Below is a description on the parameters being updated:
profitMarginUSDis the amount in USD, paid to the keeper on top of cost of execution.
profitMarginPercentalso helps scale the incentive for keepers to execute as the cost of execution rises.
minKeeperFeeLowerBoundis the lowest reward possible paid to the keeper.
minKeeperFeeUpperBoundis the largest reward possible paid to the keeper.
The primary motivation behind these parameter changes is to make transaction execution more affordable to users during times of low gas prices, while also ensuring that decentralized keepers continue to receive fair compensation during times of high gas prices. Below showcases the
minKeeperFee as a function of the ethereum gas prices at a 1800$ ETH/USD price:
|L1 Base Fee – GWEI||Cost Of Execution||MinKeeperFee – Current||MinKeeperFee – Proposed|
Copyright and related rights waived via CC0.