Klaytn
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Klaytn

Gas Price Adjustment Announcement

For the last several months, the Klaytn team and the community have come a long way in identifying the spam transaction issue, applying technical mitigation measures, and building a consensus through surveys and AMAs.

Based on the support from our community, the Klaytn team is happy to announce the gas price adjustment plan including the adjusted gas price, gas fee burn policy, schedule, and notice for the dApp developers as shown below.

Adjusted gas price

  • 750 ston

Gas fee burn policy (short-term)*

  • The net difference (750 ston — 25 ston = 725 ston) will be burned by getting sent to the burn address 0xdead.
  • Burned gas fees will be publicly announced via Medium on a regular basis

*This short-term policy will remain in place until a new gas fee burn mechanism is introduced.

Schedule

  • Baobab: March 3rd (02:13:43, UTC+9, block number : 84672000)
  • Cypress: Mid of March (subject to change)

Notice for the DApp developers

  • DApps should be modified to set the gas price to 750 ston instead of 25 ston or use the return value of “klay_gasPrice” API. Otherwise, the transaction cannot be submitted to the network. An error may occur if the source code includes a hard-coded logic related to the gas price.
  • The transaction pool will be flushed when the gas price change is effective on a node.
  • If you have any questions, please contact the Klaytn team through our Discord or Klaytn Forum.

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