17. Assume a token swap at DEX SashimiSwap costs 100,000 gas and the baseFee is currently (in March 2022) 70 gwei/gas. An incoming transaction calling the swap contains the following information: {gasLimit 120,000; priority Fee=10 gwei/gas). Which statement is CORRECT? (Recall 1 ETH= 109109 gwei) A The user gets a refund for 20,000 gas, the protocol burns no ETH B The user gets a refund for 20,000 gas, the protocol burns 0.007 ETH с The user gets no refunds, the protocol burns 0.007 ETH D The user gets no refunds, the protocol burns 0.0084 ETH E The user gets a refund for 20,000 gas, the protocol burns 0.008 ETH
17. Assume a token swap at DEX SashimiSwap costs 100,000 gas and the baseFee is currently (in March 2022) 70 gwei/gas. An incoming transaction calling the swap contains the following information: {gasLimit 120,000; priority Fee=10 gwei/gas). Which statement is CORRECT? (Recall 1 ETH= 109109 gwei) A The user gets a refund for 20,000 gas, the protocol burns no ETH B The user gets a refund for 20,000 gas, the protocol burns 0.007 ETH с The user gets no refunds, the protocol burns 0.007 ETH D The user gets no refunds, the protocol burns 0.0084 ETH E The user gets a refund for 20,000 gas, the protocol burns 0.008 ETH
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please answer fast

Transcribed Image Text:17. Assume a token swap at DEX
SashimiSwap costs 100,000 gas and the
baseFee is currently (in March 2022) 70
gwei/gas. An incoming transaction calling
the swap contains the following
information: {gasLimit 120,000;
priorityFee=10 gwei/gas}. Which statement
is CORRECT? (Recall 1 ETH= 109109 gwei)
A
The user gets a refund for 20,000 gas, the
protocol burns no ETH
В
The user gets a refund for 20,000 gas, the
protocol burns 0.007 ETH
The user gets no refunds, the protocol
burns 0.007 ETH
The user gets no refunds, the protocol
burns 0.0084 ETH
E
The user gets a refund for 20,000 gas, the
protocol burns 0.008 ETH
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education