The amount is suspiciously close to the standard frontend fee, around 0.75%

Is Rainbow collecting roughly a 5-6 USD fee on a 750 USD swap? Is this standard behavior?

yep! 80bps is pretty standard across wallets

I work at the posts office

terminally.online

Just don't use the "native" swap feature. If you go to a swap router/aggregator like a regular peasant (eg. cowswap), there's no wallet fee.

wild!! How do I circumvent this without putting a lot of effort? Not using wallets for swapping?

Metamask was the first to do it, they raked in millions per month.

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

did they? https://metamask.io/faqs still says 0.875% (it used to be 1% iirc)

mm dropped it to .774 at mm iirc 

i dunno if it’s so they could technically say they are lower or not …

co founder of @metamask . Making computers behave for us.

@danfinlay charges 0.875%. daylight robbery on the most naive.

This crazy. I’m about to build my own swap front end.

absolute scam, prefer different routes on jumper/bungee whichever you find cheap

Use cowswap?
Use Zerion with a pro membership it’s 0%

show of hands: how many of you know what you're paying in swap fees?

yea... gas fees, builder fees (aka MEV, slippage), validator fees (share of MEV), frontend fees

arguably indirectly AMM liquidity fees (absorbed by builder fees)

but I think it's fair to call all of these "swap fees" as far as the end-user is concerned

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

relevant sub-sub-sub-thread: https://farcaster.xyz/shazow.eth/0x888afd53

Yes and most people look away https://farcaster.xyz/nonlinear.eth/0x0edac40b

Go to the apps. Don’t use in app wallet dexes. They rob you

Pretty standard fee for in-wallet swaps 

Metamask and Coinbase Wallet have similar fees

oh i didnt even realize to suggest to go straight to matcha or oku trade

no reason to pay wallet fees, but some times i do to feel something

yeah tbh i ws kind of suprised how much was being taken out when i was swapping on fc wallet

i guess thats the cost of convinience