Many Bitcoin transactions are currently getting stuck due to low inclusion fees. Some have been open for 8+ hours and have estimated inclusion times of 24+ hours. Current inclusion estimates say that 19 sat/vB should be included in an hour. However anything below that (5 redeem requests at time of writing) might take a day or longer. It is not clear why Vaults are spending too little on fees but it is possible that the ongoing market volatility is playing a role.

In order to prevent honest Vaults from being slashed / banned we should fast-track this proposal to increase the timeouts from 24 to 48 hours (on the assumption of 12s block times - in reality this will be longer).

The team will continue to investigate future mitigations such as the replace-by-fee mechanism.