Dex Deep Dive - Assignment

DeFi 101 Course 2021
#33

I haven’t used any of the 4 DEXs mentioned in the video as I’m still trying to educate myself on this and then come up with some sort of strategy / plan.

I would say that Uniswap V3 would be the most trusted DeFi DEX as it has been around the longest and has the most adequate liquidity so I look forward to learning more about this DEX and using it.

I don’t mind using Pancakeswap due to the lower gas fees, however, this is owned by a centralised exchange so I do have my doubts and some may even argue this isn’t DeFi!

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#34

I like uniswap 2/3
I also like paraswap.io DeFi aggregator that unites the liquidity of decentralized exchanges and lending protocols into one comprehensive and secure interface and APIs.

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#35

your remark on pancakeswap isnt entirely true. the team is anonomus but there are backed by binance, but this has nothing to do with its centrality. the pancake protoocl is governed by smart contrcts which are secure and have been audited by the best in crypto. therefore the qctual panckae protoocl like all (mainstream) dex protoocls are out of the control of the creators in a lot of ways, instead of some admin functions in the smart contracts. they are however based on the binance smart chain which is developed by the binance exchange which is centralised. many people dont like BSC for this but to say that panacke swap itself us centralised is incorrect

#36

I have used only Pancakeswap, didn’t use other exchanges so far.

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#37

I will have to say Sushiswap because it is cross chain in a way and not as limiting as Uniswap.
UI/UX wise, I love pancakeswap but there is only so much you can do on the platform as it is BSC backed. Quickswap is also great as it gives you an opportunity of buying into some new ETH tokens for a very cheap transfer fees.

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#38

I have only used Quickswap so far. I’m trying not to do a lot of swaps or transfers because they are decentralized and not sure how the tax forms work, or if they work at all. Meaning, am I responsible for keeping up an excel spreadsheet of my transactions or is there an easier way. I didn’t find the UI very hard to work with. I guess the only question that I have for now, is how do you keep up with the impermanent loss. Does anyone have a spreadsheet or calculator that is easy to use for impermanent loss.

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#39

I have used the 4 DEXs mentioned but don’t really have a favorite. I don’t use it often enough to tell who has cheaper fees. I just go by which one has the trading pair I’m looking for at the time. They’re all easy to use but I do find myself going to Uniswap first since I’ve always had good experiences with it.

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#40

A mind map of my thoughts on the matter.
I’m in the midst of developing a “DEX” (really a 1Inch client). So I took some design and usability notes from the 4 web3 front-end examples. They’re all quite streamlined and address the same basic Tx parameters.

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#41

@marsrvr this is very cool. are you trying to implemt from scratch like the lquidity pools or jjust going to write a sapping contract that ececutes via oneinchs functins

#43

It’s just a web3 front-end. Zero solidity for that feature. We’ve a utility token, but all that does is zero out our 1Inch referral fee if we find it in your wallet. Meanwhile the token (since the course talks “tokenomics”) it’s designed to be anti-speculation and hard to pin a “security” label on it. It’s a bonding curve but extremely flat and linear. It’s minted in whole tokens (zero decimals) using USDC. It deposits USDC proceeds from minting at AAVE and our company keeps the interest. Meanwhile the price increases (barely) linearly with issuance. So you could technically pump and dump it. But USDC is never destroyed. And it takes a LOT of USDC to move the price as in $100,000 USDC moves the token price all of 70 cents. We’ve a 10 block hold vs. flash loan attacks so don’t even think about it. Whole thing runs on Polygon to dodge gas fees, but we’re having problems with network capacity in testing (“demand shocks”). You get what you pay for. No free lunches.

#44

Base jus on user friendly i will keep this order.

  1. PancakeSwap
  2. SushiSwap
  3. Uniswap
  4. QuickSwap

Besides Pancakeswap already integrate limit orders to their dex , so that is super helpful for traders.

#45

I’ve never personally used any of the Dexs discussed in this video. I did use EtherDelta/ForkDelta back in the day and remember how bad that exchange was. With that said, I was still able to handle some of my buys/sell when needed on those exchanges. I’m sure any of the Dexs mentioned in the video are far superior to Ether/Fork Delta.

He mentioned Binance’s BSC in the video and how centralized it is. I generally do most of my transactions through my SafePal wallet which has a binance exchange built in. I do like how cheap and fast BSC is compared to Ethereum. It’s a way better user experience. The gas fees for Eth are quite high, especially when the market is good. And quite slow. There is going to have to be some serious improvements in those areas in order for crypto to really become mainstream.

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#46

Uniswap is good if you’re doing trades on the ethereum blockchain, Pancake Swap for BSC I like pancake swap due to the features it has like predictions, NFT Markets, IFO’s etc. they create more usage and utility for the Cake Token, I tend to use Uniswap for Ethereum ERC-20 Tokens, there are other swaps too such as Shibaswap, Dojoswap which are all created from the Uniswap V2 frontend mainkey is to use a swap that makes a transaction successfully go through, is user friendly and able adapt to price changes and slippages immediately before a contract can be executed or else the risk would be having your swap transaction failing.

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#47

No experience yet on any of them, but did pause the video to go and look up Balancer website. It does look very interesting and will definitely be checking out more. At least now I believe I will be able to understand how to obtain some small cap coins if I want to.

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#48

I have used all except Quickswap. I liked PancakeSwap’s interface the best but do not like the fact that its centralised. I enjoyed Uniswap but not the high transaction fees.

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#49

niceeeee loooking very vwry good your UI skills are gettin better and beter ep it up

#50

thoughts on 4 dexes:
Uniswap and Sushiswap have almos the same UX design.
however Sushiswap appears to have more features lately
Quickswap (appears a fork from UX design perspective from UNI)
it is simple to use and easy to understand the swapping and LP pool mechanism and APY

overall Quickswap, Sushiswap and Uniswap had a similar user experience. however haven’t use them.
however i don’t use them due to expensive gas fees for the amount I could invest.
I wasn’t very sure about Curve and Balancer so I have never used it due to it’s low yield ( i am a bit of a degen)
Curve interface is like the old 80s looking; which i like it however it was very complex to follow all links and buttons. I get confused to use Curve Dapp

the one i used more was pancake swap:

  1. cheap fees
  2. analogy of cakes and syrup was easy to follow
  3. interface was easy to follow; however on my beginnings I didn’t understand how to see LPs
  4. I like the staking of cake and compouding
  5. also staking cake to earn other interesting tokens (harmony, ada, dot) when those were in cents value
    a drawback is the swap fees have increased and it’s mainly centralized however transactions were are fast. I just realized that they charge a % of bnb and also a% from the token you are swapping; incurring into 2-3% fees

from other chains I used:
traderjoe (avalance)
spookyswap (fantom)
reaper (fantom)
tomb.finance (fantom)
maiar.exchange (elrond) although it seems centralized i found it the closest to BTC
raydium (solana) great pools, swap and dexes and also airdrops
aldrin (solana) great pools, swap and dexes
solidly (fantom) was great new concept of LPs however it was another Andrew Conje saga.

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#51

Used all of them multiple times. All basically the same. I will usually swap using a dex aggregator that break up transactions across multiple exchanges and really reduce price, see example below

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#52

I don’t have much experience with DEXs as I pretty much have mainly dealt with the centralized exchanges. However, as fees keep rising to move your crypto around I decided to take the plunge and educate myself regarding DEXs before I jump in. Anyways, regarding the assignment, the DEX I enjoyed interacting the most with would have to go to pancake swap, it’s a toss up between uniswap and sushiswap and quickswap I viewed as the DEX that you used when you needed to get stuff done ASAP. In the future I plan on using these four plus any others that will give me a leg up in this space.

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#53

sushiswap i havnt used much but its user friendly and i like the design. uniswap i have used and is my preferred as of now. quickswap i havnt used but i like the polygon network so i will probably be using it in the future. pancake swap i probably will stay away from. i do not like binance at all

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