diff --git a/src/blockchain/deposit_strategy/curated_module.py b/src/blockchain/deposit_strategy/curated_module.py
index bb51a2e2..9e0645ed 100644
--- a/src/blockchain/deposit_strategy/curated_module.py
+++ b/src/blockchain/deposit_strategy/curated_module.py
@@ -55,7 +55,7 @@ def _calculate_recommended_gas_based_on_deposit_amount(self, deposits_amount: in
         # For one key recommended gas fee will be around 10
         # For 10 keys around 100 gwei. For 20 keys ~ 800 gwei
         # ToDo percentiles for all modules?
-        recommended_max_gas = (deposits_amount ** 3 + 100) * 10 ** 8
+        recommended_max_gas = (deposits_amount ** 2 + 100) * 10 ** 8
         logger.info({'msg': 'Calculate recommended max gas based on possible deposits.'})
         GAS_FEE.labels('based_on_buffer_fee', self.module_id).set(recommended_max_gas)
         return recommended_max_gas
diff --git a/tests/blockchain/deposit_strategy/test_curated_module.py b/tests/blockchain/deposit_strategy/test_curated_module.py
index 2f518ddb..bcc968a8 100644
--- a/tests/blockchain/deposit_strategy/test_curated_module.py
+++ b/tests/blockchain/deposit_strategy/test_curated_module.py
@@ -45,7 +45,7 @@ def test_get_possible_deposits_amount(cmds):
 @pytest.mark.unit
 @pytest.mark.parametrize(
     "deposits,expected_range",
-    [(1, (0, 20)), (5, (20, 100)), (10, (50, 1000)), (100, (1000, 1000000))],
+    [(1, (0, 20)), (5, (10, 30)), (10, (20, 50)), (100, (1000, 1000000))],
 )
 def test_calculate_recommended_gas_based_on_deposit_amount(cmds, deposits, expected_range):
     assert expected_range[0] * 10**9 <= cmds._calculate_recommended_gas_based_on_deposit_amount(deposits) <= expected_range[1] * 10**9