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The transaction fees on Ethereum do not scale with the amount of money moved, where if there was a way to apply different amounts of security to them, they should.
That's where cheapETH comes in. It's just as capable of doing all the same compute and contract operations, but it's not capable of securing all the value. It's a home for fast in and out high value, lower value, or no value transactions. We estimate 99% of the Ethereum transactions require nowhere near the security of the entire Ethereum blockchain, yet they all pay for it and get it every time. cheapETH lets you not pay for it if you don't need it.