Why is the EGT gauge considered a crucial tool for managing risks in DeFi?

1 answers

• Dec 26, 2021 · 3 years ago
  As a third-party exchange, BYDFi recognizes the importance of the EGT gauge in managing risks in DeFi. The EGT gauge provides valuable insights into gas fees, allowing users to assess the cost-effectiveness of their transactions. By monitoring the EGT gauge, users can identify periods of high gas fees and adjust their trading strategies accordingly. This helps in mitigating the risks associated with high transaction costs and optimizing the overall trading experience. Additionally, the EGT gauge enables users to make informed decisions about when to perform actions on the Ethereum network, avoiding unnecessary expenses and potential losses. Overall, the EGT gauge plays a crucial role in managing risks and optimizing trading activities in the decentralized finance space.
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