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How much do you have trapped on L1?

Etherum Reddit

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I know everyone is moving to L2 these days and eth is now the ‘settlement layer’. But for those unfortunate souls who didn’t bridge their funds before EIP1559 - how much do you have trapped on the main chain?

I have ~$1k staked in VISR, earning nothing because they upgraded their contract

~$2k delegated to Matic staking, to a defunct node operator so also earning nothing.

~$3k in UNIV3 liquidity pools that moved out of my liquidity range

~$1-2k in airdrops, staking rewards, liquidity interest, etc. that would cost more to claim than the coins are worth

Worst part is… the fees are not tax deductible. So if I withdraw these to move them I will actually end up not only paying fees but also owing taxes due to apparent gains… meaning I have a loss on pretty much everything.

Don’t get me wrong, I love Ethereum.. but I wish we could have an L2 week or something where they quadruple the block size for a week just to let poor bastards get their funds out of limbo

Anyone else in a similar position?

submitted by /u/mooseman99
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