Uniswap discussion

[ije07]

I might be asking a silly question, but I'm a newbie uniswap user and havent found an answer on the following question.

When I wish to swap tokens on uniswap (or 1ich), first I need to "approve" tokens (or unlock on 1inch), then send them to uniswap, uniswap will swap it and send me tokens back. This is 3 actions, 3 transaction commissions to pay.

This "approve" is described in Metamask as "Do you trust this site? By granting this permission, you’re allowing http://Https://app.uniswap.org to withdraw your token and automate transactions for you.". For me, approve looks the same as send, based on description. I just dont understand why I must send 2 times tokens...

yes it is true, if you want to make transactions or exchange coins on DEX platforms such as uniswap, 1inch, mooniswap and other popular DEX. it requires several processes as you already know for yourself above. and the initial stage may be that the gas fee for swaps is still standard, but the last stage is the stage where there must be an agreement but if your wallet does not have eth fees for gas then the final process cannot be done and also the final swap fee is more expensive than before

in other cases i have swapped on uniswap, and there is not enough eth fee for the final process. So I decided to cancel the process and I thought of losing the initial gas. but after I tried to do it again after there was additional gas, the initial gas costs did not disappear and automatically I just added the amount of gas shortage to complete the last stage process.

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[electronicash]

I might be asking a silly question, but I'm a newbie uniswap user and havent found an answer on the following question.

When I wish to swap tokens on uniswap (or 1ich), first I need to "approve" tokens (or unlock on 1inch), then send them to uniswap, uniswap will swap it and send me tokens back. This is 3 actions, 3 transaction commissions to pay.

This "approve" is described in Metamask as "Do you trust this site? By granting this permission, you’re allowing http://Https://app.uniswap.org to withdraw your token and automate transactions for you.". For me, approve looks the same as send, based on description. I just dont understand why I must send 2 times tokens...

yes it is true, if you want to make transactions or exchange coins on DEX platforms such as uniswap, 1inch, mooniswap and other popular DEX. it requires several processes as you already know for yourself above. and the initial stage may be that the gas fee for swaps is still standard, but the last stage is the stage where there must be an agreement but if your wallet does not have eth fees for gas then the final process cannot be done and also the final swap fee is more expensive than before

in other cases i have swapped on uniswap, and there is not enough eth fee for the final process. So I decided to cancel the process and I thought of losing the initial gas. but after I tried to do it again after there was additional gas, the initial gas costs did not disappear and automatically I just added the amount of gas shortage to complete the last stage process.

it processes several transactions. if you follow the trail you can actually see how the transaction goes, it could include the DAI and then your ETH and the exact reason why the high fees in doing it on uniswap. it's a good platform especially if you have a fresh ETH wallet address that you don't have to submit KYC with it. i think this is also the reason why many are trying to play on uniswap.

[fortebettor]

Does the commissions here always depend on the eth siege? Does it mean that it will only get worse if the eth gets bigger?

[Branko]

Does the commissions here always depend on the eth siege? Does it mean that it will only get worse if the eth gets bigger?

I really hope this takes over soon, because of lower fees

https://twitter.com/dinc334/status/1365747636670771202

[zasad@]

Does the commissions here always depend on the eth siege? Does it mean that it will only get worse if the eth gets bigger?

I advise you to see the current information on commissions here
https://etherscan.io/gastracker
The transaction price depends on the gas price.
The more transactions in the mempool, the more expensive the transaction cost.
Major changes should be expected after the launch of Phase 2 Ethereum 2.0 (approximately 2 years) or use solutions of the 2 Level

[Branko]

EXP gas fees vs ETH gas fees


https://twitter.com/dinc334/status/1365747636670771202

[fortebettor]

EXP gas fees vs ETH gas fees


https://twitter.com/dinc334/status/1365747636670771202

Why not move just simply to binance smart chain and e.g. 1inch  ?... these fees are thieves

[Apnaworld71]

Uniswap is one of the greatest DEFI items in the classification of decentralized exchange.uniswap did brilliantly well this year,I think it makes it hard for experienced merchants to utilize with regards to utilizing outlines, flags, and breaking down the best passage and exit points,They are additionally offering an energizing airdrop which each client can guarantee however I don't have a clue about the specific cycle so will sit tight for additional subtleties,

[Vinaa77]

For almost 5 days, ethereum's Gas Fee has decreased and trading at Uniswap can be done. I think people have seen that now the fee is stable at 2-4 $ this is a cheap transaction compared to we saw 2 months back high transaction fees. many people complain about this but now because there is no claim airdrop event like before, gas has experienced stability. suitable if we are interested in adding liquidity at uniswap

[fortebettor]

For almost 5 days, ethereum's Gas Fee has decreased and trading at Uniswap can be done. I think people have seen that now the fee is stable at 2-4 $ this is a cheap transaction compared to we saw 2 months back high transaction fees. many people complain about this but now because there is no claim airdrop event like before, gas has experienced stability. suitable if we are interested in adding liquidity at uniswap

Who cares? When I need to get somewhere fast, I want to do it for a normal price and this is ridiculous. Eth is dead

[fia_naila]

No doubt this project kick in and did a good performance, but what i dont get is why we need to convert it to WETH and not directly to ETH every time we make a swap. I am now wacthing sovryn which i though it will be uniswap compatitor. And people needs BTC DeFi.

[heztida3]

Uniswap is one of the greatest DEFI items in the classification of decentralized trade. Numerous copycats will begin mirroring uniswap, as of now TRON and IOTEX plan to dispatch comparative uniswap-like DEX which is cool at any rate. I concede that uniswap makes exchanging ERC20 tokens pretty simple for me, yet right now ETH exchange charges sucks and I think uniswap is a significant supporter of the expanded expenses. I was wondered the first occasion when I utilized uniswap on trust wallet DApps program.

[randegibran]

After pancake transaction volume higher than Uniswap I think many trader now move from eth to bsc coin platform and they care with how much fees sending every transaction. I think Uniswap will be empty if pancakeswap success take first time with transaction volume trading above Uniswap exchange market.

[zasad@]

https://uniswap.org/blog/uniswap-v3/
"Uniswap v3 introduces:
Concentrated liquidity, giving individual LPs granular control over what price ranges their capital is allocated to. Individual positions are aggregated together into a single pool, forming one combined curve for users to trade against

Multiple fee tiers , allowing LPs to be appropriately compensated for taking on varying degrees of risk

These features make Uniswap v3 the most flexible and efficient AMM ever designed:

LPs can provide liquidity with up to 4000x capital efficiency relative to Uniswap v2, earning higher returns on their capital

Capital efficiency paves the way for low-slippage trade execution that can surpass both centralized exchanges and stablecoin-focused AMMs

LPs can significantly increase their exposure to preferred assets and reduce their downside risk

LPs can sell one asset for another by adding liquidity to a price range entirely above or below the market price, approximating a fee-earning limit order that executes along a smooth curve"

4000x more capital efficient: Uniswap team reveals details for v3
https://www.theblockcrypto.com/post/99100/uniswap-v3-capital-efficiency-details-dex-ethereum

[Branko]

EXP gas fees vs ETH gas fees


https://twitter.com/dinc334/status/1365747636670771202

Why not move just simply to binance smart chain and e.g. 1inch  ?... these fees are thieves

Because EXP fees are even lower than binance ones?

[max6575]

yes the service helps trader to work on exchanging token with different option as available on list, that those might be of one with the high recommendation from expert as passes different initiation on dev qualification that investors might use also to work on reference as holding the token.

[casperBGD]

~snip

4000x more capital efficient: Uniswap team reveals details for v3
https://www.theblockcrypto.com/post/99100/uniswap-v3-capital-efficiency-details-dex-ethereum

from my point of view, the main takeaway from V3 will be the license for using their software code
as they put it out, it is now up to community to decide, this is the last version provided by Uniswap directly, and they put two years on their code, that cannot be forked by third party, which could be changed by community vote
as well, V3 would allow third-party solutions on their core network, which should brought new players in Uniswap eco-system, it will be interesting how all this is going to play out on the market and UNI price

[zasad@]

Anonymous creators of various similar projects and decentralized exchangers have never been interested in these questions.
If the code is available to everyone, then it will be used.
But it will be most interesting for me to test uniswap on Ethereum level 2 solutions. If they provide the same liquidity there, then they will be № 1 among all decentralized exchanges.
I prefer to store my assets on the Ethereum blockchain rather than using various bridges to trade on other blockchains.

[yohananaomi]

yes the service helps trader to work on exchanging token with different option as available on list, that those might be of one with the high recommendation from expert as passes different initiation on dev qualification that investors might use also to work on reference as holding the token.

clearly, it is simpler and easier to do, which until now it is possible that almost all coins can be done there, it is clear that the ease that is very much awaited by many people does not have to wait long and can be done quickly. but for me the main problem is high fees and frequent cancellations which result in fees being used and this is detrimental. I hope there will be improvements next time.

[soliton]

ETH airdrop is coming to UNISWAP pools in the course of the next three months. The airdropping source is INVICTUS. Pools to be affected are  ICAP-ETH and C20-ETH. Liquidity providers will get as much as $333.33 daily per pool proportionally distributed among them the aim being " to bootstrap liquidity to a level that will enable these pools to reach maturity and become self-sufficient".