Simple Summary

This SCCP proposes to update the parameters of the dynamic gas fee module, described in SIP-2003 as per the below:

Parameter	Current	Proposed
profitMarginUSD	2	1
profitMarginPercent	30%	30%
minKeeperFeeUpperBound	15	30
minKeeperFeeLowerBound	1	0.1
gasUnitsL1	30,000	30,000
gasUnitsL2	1.20E+06	1.20E+06

Abstract

Below is a description on the parameters being updated:

• profitMarginUSD is the amount in USD, paid to the keeper on top of cost of execution.
• profitMarginPercent also helps scale the incentive for keepers to execute as the cost of execution rises.
• minKeeperFeeLowerBound is the lowest reward possible paid to the keeper.
• minKeeperFeeUpperBound is the largest reward possible paid to the keeper.

Motivation

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
20	1.08	3.08	2.08
30	1.62	3.62	2.62
50	2.7	4.70	3.70
70	3.78	5.78	4.91
100	5.4	7.40	7.02
150	8.1	10.53	10.53
200	10.8	14.04	14.04
500	27	15.00	30.00

Copyright

Copyright and related rights waived via CC0.