Hi,
I am trying to use the ribbon.finance products. I setup the coinbase wallet app in chrome browser and transferred what I thought would have been $100 worth of USDC but that came out $65 worth of USDC after fees.
When I go to deposit USDC into the ribbon.finance contract that I linked above, I have to approve the wallet, where I get a notice that network fees exceed almost entire balance in the wallet.
At this point I am stuck. I cant withdraw back to coinbase account where I bought the USDC because the network fees exceed amount in the wallet.
My questions are:
- If I want to deposit USDC into ribbon theta vault product (linked above), do I need to keep depositing USDC into my coinbase chrome wallet till network fees are satisfied?
1a. If I want to withdraw back to the original coinbase address, why is this not free? its coinbase to coinbase.
- What is the point of using ETH if the fees are so high for a newbie like myself?
Thank you in advance.
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