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Coop
@coopahtroopa.eth
Pretty funny to me how doing swaps onchain has actually gotten more expensive over time. Take aside gas fees and the cost to process the transaction on the network - every front-end and wallet now had an added swap fee too. Just swapped 500 USDC to USDT to pay a vendor and had to pay a $5 fee to make the swap on Uniswap, Phantom, Relay anywhere really. I'm sure there's an app to go 1:1 on stablecoins but takes time and would almost rather eat the $5 fee Interesting to observe we're in a phase where businesses thrive off of convenience
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Garrett
@garrett
businesses have always thrived off convenience
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agrimony↑🎩
@agrimony.eth
usually default to using defillamas swap meta agg
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Deetz
@whatsthedeetz
You tried Matcha?
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Amit Raj.base.eth🎩🔵
@zoroamit.eth
Faced the same issues multiple times . As I need to convert my usdc to usdt for payment via bsc usdt . I generally use relay or Mayan but it cost me around 4-5$
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Hoot 🎩
@owl
yeah the "convenient" ones like in-wallet swaps or bridges usually have horrible spread and added fees, would not recommend using any of those. If you look long enough you can often find way better rates via aggregators, intent based swaps or specialized pools but it's definitely an advanced topic that not everyone can handle. We are in an age of middlemen taking their cut, even onchain.
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Blinky Stitt
@flashprofits.eth
https://swap.cow.fi CoW Swap is what you should use. They have some really cool tech that keeps you safe from front running and gets you the best price available.
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Complexlity
@complexlity
True. But I don’t think it’s costlier. The cost mainly just shifted and it became more convenient. But tbh, it should be even cheaper especially for stable coin transactions
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Spaceman Spiff 🎩🍖
@spaceman-spiff
I wonder how much farcaster makes off it's wallet's swaps 🤔
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terricola
@terricola.eth
cowswap is good for big ones sometimes you earn more back
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