Gas in the Steer Cloud
All state changing transaction on the blockchain require gas--a fee payed to the miners of the transaction. Steer's robust execution environment of applications allows for anyone to create automated on chain actions. These actions will require gas, and so an instance of an app will have an associated gas vault. This vault will hold the blockchain's native currency and will be used to reimburse the Steer nodes who process the transaction.
View Gas Balance and Estimated Executions
When viewing a Smart Pool vault page, you can find inforamtion around the gas health by hovering over the 'Next Execution'
This will output the:
- Remaining gas balance of the vault
- Estimated executions remaining
- Health percentage
The estimated executions is based on average gas consumptions for a rebalance. In reality this may be more or less depending on how many positions are used, or if there is any swapping involved. When the gas balance is too low to successfully achieve an execution, the Smart Pool will stop rebalancing. You will see a warning symbol when this is the case:
This will also show the threshold for execution which is determined by the strategy associated with the vault.
Smart Pools with frequent executions and multiple positions will consume gas much faster and require consistent health checks.
After selecting the button to fund gas you will be prompted with various estimated execution sizes to deposit. We encourage everyone who participates and benefits from a Smart Pool to help fund the gas vault to share the costs of making DeFi a more efficient place. Gas is not withdrawable, so only deposit what you are willing give to the vault.
We don't recommend funding large sums of gas for a vault, as gas is unwithdrawable in this current version. Instead we recommend adding enough gas for a few weeks and regularly checking on the health of the vault.
Contract Reference
For additional information regarding the gas vault and surrounding architecture, see the contract docs.