Uniswap fees, and Ethereum fees in general are way too high, the most common complaint is how expensive it is to trade at Uniswap - it's out of control.
Unfortunately Uniswap is so popular it's leading to 24/7 high Ethereum network congestion - which means high gas fees, which is something you can do very little about.
But You Can Make Your Trade SMARTER, More Efficient - and That Lower Your Gas Fees...
This is where 1inch comes in. It's a DEX (decentralized exchange) aggregator that draws liquidity from various exchanges and is able to split a trade between multiple exchanges. With the smart transaction technology, their aggregator allows users to optimize their trading.
 |
| When an aggressor shops multiple deals, the customer gets the best one. |
1inch's Pathfinder, an API that includes a detection and routing algorithm, finds the best possible route for a token swap, splitting a swap across multiple exchanges or markets on the same exchange. As a result, the exchange rate that a user receives is better than what they would have received in a single exchange.
Plus: Limit Orders on Uniswap?!
Basically, yes!
Currently if you're day trading on Uniswap you can't afford to look away for more than a few minutes.
With 1inch limit orders you can set the price you want to buy or sell a coin at, what date you want that bid to expire, and walk away.
I Often Hear 'Can I trust 1inch? This is the first I've heard of it.'
I've noticed a surprising amount of people I mention 1inch to haven't heard of it yet - but yes it is legit, you'll find lots of the pro traders swearing by it, and their daily volume shows it - currently over $200 million USD per day!
Visit 1inch at http://1inch.exchange
-------
Author: Oliver Redding
Seattle Newsdesk
Author: Oliver Redding
Seattle Newsdesk
No comments
Post a Comment