/biz/ - Business & Finance

[Anonymous No.28089428]

Goodbye Uniswap

[Anonymous No.28090319]

what is this? the fees look so low

[Anonymous No.28090946]

>>28090319
How does 170usd sound?
>eth/usdc pair

[Anonymous No.28091113]

>>28090946
Pajeets are officially priced out. Based Vitalik

[Anonymous No.28091119]

>>28090319
Gas limit nigger

[Anonymous No.28091200]

>>28090319
>>28090946
LOL

[Anonymous No.28091206]

>>28089428
welcome to ZERO.exchange

[Anonymous No.28091243]

>>28089428
Hello Rubic

[Anonymous No.28091390]

>>28091206
quit shilling this piece of shit

[Anonymous No.28091416]

>>28091243
How does an eth token fix problems associated with being an eth token?

Genuinely curious.

[Anonymous No.28091452]

One Word dexg

[Anonymous No.28091468]

>>28091390
retard here why is it a POS? It looks just like uniswap but with more features, isn't that a good thing?

[Anonymous No.28091525]

Hello BSC. ALL IN JULSWAP OR STAY POOR

[Anonymous No.28091539]

>>28091416
Don't ask questions, just buy so they can dump bags

[Anonymous No.28091577]

>>28091416
They are focusing on L2 solution right now and are planning to finish EOQ1.

[Anonymous No.28091599]

>>28091539
It's not the token itself it's the dex it represents

[Anonymous No.28091686]

>>28091468
It has no liquidity you brainlet. And it only does crosschain swaps with AVAX which no one gives a shit about because there is not DeFi or dApp ecosystem on AVAX. if you want to do worthwhile cross-chain swaps look at Anyswap.

[Anonymous No.28091756]

>>28091686
Doesn't anyswap only provide wrapped tokens though? That's kind of gay

[Anonymous No.28091911]

it's over

[Anonymous No.28091987]

>>28091416
>How does an eth token fix problems associated with being an eth token?
Don’t ask questions.
Just buy Rubic
And hold till you make it.

[Anonymous No.28092056]

>>28091206
>ZERO.exchange
gas fees are still $134 for me

[Anonymous No.28092140]

NEIN NEIN NEIN DER GAS IST ZU HOCH

[Anonymous No.28092208]

>>28091525
Based copyrighted interface

[Anonymous No.28092231]

>>28089428
Stupid thread. Gas fees are due to Ethereum not Uniswap, and those aren't even high fees you must be poor.

[Anonymous No.28092329]

>>28091756
It uses wrapped tokens to bridge between the chains, just like Uniswap uses wETH to transact...

Pic related. Only a matter of time before more chains are added to Fusion's DCRM system. And once it bootstraps enough liquidity it will be a one-stop shop like Uniswap.

[Anonymous No.28092363]

>>28092056
metamask converts values incorrectly when on AVAX

[Anonymous No.28092391]

>>28092231
>>Stupid thread. Gas fees are due to Ethereum not Uniswap,
that's why uniswap will die

[Anonymous No.28092399]

>>28092231
Ok... let's be real. Those are high fees. What's gwei now? 300?

[Anonymous No.28092434]

use 1INCH bro

[Anonymous No.28092525]

Is there a wrapped avax?

[Anonymous No.28092929]

Stakenet solves this problem
end of q1 2021

[Anonymous No.28093090]

>>28089428
I was cursing like a Scott at 200.
RIP indeed
come home to bsc, 6 cent a tx

[Anonymous No.28093275]

>>28092929
One of the only projects not dealing with side-chains that will only end up getting clogged up and expensive anyway.
You can not buy if you don't want to biz but this will be a way better option than anything else currently out there.

[Anonymous No.28093501]

Who do these fees apply to? When I am buying or selling ETH am I paying the fee, aka its included in the price at an exchange?

[Anonymous No.28093594]

>>28091206
>send tokens to bridge
>trade
>retrieve tokens from bridge
You don't save much. Same as with loopring.
L2 solutions are only worth it if you get some utility from leaving them there. Right now its only liquidity farming.

[Anonymous No.28093602]

>he still isn't earning cashbacks with UNDG

I'm begging you anon. DYOR on UniDexGas. You will fucking suck my cock later.

[Anonymous No.28093626]

>>28091113
kek

[Anonymous No.28093851]

>>28093090
>6 cent a tx
10-20 cents when you are dealing with smart contracts in my experience

[Anonymous No.28093914]

Okay I guess I'm still a newfag or I just never really understood how Ethereum works. But can someone explain gwei and gas fees to me? What does it mean that "439 gwei = $15.68" in OP's pic? Because if you try to do a Uniswap transaction with gas set to 439 it costs more like $150.
I got a gas price alert extension for Chrome and I don't understand that either, because I set it to alert me if gas goes below e.g. 100 gwei and it just keeps triggering even though it shows gas at over 400.
So I guess "gas price" isn't an average transaction, but what IS it exactly? What is the relationship between gas price in gwei and the fee you actually end up paying?

[Anonymous No.28094058]

>>28092329
Kek no thanks anon

[Anonymous No.28094208]

Invest in every ETH competitor. ETH will not hold the #2 spot.

[Anonymous No.28094239]

>>28093914
>gwei is the ethereum equivalent of satoshis
>the smallest denomination of ethereum
>one gwei equals 0.000000001 ETH
>validation on the network requires processing power
>those who process the transactions are paid in this fee
t. quite stupid but googled it

[Anonymous No.28094459]

>>28091416
it's an exchange you tard

[Anonymous No.28094461]

>>28093602
you need to invest 5k into this shitcoin to get 20 dollars a day, NOBODY will buy your bags

[Anonymous No.28094494]

>>28093275
you get it. this is why I hate biz sometimes. faggots just fud xsn and want people to stay poor when xsn solves the fee problem and will do more trading volume than Uniswap when it launches.

>>28094208
correct. notice all the "eth killers" that are not ghostchains mooning right now? LUNA and EGLD will eat ETH up for lunch and eth maximalists will long $rope.

[Anonymous No.28094516]

>>28093501
if you hold eth that is the fee that you pay out of your wallet to hold eth every day

[Anonymous No.28094561]

FEES SO STINKY IT MAKES MY DINKY FEEL WINKLY

UH OH NO NO IT'S THE DAWN OF A NEW DAY YET THE BRAP FEES ARE GETTING STINKIER! WHAT IS VITALIK SENPAI EATING? 500 GWEI FOR GASSY TOOT TOOT IN YOUR FACE? OH MY WHAT A BIG BOY. OH NO WHEN WILL THE ANAL LOOPRING USE ITS ROLL UP THE RIM TO WIN TO FIX THOSE LEAKY BRAPS *SNIFFFF* OH MY THAT'S TOO STINKY WINKY.

[Anonymous No.28094669]

>>28094461

Lmfaoooo imagine believing this shit, seems like you didn't DYOR. Also your post reeks of poorfag. 1-2 trades a day is more than enough for a day trader.

[Anonymous No.28094672]

>>28094561
what the fuck son other people can read that

[Anonymous No.28094730]

>>28094516
Do I look like a retard to you?

[Anonymous No.28094761]

>>28094239
Yes, I understand all of that. What I'm not getting is how this relates to what I actually have to pay to make a transaction. If I enter 100 gwei as my gas price, which is supposedly $10, why does Metamask tell me the gas fee is actually $50?

[Anonymous No.28094997]

>>28094730
yes since you don't seem to be able to do a quick google search

[Anonymous No.28095038]

In a year, ETH 2.0 will have solved gas and UNI v3 will have flipped LINK. Screencap this.

[Anonymous No.28095114]

>>28094761
network overload probably means you have to pay more since lots more transactions have to be verified so higher demand for validation, so cost goes up, you can set the gas fee as low as you want but you could be waiting days for it to go through when others will be ahead of you if they have put down a higher transaction fee

[Anonymous No.28095299]

>>28089428
I did 2 trades on uniswap
>app is laggy af
>bugs when connecting to trust wallet
>retarded UI
>dem gas prices

Rule number 1: Dont trade if you're stoned. I'd have never dl'd this ranjeepware in the 1st place ifI was sober

[Anonymous No.28095315]

>>28094461

Also
>buy UNDG when it's low
>let whales accumulate and buy it heaps
>your UNDG stack grows $ value
>you are eligible for more and more cashbacks without buying more

Also your UNDG stack grows as the gas fees are paid back in UNDG so it's a win win.

[Anonymous No.28095443]

Eth has amazing layer 2 solutions already though. Look at SNX. Instant and free transactions using ETH.

It’s a big problem with ETH, but it’s hard to discount that ETHs network is massive compared to every other “eth killer”. I just don’t find it plausible that an eth killer comes around and builds the network that will flip ETH before ETH goes 2.0.

Buy a hedge against ETH, for safety, but I don’t see it failing.

[Anonymous No.28095497]

>>28094459
yes lmao but how do the gas fees magically disappear? it's still running on ethereum if you want to trade ERC-20 tokens

[Anonymous No.28095727]

>>28095443
When is layer 2 for eth set to release? Wasn't it supposed to come out like 5 years ago?

[Anonymous No.28095887]

>>28094672
OH YES I HOPE THEY CAN SMELL IT TOO AT THESE PRICES

[Anonymous No.28095935]

>>28095315
I’m doing this but with enol it’s been trailing undg and bound to reach par.

[Anonymous No.28095957]

>>28095114
No Anon, you don't get what I'm asking. I'm asking why the gwei "gas price" is different from the quoted price using that gas price.
In pic related, OP's pic shows that 439 gwei is $15.68. But if I actually try to use 439 gwei in Metamask, it quotes me 158eur/$190.
So I assume making the transaction actually costs me much more than 439 gwei. But in that case, I don't understand what the 439 gwei gas price is actually referring to. Is there some kind of 'base level' fee that would cost 439 gwei, and then any more complicated transaction on top of that adds further costs? Why do I not just enter the full price I want to pay in gwei (which I guess would be 110,000,000)?

[Anonymous No.28095976]

>>28092329
this is my only long term hold beside of PRQ.

[Anonymous No.28096013]

>>28089428
wait 3-5 months when eip-1599 gets introduced in London fork

[Anonymous No.28096107]

>>28091452
This guy gets it

[Anonymous No.28096171]

>>28091243
>Everyone bitching about gas fees
>Not buying RBC
They're NGMI

[Anonymous No.28096325]

When L2 eth arrives shortly all these assholes will just find something else to panic like old women over. 'twas ever thus, and always will be.

[Anonymous No.28096475]

>>28090946
just spent like 5 bucks to trade my eth for dai on loopring
and most of it was the LP fee

[Anonymous No.28096753]

>>28093914
price you pay = gas price * gas limit
ethgasstation gives you the cost to transfer eth by default (21000 gas limit)
erc20 tokens are more expensive, in the 70k gas limit range IIRC
for more complex smart contract transactions like swaps, even though uniswap is incredibly well optimized you're looking at ~150k gas limit

[Anonymous No.28096849]

>>28096171
>buy RBC
>Get Jeeted

not this time faggot

[Anonymous No.28096896]

>>28096325
L2 is already here anon. numerous solutions. loopring works smooth as butter
lest some brainlet think i'm shilling bags, i hold no LRC and don't see a point in doing so. the product itself works and you don't need its native token

[Anonymous No.28096919]

>>28090946
SCAMMED

[Anonymous No.28096972]

>>28096849
Bought high, sold low?

[Anonymous No.28096989]

>>28090946
PSA for newfags, you can change the gas limit in your wallet. By default, it will set it to a price to process the transaction ASAP; if you put a lower fee limit it may take up to an hour to complete but you can pay less in gas. Don't set it too low though or it'll get stuck

[Anonymous No.28097000]

>>28095957
>>28096753
to answer that particular one, you multiply your 439 gwei by your 253243 gas limit = 111,173,677 gwei, which you can see corresponds to the 0.111174 eth fee you're seeing

[Anonymous No.28097090]

>>28089428
Hello Honeyswap, the xDai exchange

[Anonymous No.28097109]

>>28096896
Why do you think the price of Eth is going through the roof? Do you think it's because no one wants L2 ETH and they're all happy to use something else? I don't.

[Anonymous No.28097118]

>>28096989
you probably mean gas price
NEVER touch gas limit unless you know what you're doing. and even then, it is unnecessary because contracts never use more than the gas they need (any extra is refunded)

[Anonymous No.28097245]

>>28096989
>>PSA for newfags, you can change the gas limit in your wallet
is this it?

[Anonymous No.28097280]

>>28096753
>>28097000
Perfect, that's exactly what I was trying to work out. Thanks!
But since gas limit is called gas *limit*, I always assumed the transaction might not necessarily need to use that much gas... so is the price you're quoted a maximum, or are you basically committing to spending that much no matter what?

[Anonymous No.28097398]

>>28097109
not sure what you're getting at. do you think loopring is not part of ethereum? it is true L2, that is, an offchain solution secured by rollups and transmitting proofs to ethereum L1. rollups are the scaling solution for ethereum. this is not a "tomorrow" thing, it works right now, but normies are slow to adopt anything new

[Anonymous No.28097579]

>>28097280
yes, you have it correctly: it is a maximum, and any extra will be refunded automatically
if you explore your transactions on etherscan right after you send one, you will notice most of your transactions will have gas limits below the maximum (eth transfers excepted, these will always be 21k)
etherscan even makes it easy for you with a "Gas Used by Transaction" right under Gas Limit

[Anonymous No.28097978]

>>28092434
It’s literally the same shit as Uniswap. You’ll save maybe .25%

[Anonymous No.28098023]

>>28097118
>>28097280
>>28097579
Thanks, a lot clearer now. Just one last question. I think I did need to set the gas limit higher for something a few months ago (can't remember what), hence my 250k. So if I set it to 100k, I should be fine for making Uniswap transactions? Don't really want to risk an unsuccessful transaction with gas fees this high but obviously I'd rather not pay more than strictly necessary.

[Anonymous No.28098135]

>>28093851
>10-20 cent for complex smart contracts
Remind me, how much does it cost to approve, stack and unstack in a yfi vault?

[Anonymous No.28098200]

>>28091452
based

[Anonymous No.28098346]

>>28097118
Whoops you are right. Time for my boomer ass to go to bed

[Anonymous No.28098531]

>>28091686
>>28091468
Uniswap having liquidity farming is a really big deal, i don't understand why other exchanges don't do it.