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Author Topic: [DeFi]Decentralized Exchange with Liquidity Pool  (Read 106 times)
Coin_trader
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August 22, 2020, 03:08:43 PM
Merited by TGD (2), CryptopreneurBrainboss (2)
 #1

DeFi becomes hot due to it's liquidity pool feature. You can earn a passive income by just locking your DeFi coin on a liquidity pool which is a breakthrough.
I list below some DEX that I used that offers this Liquidity pool feature. Take note that the transaction fee in DeFi world right now is a bit high due to growing
transaction volume on ETH blockchain just like what happened during Crypto Kitty since most DeFi coin are on ETH blockchain right now.

Honestly speaking, All exchange offers same profitability rate, It just varies on the amount of transaction process on that exchange. So the more trading volume then more profit for liquidity provider that's why I discuss the exchange feature below since you just need to consider trading volume of exchange to determine profitability of liquidity pool which is self explanatory.

Use this https://www.coingecko.com/en/exchanges/decentralized for tracking the DEX trading volume



Uniswap is a fully decentralized protocol for automated liquidity provision on Ethereum. Currently this the most famous DEX right now because this exchange starts the DeFi hype. The only disadvantage that I encounter on this exchange was the transaction was high while the order confirmation was slow because it fully depends on ETH blockchain speed.






Balancer Exchange allow you to swap ERC20 tokens trustlessly across all Balancer’s liquidity pools. Almost same as uniswap, the only difference was they have there own native token called $BAL. All $BAL holders is able to help guide the protocol to its fullest potential. It is not an investment token you should consider that before buying that coin.






DEX Aggregator with the best prices on the market. Achieving best rates by splitting orders among multiple DEXes in one single transaction. So far, This is my FAVORITE DEX for liquidity pool and buying coin. They offer the best of the best price and chepest transaction in all the available DEX exchange. This is my most recommended DEX exchange for newbie in DeFi. You don't need to worry much about price slippage because they display accurate price same as fee.






Mooniswap is a next generation of the AMM exchanges with virtual balances, enabling liquidity providers to capture profits otherwise captured by arbitrageurs. This exchange is created by 1inch exchange which is my current favorite DEX. Mooniswap quotes prices properly unlike on uniswap which you can suffer tremendous loss due to inaccurate price display that result to too much price slippage. The only reason why uniswap is still on the top is because they are the first mover on this industry.  Cheesy


NOTE: There is a lot of upcoming and promising AMM exchange on DeFi. You should always choose exchange that offers cheapest transaction fee and best price.


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August 24, 2020, 11:07:20 AM
 #2

Just to remind people that it's best not to chase pumps and buy lots of microcap coins on the market. Don't gamble too much, if you want to enjoy the pool best to stick with the one who has the most volume. Especially because ETH fees are high as hell. Play safe, don't risk too much and spend $50 just to lock your tokens on soon-to-be abandoned decentralized exchange.
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August 24, 2020, 03:22:28 PM
 #3

Just to remind people that it's best not to chase pumps and buy lots of microcap coins on the market.

I agree on this part. But I knew that many traders is hard to educate especially when they are actually earning on investing on this pump and dump coin without real use case. For example on $YAM and $RMPL, this coin is a duplicate coin of $AMPL with a very shady developer, But still investors are surging to buy there coin during the initial week of launch. Many suffers huge loss and it surprise me that some of them knows what the risk of trading this coin but still buying in to profit on hype.

Many scammers are using DeFi to scam people. Many of them are attaching famous company on there profile even though they don't have a real connection on it. LOL


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August 24, 2020, 04:58:09 PM
 #4

Many scammers are using DeFi to scam people. Many of them are attaching famous company on there profile even though they don't have a real connection on it. LOL

DeFi project and token is becoming popular day by day so scammers take advantage of it and scam people.

I had little idea about DEX and liquidity pool. I learned something about this from your beautiful discussion. However, i have a question and that is if the liquidity provider is getting the transaction fee at DEX, then what is the profit of the DEX owner?

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August 24, 2020, 05:08:01 PM
 #5

I think i should appreciate you.. just got to know more about DeFi exchange now. DeFi is new for me so don't laugh, can you share dedicated article for newbies in plain or simple English? Willing to learn more about it.

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August 25, 2020, 02:47:16 AM
Last edit: August 25, 2020, 05:38:24 AM by Coin_trader
 #6

Many scammers are using DeFi to scam people. Many of them are attaching famous company on there profile even though they don't have a real connection on it. LOL

DeFi project and token is becoming popular day by day so scammers take advantage of it and scam people.

I had little idea about DEX and liquidity pool. I learned something about this from your beautiful discussion. However, i have a question and that is if the liquidity provider is getting the transaction fee at DEX, then what is the profit of the DEX owner?

Uniswap is not making right now because the design of Uniswap was all transaction fee profit will be shared with the liquidity pool only. The project was backed by many investors and secure a 11m$ funds so they have a lot of money for the development even though they don't have profit right now. Maybe they will announce ICO for there own token that can be used to reduced fee on the exchange.

I think i should appreciate you.. just got to know more about DeFi exchange now. DeFi is new for me so don't laugh, can you share dedicated article for newbies in plain or simple English? Willing to learn more about it.

Everyone starts on being newbie. So fck off to those user who laugh at newbie.

You can refer on binance article here: https://academy.binance.com/blockchain/the-complete-beginners-guide-to-decentralized-finance-defi



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August 25, 2020, 05:52:53 AM
Merited by Coin_trader (1), welovedcrypto (1)
 #7

I think i should appreciate you.. just got to know more about DeFi exchange now. DeFi is new for me so don't laugh, can you share dedicated article for newbies in plain or simple English? Willing to learn more about it.
Read this article where important concepts as well as the functioning of this protocol are briefly explained:
https://decrypt.co/resources/defi-decentralized-finance-explained-guide-learn
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August 26, 2020, 04:35:48 AM
 #8

The only thing that I don't like about this DeFi exchange was the (AMM)automated market maker feature which you set limit order. There is always a slippage on the price that you will get that will be very inconvenient to dolphin trader like me. The majority of profit that I get goes on transaction fees and the price slippage compared on CEX that the trading fee is very minimal without any transaction fee. Liquidity pool is the only reason why I'm still using this exchange. Doing swing trade on this DEX is really painful and not advisable to a trader that has a 500$ portfolio and below.

Maybe you should include the APY% per coin comparison on each exchange. To know what is the best exchange for liquidity pool.

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August 26, 2020, 06:50:54 AM
 #9

The only thing that I don't like about this DeFi exchange was the (AMM)automated market maker feature which you set limit order. There is always a slippage on the price that you will get that will be very inconvenient to dolphin trader like me. The majority of profit that I get goes on transaction fees and the price slippage compared on CEX that the trading fee is very minimal without any transaction fee. Liquidity pool is the only reason why I'm still using this exchange. Doing swing trade on this DEX is really painful and not advisable to a trader that has a 500$ portfolio and below.


I relate on you dude. I decided to transfer back my fund to Centralized exchange after I notice a huge slippage in my order. I waste 1.60% (40$) on my trade not including the fee of 5$. Trading on DEX is very expensive right now. Better check SRM (Serumproject), they will release there DEX this week and they offer cheaper fee compared to all available DEX right now. Check the picture below for my sample trading this morning.




Maybe you should include the APY% per coin comparison on each exchange. To know what is the best exchange for liquidity pool.

I already mention above that the APY% depends on the transaction and pool volume on exchange. But I will try to create a thread for this one.


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AthenaBanana
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August 26, 2020, 11:15:19 AM
 #10

I guess Defi project is on hype all project is adapting to this new trend but I think this will be just for a while and on to the new trend

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