"\n"]}),"\n",(0,n.jsx)(t.li,{children:"After that, the transaction is written to L1."}),"\n"]}),"\n",(0,n.jsx)(t.p,{children:"After step 3, the finality of the transaction is Lisk's responsibility.\nIf the L1 gas price spikes, Lisk pays the new cost.\nAlso, the cost of L1 gas could increase between steps 1 and 3, it is only updated every five minutes and it does not change by more than 25%.\nSo at most, the user will pay 25% more than expected."})]})}function 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a/category/about-lisk.html b/category/about-lisk.html index 5026d0592..102a9c015 100644 --- a/category/about-lisk.html +++ b/category/about-lisk.html @@ -4,10 +4,10 @@ About Lisk | Lisk Documentation - + -

About Lisk

A short introduction to Lisk.

+

About Lisk

A short introduction to Lisk.

\ No newline at end of file diff --git a/category/building-on-lisk.html b/category/building-on-lisk.html index 268f6286d..544bdd444 100644 --- a/category/building-on-lisk.html +++ b/category/building-on-lisk.html @@ -4,7 +4,7 @@ Building on Lisk | Lisk Documentation - + diff --git a/connecting-to-a-wallet.html b/connecting-to-a-wallet.html index 6188dd1cf..5f2f7b210 100644 --- a/connecting-to-a-wallet.html +++ b/connecting-to-a-wallet.html @@ -4,7 +4,7 @@ Connecting to a wallet | Lisk Documentation - + diff --git a/fees.html b/fees.html index b8b50d629..a2bfc8433 100644 --- a/fees.html +++ b/fees.html @@ -3,8 +3,8 @@ -Fees | Lisk Documentation - +Fees | Lisk Documentation + @@ -12,27 +12,29 @@

Fees on Lisk Mainnet are, for the most part, significantly lower than on the L1 Ethereum network. The low transaction fees can be provided because Lisk is a Layer 2 optimistic rollup network.

How are fees on Lisk calculated?​

-

Every Lisk Mainnet transaction has two costs: An L2 execution fee and an L1 security fee. +

Every Lisk Mainnet transaction has two costs: An L2 execution fee and an L1 data fee. At a high level, the L2 fee is the cost to execute your transaction in L2 and the L1 fee is the estimated cost to publish your transaction on L1 (in a rollup batch).

    -
  • L1 Security Fee/L1 Data Fee: is charged as transaction_gas_price_l1 * gas_used * l1_fee_scalar. -It is deducted automatically from the user's ETH balance on Lisk Mainnet. -It is based on three factors that are multiplied together: -
      -
    • The gas price for processing the transaction on L1.
      • -
    • The gas used on L1 to publish the transaction. This is based on the transaction length, as well as the byte value (whether it is zero or a different value) for each byte.
      • -
    -
      -
    • The L1 fee scalar at the time of writing this is 1. -You can see the current value in the GasPriceOracle contract. -Take the value provided by the contract and divide it by a million.
      • -
    +
  • +

    L2 Execution Fee: +A transaction's execution gas fee is exactly the same fee that you would pay for the same transaction on Ethereum. +This fee is equal to the amount of gas used by the transaction multiplied by the gas price attached to the transaction. +Like Ethereum, Lisk Mainnet uses the EIP-1559 mechanism to set the base fee for transactions (although with different parameter values compared to Ethereum). +The total price per unit gas that a transaction pays is the sum of the base fee and the optional additional priority fee.

    +

    Because Lisk Mainnet is EVM equivalent, the gas used by a transaction on Lisk Mainnet is exactly the same as the gas used by the same transaction on Ethereum. +If a transaction costs 100,000 gas on Ethereum, it will cost 100,000 gas on Lisk Mainnet. +The only difference is that the gas price on Lisk Mainnet is much lower than the gas price on Ethereum so you'll end up paying much less in ETH.

    +

    For this component of the fee, you can estimate the total cost of a transaction using the same tools you would use to estimate the cost of a transaction on Ethereum. +You can read more about how Ethereum's gas fees work over on Ethereum.org.

    +
    • +
  • +

    L1 Data Fee: The L1 Data Fee is automatically charged for any transaction that is included in a Lisk Mainnet block. +This fee is deducted directly from the address that sent the transaction. +The exact amount paid depends on the estimated size of the transaction in bytes after compression, the current Ethereum gas price and/or blob gas price, and several small parameters.

    +

    The L1 Data Fee is most heavily influenced by the Ethereum base fee that is continuously and trustlessly relayed from Ethereum to Lisk Mainnet.

    • -
  • L2 Execution Fee: is charged as transaction_gas_price_l2 * gas_used. -The transaction_gas_price_l2 is composed of two components: a base fee and a priority fee because Lisk is EIP 1559 compliant (although with different parameter values compared to Ethereum). -Similarly to the L1 gas price, the L2 gas price can increase and decrease depending on how many transactions are being submitted to the L2.
-
tip

It is currently not possible to limit the maximum L1 Data Fee that a transaction is willing to pay.

For more information about transaction fees, please check the Optimism Developer Docs > Transaction Fees

+
note

It is currently not possible to limit the maximum L1 Data Fee that a transaction is willing to pay.

For further information about transaction fees, please check the Optimism Developer Docs > Transaction Fees

How do fluctuation in gas price on Ethereum (L1) affect transaction costs on Lisk (L2)?​

The L1 fee will vary depending on the amount of transactions on the L1. If the timing of your transaction is flexible, you can save cost by submitting transactions during periods when gas prices on L1 are lower than usual for example, over the weekend.

diff --git a/index.html b/index.html index 051b604c4..58f7e802c 100644 --- a/index.html +++ b/index.html @@ -4,7 +4,7 @@ Tutorial Intro | Lisk Documentation - + diff --git a/markdown-page.html b/markdown-page.html index bfc65a5b4..410b2533a 100644 --- a/markdown-page.html +++ b/markdown-page.html @@ -4,7 +4,7 @@ Markdown page example | Lisk Documentation - +