Ethereum

Does anybody hold any non-insignificant amount of their wealth on an Ethereum L2?  If so which one? I created an Arbitrum Safe Wallet, but I'm still hesitant to put any real amount of ETH in there.

It still seems like there's a lot of risk involved with these.

Oh, hi Marx | 
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Ally 🏳️‍🌈

why would you? Ethereum L1 offers the best security guarantees which presumably is the most important factor for where to keep one's wealth.

Because we (Ethereans) keep preaching that L2s are where people will be / should be transacting. Fees are low-ish now, but remember when it was $150-$200 to do anything back in 2021?

There is a difference between transacting and storing wealth though, isn't there? makes sense to transact on a chain / L2 that has the lowest cost and store wealth on a chain that has the highest security guarantees, with cost being largely an irrelevant factor.

not sure I follow ser.. 

if you keep most of your wealth on the mainnet, you wouldn't have to pay those fees.. even at 100 gwei, a simple withdrawal tx from mainnet to a CEX will not cost too much..

if you need to withdraw from an L2 to mainnet once a month, wouldn't going L2 -> CEX -> mainnet be rather cheap?

I agree. I buy and hold 99% of my crypto. Just for example though, Coinbase and Gemini charge protocol fees to withdraw. What happens when gas is like $100-150 again to withdraw to mainnet?

$150 adds up over time. Even if you withdraw just once a month, that's $1800 in fees per year.