High fees for unshielding ERC20 tokens

The fees for unshielding ERC20 tokens (i.e. DAI or USDT, etc.) are exremely high.

The incognito app is asking for 40 PRV (i.e. 80 USD approx.) to make a transfer outside the incognito app.

The ETH base fee now is just 59 GWEI. Hence, the requested fee of 40 PRV does not make sense.

Please advise the reason, and what is the best way to unshield some ERC20 tokens.

Thanks

Dear @Support team

Can you please clarify how the fees for unshielding ERC20 tokens is calculated by the incognito app?

Thanks,

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Hi @Akil, Our current formula is fee (ETH) = gas_price * gas_limit / decimal, with gas_limit always equal 300000
=> fee (ETH)= 59 *300000 / 10000000 = 0.0177 ETH ~ 73 usd.

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