The pitfalls of 'averaging down' with stables on-ramp
I learned a hard lesson early on with stablecoin on-ramping for a fintech client: the temptation to "average down" during periods of high network congestion and volatile gas fees can be a real killer. We were trying to onboard a significant amount of $USDT, and with the network acting up, initial transactions were failing or taking forever. Instead of pausing and reassessing, I authorized a series of smaller, repeated transactions to try and push it through, essentially paying peak gas multiple times and blowing through a good chunk of the operational budget just to get the funds settled. It was a classic case of chasing a solution without stepping back to analyze the changing cost basis. The lesson was clear: sometimes the best move is to wait, even if it means a delay in settlement.
That's a very relatable experience. The 'sunk cost fallacy' often kicks in when gas fees are involved, making it hard to walk away from a bad entry point. Did you find a better strategy for handling network congestion for large on-ramps?