DEX

funkinaround

> Have fun on the CeX where you can trade only what they allow you to trade, as long as they are not down for maintenance during peek volatility.  You can be just as critical about DEXs too. "Have fun on the DEX with your lower liquidity and much higher transaction fees". > They hold all your funds as you hold an IOU and trust them to pay you back, and they report on every little movement you make to the IRS.  I report every little movement to the IRS as required by law. Holding USDC or USDT is an IOU that you trust is paid back.  > USDT your trading on a CeX doesn’t even need to exist for them to sell it to you since you own a number on their balance sheet and have no way to verify the exchanges solvency until it’s too late.  Sure, but CEXs can help you correct errors. Make some fat finger error and trade at a price or amount you didn't mean to? They are able to help you undo it. Can't do that on a DEX. Some "drain my metamask wallet" type attack won't affect your tokens held on a CEX. > I mean if you’re gonna ignore the actual crypto ecosystem entirely, then what is the point of your comments at all? It was originally just about Tether and how USDC money moved to USDT in the wake of the SVB collapse. You started talking about DEXs and all sorts of other stuff. From what I see, crypto is about more than just exchanging for other crypto.

funkinaround

Who cares about DEX liquidity? They're puddles compared to CEX liquidity.

Tike_Myson_Coin

TikeMyson on (DEX), ponke. Doge

Business_Scratch7982

🔥 AIZ Coin: AI pioneer MEME coin, taking off thousands of times! 🔥 💹Launched on the BSC blockchain - uniting the power of the global artificial intelligence community and financial giants. 🕙Online time: May 6, 14:00 UTC time 🚀 AIZ official announcement: Good news for AI enthusiasts and cryptocurrency enthusiasts, AIZ Coin is officially launched! Power all AI projects and open the door to real-world applications. Community consensus: Connect millions of AI fans around the world to jointly promote MEMECOIN, the strongest AI field. Community-driven: Every member is the driving force behind our progress. Unique rewards: Contributors receive special financial support from AIZ. 📍Contract address: 0x98c0f0200facd1defb48039893375eac5210984f 💎💎💎BUY AIZ (https://pancakeswap.finance/swap?inputCurrency=0x55d398326f99059fF775485246999027B3197955&outputCurrency=0x98c0f0200faCd1DeFB48039893375EaC5210984f)💎💎💎 🔗 Website (https://aizeal.org/) 🔗 Telegram (https://t.me/aiz\_group) 💬 The era of artificial intelligence has arrived - next, AIZ MEMECOIN dominates! [https://twitter.com/AIZeal\_Group/status/1787800797159571756](https://twitter.com/AIZeal_Group/status/1787800797159571756) [pancakeswap.finance](http://pancakeswap.finance) (https://pancakeswap.finance/swap?inputCurrency=0x55d398326f99059fF775485246999027B3197955&outputCurrency=0x98c0f0200faCd1DeFB48039893375EaC5210984f) Exchange | PancakeSwap Trade, earn, and own crypto on the all-in-one multichain DEX.

Simple_Yam

“TVL gre by 9% and tx spam from devs” 🤣🤣🤣🤣🤣🤣🤣🤣 It has 40x fewer active addresses than even garbage like Polygon Less TVL than garbage like Metis And less DEX volume than garbage like WEMIX When you are below garbage after being live for 5 years, you are garbage. Sadly some bag holders can’t seem to think straight and look at the numbers the way they really are.

uncapchad

no, it's a decentralised exchange (DEX). Be sure to read the Getting Started [https://bisq.network/](https://bisq.network/)

uncapchad

Bisq seems to be the most popular BTC DEX.

amtowghng

Dercred DEX has been developed over the last 7 years and has many features that mitigate the shady activity that is present on CEXs

finfinp

So it’s CEX that the data uses but instructions, the people with money, aren’t using DEX very commonly.

uncapchad

Is this CEX data or incl DEX?

TabletopThirteen

So Solana, a Blockchain platform, has nothing to do with Blockchain. Having the most daily users and DEX volume over ETH a lot of days is not already being a part of the crypto future? Oh cool didn't know that. Thanks for informing me

Generic_Globe

Let me tell you something I learned. You gotta sell this shit. Crypto isnt going to revolutionize the world. It's mostly run by charlatans. Take a profit from your coins and move on the next thing. I have been holding coins for 7 years now. My goal is to sell all my coins and move everything to VOO. The thing holding me up is I want to buy a property in Texas and Florida so I can claim residency there and not pay state taxes. I am at 7 digits right now and the taxes are brutal. On that same note, I am so tired of crypto not doing anything worth anything. I dont care anymore for whatever buzz words they throw at me. DEX, NFT, DeFi all that shit doesn't solve any real world problem.

TabletopThirteen

Infrastructure has actually got a ton better otherwise it wouldn't have been able to handle this last run. Also research Firedancer and learn a thing or two. Plus Solana got knocked down to $8 in the crash and jumped all the way back to $220. It broke records in active users and DEX volume. Beating Ethereum in a lot of metrics. People are going to Solana over other chains and that isn't stopping any time soon. If you think Solana is like one of those others, You've been living under a rock back in 2022

TabletopThirteen

Nope you're just an idiot who is too lazy to do research. JUP token from the largest and most used DEX on Solana. Helium that provides wireless connectivity around the world and pays through another token called MOBILE. Both billion dollar legit coins. BONK and WIF. Two billion dollar meme coins. BOOM ROASTED

WingChungGuruKhabib

Illuminex DEX does this and is currently live as well. Besides that it also: - removes MEV attacks - removes the possibility of sandwich attacks - allows users to wrap any token in a privacy wrapper (this means that the token will not appear in any wallet or explorer like etherscan even though its present in your wallet) - allows you to send tokens to & from any EVM and soon Solana and Bitcoin without the trade showing on any explorer. Current problems: - low volume - low liquidity (trades above say 4-5 eth cause 1-3% drop in value)

aaaanoon

A DEX hosted by users via docker would be good.

CointestMod

#DEX Con-Arguments Below is a DEX con-argument written by excalilbug. > Decentralized crypto Exchanges despite being the embodiment of the cryptocurrency philosophy and its values have some disadvantages. Just like anything in life > > First of all they **require their users to have some knowledge and to be responsible for their own assets**. To use DEXes you need a **cryptocurrency wallet** so this is the first thing you need to find out – which cryptocurrency wallet to use, how does it work, how to keep it secure, and so on. > > Then you need to **learn how to interact with DEXes** using your wallet. You need to know what is **slippage** and keep an eye on it whenever you enter transactions. You also better learn about **impermanent loss**! > > Most users are already scared away at this point. And those who are left now learn that they need to have a network native coin (like ETH) to pay for the gas fees and that they can lose their cryptocurrency when they send it to a wrong address or use a wrong network. And now they leave the building too ;-) > > There are many things to remember and be aware of when it comes to DEXes. So, yeah, the complexity is probably the biggest problem because it makes it difficult for those exchanges to become mainstream > > DEX is complex, so not many people use it, so there we have another problem - the **LIQUIDITY PROBLEM** > > DEXes are still a rather exotic concept for most users and the total trading volume on DEXes is just 3% ([https://www.coingecko.com/en/exchanges/decentralized](https://www.coingecko.com/en/exchanges/decentralized)). This makes the liquidity for many coins and tokens low and the scary terms that I mentioned before (slippage and impermanent loss) appear again and take your funds away. Because the lower the liquidity is the higher the "chances" of high slippage and impermanent loss > > Another problem with DEXes is that it is much easier to list scam coins there. Although in my opinion the consequences of that – paradoxically – are worse in the case of CEXes. Because as said before, people who use DEXes are usually more knowledgeable and they can spot shitcoins more easily than an average crypto Joe. So whenever CEXes list a shitcoin (and they do list them) many people are naive and think they aren't shitcoins since they are listed on this "serious" centralized exchange. > > ​ > > TL;DR: complex, not user friendly, still unpopular, if unpopular then liquidity is low and the whole system is less secure > > ​ > > Sources: > > [https://cointelegraph.com/defi-101/what-are-decentralized-exchanges-and-how-do-dexs-work](https://cointelegraph.com/defi-101/what-are-decentralized-exchanges-and-how-do-dexs-work) > > [https://www.coinbase.com/pl/learn/crypto-basics/what-is-a-dex](https://www.coinbase.com/pl/learn/crypto-basics/what-is-a-dex) > > And other Cointest arguments (both pro and con) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find submissions for other topics.

CointestMod

#DEX Pro-Arguments Below is a DEX pro-argument written by Shippior. > A Decentralized Exchange, often abbreviated to DEX, is an exchange that does not belong to a central entity and all transactions happen on a blockchain. The three largest DEXs by [Total Value Locked](https://cointelegraph.com/explained/what-is-total-value-locked-tvl-in-crypto-and-why-does-it-matter) (TVL) are [Curve Finance](https://curve.fi/#/ethereum/swap), [Uniswap](https://uniswap.org/) and [PancakeSwap](https://pancakeswap.finance/). For a full list of DEXs see this [dashboard](https://defillama.com/protocols/Dexes). > > The largest difference between a CEX and a DEX is the way that liquidity is provided. Most CEXs use an [order book](https://learn.bybit.com/trading/order-book-explained-for-beginners/_ style ) for transactions. Most DEXs employ [Auto Mated Market Making](https://blog.0x.org/market-making-in-defi/) (AMM). These type of transactions are essential for operating an exchange with low liquidity. The supply and demand are matched by a protocol to prevent orders from not being fulfilled for a long time as there are generally less transaction offers available when there is lower liquidity. > > AMM works by users "lending" their crypto as collateral for others to trade. This is done by depositing tokens in a [liquidity pool](https://www.moonpay.com/learn/defi/what-are-liquidity-pools). Users are often provided incentive by the protocol to deposit their tokens by receiving a fixed interest rate on the crypto that they deposit. Therefore users who wanted to hold their crypto for the long term can actually put them in a pool via a smart contract to earn interest on this crypto without having to trade it whereas it would be collecting dust on an CEX. APRs are as high at 100%+ on larger DEXs like [Curve](https://curve.fi/#/ethereum/pools) and higher than 250% for smaller DEXs like [Crescent](https://app.crescent.network/farm). > > Trading fees of DEXs are mostly rather straightforward. Uniswap take a flat 0.3% trading fee, just like [Osmosis](https://osmosis.zone/) on each trade on top of the network transaction fee. Transaction fees can go as low as 0.02% for Curve Finance. These swap fees are provided to the people providing liquidity in the pool as an incentive for putting in their crypto. > > All trades made on a DEX are available as they can be found on the blockchain. Therefore it is possible to base your trading activity on the activities of other people. This also means that you can verify that your assets are where you think they are at all time. Your assets can not be lended to other people without you knowing of it and in most cases without you agreeing to it through the use of a smart contract. > > Compared to a CEX (with the exception of Coinbase) it is possible to own a part of the DEX. Many DEX have their own tokens. For example Curve Finance has [Curve DAO](https://coinmarketcap.com/currencies/curve-dao-token/) and Uniswap has [UNI](https://coinmarketcap.com/currencies/uniswap/). These tokens are used to pay for transaction fees on the DEX, they can be just held on to in the hope of them increasing in value but most important of all these tokens can be used to participate in governance. Everyone can put a proposal for improving a DEX, see the [Curve DAO](https://gov.curve.fi/) as an example for this, up for vote and everyone that owns the token of the DEX can vote (mostly 1 token = 1 vote) to determine how to go forward. Thus one can decide how to go forward to make the DEX even better. Something that is almost entirely impossible with a CEX. > > Privacy on a DEX is much better than on a CEX. On most DEXs no Know Your Customer (KYC) is required, a wallet that can not be linked to the person that is using it is sufficient. > > DEXs can have all assets on their platform that are available on the blockchain itself of made available through wrapped assets by [bridges](https://blog.liquid.com/blockchain-cross-chain-bridge). In theory the number of bridges that can be made between blockchains is infinite thereby the number of assets that can be listed on a DEX is also infinite. In reality though there are only bridges between the major blockchains available at the moment. This still provides plenty to chose from. According to Coinmarketcap there are currently [935 coins](https://www.coingecko.com/en/exchanges/uniswap#:~:text=Currently%2C%20there%20are%20938%20coins,a%2024h%20volume%20of%20%24319%2C357%2C719.14.) available to be traded on Uniswap and [3,223 coins](https://www.coingecko.com/en/exchanges/pancakeswap) on PancakeSwap. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find submissions for other topics.

CointestMod

DEX {{pros}} & {{cons}} with related info are in the collapsed comments below.

CointestMod

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Osmosis](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_osmosis), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Related subreddits: r/DEX, r/DeFi, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1cop8i6/is_there_much_demand_for_a_private_dex/?sort=controversial). Doesn't work on mobile.

valcyclovir

Interesting. That means using Uniswap or any DEX to exchange any alts to ETH will carry the same risks of receiving tainted ETH, correct? I'm interested in the swap options offered by XMR (Haveno and Serai) but I want to know how that will fare against Houdiniswap or other alternatives.

OfWhomIAmChief

Monero native DEX Haveno is in beta rn, Serai is another DEX in the works, although it is not Monero native. Atmoic swaps for BTC <> XMR have been live for a year or more now also ETH <> XMR atomic swaps have more recently been released.

itzsnitz

In this case it comes from a mismatch in exchange rate between DEX’s - aka swap of the XYZ/ETH pair is at different exchanges rates.

Still_Lobster_8428

That's exactly why the status quo went after Monero (and all privacy coins). They understand the power of them.  Just watch as they start tightening the noose and automate chain analysis... I can guarantee that the narrative they will go with is that terrorist use Monero/privacy coins and that any coin transactions that have interacted with Monero/privacy coins will be automatically classed as Terrorist funds and then be up to the end user to prove they are not (by us ourselves exposing where the funds originated from and making any privacy obsolete in the process).  This will be done at the CEX/DEX level eventually and cut off the entry/exit points.  I use Monero somewhere in 90% of my crypto transactions purely because it IS private and fuck chain analysis!  Lately been using Houdiniswap dot com. Uses a Monero tunnel in the transaction to break the chain analysis. Exit to a clean layer of wallets that NEVER interact with anything that's interacted with my KYC layer of wallets.  People seem to forget that blockchain = immutable record forever! 

idkbrosis

Check out Alien Base (ALB), a DEX on Base. Small market cap had it dip for a few days but it’s slowly pumping again.

LatinumGirlOnRisa

I use CEX's [in addition to DEX's] because some things just can't be done yet without giving in and using some of the services. but even though I'm not a fan of Coinbase those accusations are ABSURD.🙄 and those quotes sound desperate and pathetic. it even *feels* like they know they're not true. they seem like fake assumptions vs. like anything real, makes my skin crawl. Gensler & the government hate crypto, FULL STOP.🛑 they're fighting a battle they'll eventually lose because more Americans are learning how to get around such bans and why is Gary still the SEC chair?😠 I thought he was due to be replaced by March or April. anyway, they're all dinosaurs doing what they can to keep the USA in the dark ages! they are trying to make certain that instead of being one of the nations in the fore of innovation that we'll be dead last. it's embarrassing, infuriating & I'm just smdh😐

002_timmy

If you just got into crypto, you should probably learn about basic DeFi things like how a DEX works and what a liquidity pool is. Otherwise you’ll get burned bad

Still_Lobster_8428

I had high hopes that crypto was going to lead to that change.... Now with ETFs, the SEC moves and the likes of Blackrock becoming involved, all I see is caputure and the status quo being enforced further but now with the last bit of personal sovereignty removed, fiat!  Once ALL transactions are moved onto blockchain (CBDC's) it's the final brick in their control wall. No person will then buy or sell anything without the state being able to monitor and control that transaction. Then it's just a matter of time before we get a version of social credit scores..... and we are all fucked!  Just wait and watch them mandate that EVERY crypto transaction MUST be carried out using their CBDC as tge carry trade so everything is tracked!  You want to buy SOL with BTC, CEX's and DEX's will be required to track your wallets and the trade will go BTC - CBDC - SOL.  These criminals won't be able to help themselves but to enforce such granular tracking!  Sure, there will be some blackmarket options, because governments themselves need the avenues to conduct operations they don't want the public to know about,  but access to those will be limited to the small number who take tge time to educate themselves on how to access them safely.... but the majority of people will be 100% tracked all of their lives.  1 thing the status quo has ALWAYS been able to count on is human greed! We will literally sell ourselves out for the hope we will get rich from it! 

Normal_Noise2024

This is proof that you do not own your crypto within your CEX account. Just numbers that will be calculated at the lowest value.  That's why I only use DEX #THORChain ( $RUNE )

Ferdo306

You just need to have more than governance If a DEX has a governance token then it should distribute part of the profits to token holders Or if you want to go with a safer solution you can do burning of a token Similar with dividends and buybacks in a real world Being just a DAO without any other kind of utility doesn't make much sense

CointestMod

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoMarkets/comments/1cn2vjs/defi_taxes/?sort=controversial). Doesn't work on mobile.

Trade_on_Moby

Traditional Orderbook Model: Purely depends on Market Makers' capabilities. They have to put wider spreads to accommodate high risk buffer. Traditional DEX Model: They have their liquidity providers trading against the traders. However, the pricing is based on their own model or historical data, so the spread is still very wide and the prices aren't real-time. Furthermore, they don't change accordingly to the Greek's risk of their own LPs. Moby SLE Model: We calculate options prices based on real-time data we receive from CEXs and external oracles. We also control spread depending on our LPs' Greeks risk to make sure our LPs stay safe, meaning we charge high Risk Premium to positions that will increase our risk and vice versa. Even with Risk Premium, our spread is crazy narrow because our pricing is very accurate.

Embarrassed-Score714

I’m also here for the answer. Also, can we have DEX which tracks our trades just like coinbase or crypto dot com, and can share printable tax documents?

identiifiication

I've had my bag of Qubic for around 5 months now. Seems its getting more serious with the release of Qubics Qx DEX. Tokens ontop of Qubic are getting started too. Holders are getting dropped their first memecoins on it soon too. Gate.io listing in 20 hours.

Anxious_Afternoon350

ECAT's fair launch on PinkSale marks the beginning of its journey, offering a decentralized ecosystem with staking, a DEX exchange, NFT market, and NFT games. $ECAT #BSC @ElonCatFinance Tg https://t.me/eloncat_finance_chat

nick_117

Haveno isn't out yet but it's a fork of Bisq. So it's a DEX for P2P exchanges. The difference between it and Bisq is that you have to hold monero for arbitrage instead of BTC

DigitylRise

I mean technically you can report any fake trades if you want, just if you get audited you will get screwed if you cant prove them. So if they audit you and see coinbase showing a transfer in (buy) they will want documentation where you bought it from, like another KYC CEX or a DEX with your wallet you used, and then you will need to prove where you sold it for the transfer out. If you can't prove it, then this is where you can get into some serious trouble.

Anishinabeg

DEX trading is the answer.

Grunblau

Robinhood reported mine, not sure what Coinbase or CDC did but whatever they reported was wrong because of me constantly moving assets from CEX to DEX to DeFi.

LostyB

I found out about new DEX recently. It is called "Trador.io". Works like Uniswap. But the gas fee on Eth is about half compared to uniswap. I am only using trador from now on... Its also free, no registration, no need to buy their tokens or any of that... Recommend everyone to try it, you can save a lot when swaping...

Not-Jaycee

Alien Base This is the second leading DEX on Base behind Aerodrome It's a microcap currently at 7.5m with over 55% TVL You can make your own cryptocurrency on it Staking and LP options are available The team has a time-locked contract with a 37 day warning to prevent rug pulls It has exploded since it's inception 3 weeks ago Not shilling, DYOR, high risk high reward play

WinterDirection366

Alienbase. Fast growing DEX on Base network (coinbase), so infancy. Nice easy UI. Has a token generator with no coding. Low market cap with ridiculous comparisons to see where growth can go and quickly. Very early. Many other things going for it so definitely worth a little research. Easy 5x with 100x potential.

Chillbizzee

The negative is you are not in any market which can be extremely negative. Since you don’t cash out to a bank the pro is you have more money available to time the bottom. You may pay taxes eventually but not on every trade, which is a significant advantage and a big reason traders have an uphill battle. If you cash out a smaller percent I believe it would be on you to report profits, I don’t see a government having any data here. Is there any way to buy or sell without having to go through a CEX while on ramping and off ramping to a DEX?

CointestMod

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1ckrf8l/why_regulators_should_embrace_defi/?sort=controversial). Doesn't work on mobile.

Big-Finding2976

You bought coins on a CEX in the first place though, so your ID is linked to the wallet you withdrew those coins to. Even if you then create another wallet for the DEX and send the coins to that, there's still a link to you, and at some point you'd have to send your coins back to the CEX to sell them for fiat, so you'd have to explain where they came from and disclose all your trades, and then you'd get done for not paying tax on them.

Krebbin

You're giving up the possibility of future gains. Of course the inverse is true as well! But any trade will create a tax event, unless, as already suggested you use an anonymous DEX.

starts

Wanted to shout out cronos chain and specifically crow with knife (CAW). I've been on the chain since it launched and managed to get in on this meme project early. The team behind the first NFT project on the chain launched it. It spent a while in the 10-20m cap range and then popped off when crypto.com listed it. CDC now own about 25% on behalf of their users and they themselves own about 5% that they bought OTC to form additional liquidity on the main cronos DEX. They've built up 5000+ discord members and 9000+ wallets. It's been a wild ride so far. Been seeing a lot of CT influencers and Dev teams from Solana launching and shifting attention to Cronos the last couple weeks and I'm betting that capital will follow swiftly. As the first and biggest meme coin on the chain it should pop off. Obviously DYOR. It seems there could be big opportunities on cronos in the next couple of weeks, not just this memecoin so worth keeping an eye out. Anyways that's my shill. Keep an eye on cronos and crow with knife, looking forward to seeing what the next couple weeks bring.

ChristianGreenland

I would say no. There's an professional crypto hedge fund trader on twitter (Asian guy, but forgot is handle) who did a detail quantitively analysis in 2021 or 2022. He concluded that the fees are too low for LPs to make money. Basically, the tx fees are so low DEX users are incentive to Arb LPs pools thus leaving them hold the weaker asset in volatile markets. Tactically, there's only two possible scenarios that would minimize loss. But the opp cost of leaving capital sitting earning 0.01% is not worth it:: 1/ For limit orders where you don't have a time horizon. For example, I want to swap USDC for USDT and a fix price and I'm indifferent to when the order executes. But again, I can set a limit order on Matcha, CowSwap, or 1 Inch. 2/ Assets were the is no effective IL or IL doesn't matter. For example, USDC/ USDC.e pools because if you have a Coinbase account, they will redeem either for $1 USD. But again, fees are too low (LT 0.01%) to make it worth while parking capital there.

NoFeroy

Check out pupcat/SOL on DEX Screener! https://dexscreener.com/solana/5bZB52uihrNerUjvq9JKxmKmSfB15HcFySt7T6Zb7kYi

imag8ne

Coolest DEX on BASE. Let's go!

Valuable_Crow8054

$SEAT is truly a gem. Original dev who is fantastic, great community that crowdfunded together TWO donations to fight against human trafficking, and no community takeover or pump and dump bs. 100% organic growth and chart of $SEAT on its first 21 days is nearly identical if not better than $TOOKER. Fantastic marketing as they are running ads daily on DEX. Without a doubt this is on its way to $50m - $100m MC within the next 3 weeks.

CointestMod

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1cicv0z/defis_total_value_locked_falls_10_billion_in_april/?sort=controversial). Doesn't work on mobile.

Imperialtech69

I'm more wondering if it has potential to go beyond plus ultra since it's the main DEX on Base. Similar to Jupiter/Raydium on SOL

Drakonic

The future is in community developed open source DEX. No entity to target, no one getting rich from fees, just an open source freedom. What crypto was always meant to become.

Valuable_Crow8054

$SEAT is truly a gem. Original dev who is fantastic, great community that crowdfunded together TWO donations to fight against human trafficking, and no community takeover or pump and dump bs. 100% organic growth and chart of $SEAT on its first 21 days is nearly identical if not better than $TOOKER. Fantastic marketing as they are running ads daily on DEX. Without a doubt this is on its way to $50m - $100m MC within the next 3 weeks.

PlayingRS

I hardly trust the #1 Crypto DEX in the world (Binance) and I always pray that my fiat deposit actually arrives there. Let alone sending it to some random dude and hoping he doesn't screw me over... Oh, and if you ever want to sell your BTC, good luck. Half of that shit is 'tainted' or whatever the word is.

Exittus

Start using DEXS! Looking into Decred DEX. Pure atomic-swaps.

MemenaSerena

Bitcoin for steady and long term investment; If you are willing to take a bit higher risk then choose Cryptos from many different categories - for example Arweive from storing data on Blockchain, Atom for blockchains connecting other blockchains; Solana for it being cheap for transactions and ecosystem; Exchange coins, Like Binance's BNB, or more new and bigger ROI potential WhiteBIT's WBT and Sushi and Uni from DEX's - as the price will go up while adoption is increasing; Some memecoins for high risk;

foks1er

I buy off of CEX and send straight to DEX…

Valuable_Crow8054

$SEAT is truly a gem. Original dev who is fantastic, great community that crowdfunded together TWO donations to fight against human trafficking, and no community takeover or pump and dump bs. 100% organic growth and chart of $SEAT on its first 16 days is nearly identical if not better than $TOOKER. Fantastic marketing as they are running ads daily on DEX. Without a doubt this is on its way to $50m - $100m MC within the next 3 weeks. LFG!!!

Equal_Classroom_4707

"Like I said, they won't stop just because the code is open source." They can stop right there actually. If you look at it yourself, you'd understand why that's the case.  "Quantum computing and AI could make the cryptographic mechanisms behind bitcoin and wallets factually useless." Bitcoin would be the last issue in the world at that point because the entire security infrastructure of every bank, every security protocol is done. How has that worked previously? Security protocols get upgraded in advance of those issues. Not just in the crypto space but what the entire technological world is using. People have plenty of thoughts about these things. Just not in this forum anymore. This is a casino on Reddit filled with noobs.  Anyone can make a copycat, they already have. Networks thrive off of users. The MIC would not have anywhere near the organic users BTC does. So in a sense BTC is a naturally grown hive that fed off individual users for almost a decade before mainstream ever heard of it. Try to recreate that. And at this point, the largest threat is governments making it illegal to individually posses. What a giant obstacle that would be if you have an understanding of nodes, how the source code actually works, and have access to TOR. All of these things are extremely easy to accomplish. There's no way in hell anyone with a technical background went into or attempted to have meetings with Nakamoto or his camp without first understanding that this cannot be undone.  Would they ask him to surrender his personal holdings? To publicly say the project is dead and move to this other project with the backing of a 3 letter? To erase him? The guy or team was extremely intelligent. The fact that he disappeared around the same time could equally mean he went into hiding as opposed to them silencing him. You can refer to his awareness of the forums through his hive comment.  But again, all the things you mentioned have been covered a million times already amongst devs. At this point the only way to attack BTC, would be to offline 51% of the worldwide nodes, and simultaneously bring up 51% of the network nodes, forge the ledger into oblivion and commit double spends all over the place.  To achieve this you would need an astronomical amount of hash, infrastructure, coordination with world governments. With that last bit being highly unlikely. And all of this to say, is you're suggesting BTC is the largest threat to the world financial systems as is.  Literally the easiest and most common method of disruption they could do is to ban the individual ownership of it. Just like they did with gold. You cannot own it personally, but you can own a note that's worth x amount of Satoshi. Then incriminate violators. Bring down every CEX. Create an alternative DEX. Build in actual backdoors, lock up enough liquidity and bring down the entire crypto trading infrastructure as it is.  If they were actually as concerned as you think, they wouldn't be auditioning off the hundreds of thousands of coins they have confiscated through the years. Through American OTC CEX's, and through ETF's alone, they can perform enough price manipulation TODAY, to prevent BTC from ever becoming some 1 single ultimate currency replacement.

Savinox

So all the assets you can buy using this service are actually assets owned by stripe? Or they go through a pool DEX or CEX in order to process the payment?

CointestMod

#Nano Pro-Arguments Below is a Nano pro-argument written by Dwarfdeaths. > Copied from my post on the previous cointest thread: > > To start things off, I will take for granted that Nano is the best at simply being a digital currency. There is no other protocol that I’m aware of which matches the speedy, feeless, eco-friendly, and highly scalable properties of Nano for peer to peer payment. Its asynchronous mode of operation allows it to scale continuously as hardware and bandwidth improves over time. Its consensus protocol has so far proven secure and non-centralizing. The only flaw actually demonstrated in real life has been spam resistance, for which steps have been/are being taken to mitigate. When asked to envision a globally adopted cryptocurrency, Nano presents a clear solution. At the end of the post I will address some common arguments against Nano being good at digital cash, but otherwise I will move on to my main point. > > In the current landscape of crypto technologies, Nano’s functionality as *merely* digital cash can sound underwhelming. When confronted with the choice between a protocol that does digital money and a protocol that can potentially do “everything,” it’s easy to dismiss the money use case. On the contrary, I think being a good digital cash is absolutely critical and perhaps the only thing that matters long term. I have two main parts to my argument: First, most proposed uses for crypto are bad, and second, Nano isn’t incompatible with the good uses, and in fact is necessary for them to work. Before continuing I’ll note that Nano’s use case is not earth-shattering. For the average person in a modern country with the convenience of credit cards, it will make a pretty minor difference in their lives. For myself, it would have (a) saved me from paying an international wire fee while registering for a conference recently, and (b) would save the 3% credit card processing fee I paid at the DMV, as well as for all the businesses that normally foot this bill (which will probably be the main driver for adoption if it happens). Other things, like preventing the monopolistic control of payment processing (see OnlyFans) are also worth considering, and is one of the original motivations for bitcoin, but are less tangible. For countries without a stable currency it becomes a bit more serious as you're also inheriting a more usable currency than what your government can provide. So I think crypto has a chance to make marginal improvements over our existing system, and thus should be promoted, but isn't an earth-shattering breakthrough. > > Anyway. The first part of the argument is probably unpopular so let’s get it over with. **Most proposed use-cases of crypto(currencies) are bad.** This stems from the fact that a completely trustless, decentralized system can only agree on virtual information, such as opinions. Anything coming from the real world is subject to the “garbage in, garbage out” principle (also known as the oracle problem), or from enforcing anything that the ledger says on the real world. Money is one of the few things that is truly virtual (though, the exchange of goods is not!). In Nano, a transaction could be considered two people expressing the opinion that one should pay the other, and it is backed by their cryptographic signatures. Publishing and signing documents was one of the other earlier use cases for blockchains, and is essentially expressing your opinion that you agree with/to the document. A use-case like logistics or insurance or betting requires input from the real world. A block-chain can gather people’s opinions on whether some aspect of reality is true, but that doesn’t necessarily mean it’s true, which means you have to trust people to accurately represent reality. So, not trustless. And if it’s not trustless, why did you bother making it a crypto app? When you boil it down, 'crypto' can only every let you add the properties of (decentralized, trustless, permissionless) to something that was already possible with software. If that doesn't add any benefit, either because those properties weren't needed or because there is a practical reason that those properties can't be attained, then the proposed use case is ultimately doomed. Let me quickly go through a list of the most commonly cited applications I’m aware of and why they are bad: > > - **Stablecoins** – irrelevant once a global cryptocurrency is adopted. > - **Lending** – definitely worthwhile if it could be done, but AFAIK you can never do **trustless, uncollateralized loans**, which almost entirely defeats the purpose. If your collateral is another ostensibly fungible currency, then there was no need for the loan. Loans in the typical sense will always be trusting and personally identifiable for the foreseeable future. > - **Yield farming, liquidity mining** - Zero sum nonsense. > - **Insurance** - garbage in garbage out. Sure you can write a contract that will handle your insurance plan, but you need an authority to establish what actually happened in the real world. Who is going to verify that your car got dented in a hit and run, or that your water damage bills are accurate, or that a dude actually died? > - **Logistics** - garbage in garbage out. Blockchain doesn't prevent some guy in the supply chain from tampering with or misreporting a shipment. If something goes wrong, you are still going to have to investigate and track down exactly what happened in the real world for any resolution. > - **Crowdfunding** - An actually useful concept, but governance is tricky because it must all be based on the opinions of the network participants. Who is the arbiter of the deliverables? Did the fundee actually make the thing they said they would? Can the crowd just stiff the fundee even if they delivered? I think this problem may be solvable on average, but not universally. As is often the case, this decentralized application need not itself be currency. > > - **Decentralized exchanges** - Largely irrelevant if a true global currency like Nano is adopted. These could be useful for exchanging between the fast P2P coin and a privacy coin like Monero, but that’s about it. See part two below for more clarification. There’s again no reason to make the DEX a currency itself. > > It may sound implausible that a platform like Ethereum can have so much traffic and have little to no real utility, but I think this is a byproduct of the influx of speculative money into the system. Most of the traffic is either speculation or speculation services. Much like a roulette wheel is a legitimate service to facilitate gambling, most of these smart contract functionalities are services that facilitate moving money around in increasingly obscure and ultimately useless ways. While roulette wheels will certainly never go away, I wouldn't expect them to gain global usage either. > > Now for the second part of the argument. Any cryptocurrency that can’t natively scale to **global, day-to-day, coffee-buying** adoption is not a good cryptocurrency. As stated above, one of the main motivations for cryptocurrencies existing is that they are trustless, permissionless, and censorship resistant. If you need to go to an exchange to turn your cryptocurrency into a spendable currency, you are now trusting the exchange, you are requiring permission from the exchange, and the exchange can censor your wishes to buy whatever it is you wanted to buy. You can shuffle between as many neat cryptos on a DEX as you want, but ultimately if you want to buy a coffee you either need a crpyto that can scale to coffee buying or you need a fiat exchange that breaks crypto properties. Nano is the coffee buying crypto. Bitcoin’s store of value argument is destroyed by the necessity of exchanges. A true store of value can be spent at any time, on anything, without fees or the need to interact with any third party. (Note: lightning network sacrifices crypto properties, so I’m ignoring it as a cryptocurrency. People are free to treat it like a cryptocurrency, but it’s not.) > > For the few useful decentralized applications that might exist, they can almost certainly be made to work with Nano as their settlement layer, if they need a settlement layer at all. (BitTorrent is a DApp that existed well before cryptocurrency...) Smart contracts can look at the Nano chain for proof that a payment has been made, and can execute payments on the Nano network. There’s no need to have a platform where transaction and execution of arbitrary programs are competing for the same computing resources, and it creates a harmful economic pressure on transacting that will eventually create pain points when the network is inevitably pushed to its throughput limits. The decision against smart contracts in Nano is a conscious one. > > So, putting these things together, I think the vast majority of crypto coins are a bad idea, incorporating DEFI functionality is adding little or no value, and that above all the use case that will fundamentally matter is still performance as digital cash. Any secondary applications will need this core functionality/adoption as the starting point, and none of the other existing protocols do it as well as Nano. > > In the reply below I will address a few common arguments against Nano working as digital cash. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Nano) to find submissions for other topics.

mel2000

> CEXs ok but eliminate DEXs? DEX can't convert crypto to USD, so technically there's no money laundering involved.

Valuable_Crow8054

$SEAT is truly a gem. Original dev who is fantastic, great community that crowdfunded together TWO donations to fight against human trafficking, and no community takeover or pump and dump bs. 100% organic growth and chart of $SEAT on its first 16 days is nearly identical if not better than $TOOKER. Fantastic marketing as they are running ads daily on DEX. Without a doubt this is on its way to $50m - $100m MC within the next 3 weeks.

zesushv

Two almost perfect currencies that attract little to no fees; I say 'almost perfect' because they are only lacking DEX utility. But hopefully the work being done behind the scenes thanks to Zetachain interoperability solution will bring NANO and Litecoin utility to the decentralized exchange. To be honest, it always gives me joy to find that people actual know how useful Nano and Litecoin are even in the area of minimising transaction cost.

macetheface

imo coordinated FUD to keep price down; prevent people from buying and holding BTC so big banks can horde more. This type of shit happens every cycle. They'll go after BTC tornado's/ mixers/ etc. Not much they can do about DEX's esp offshore ones. Those will just outright ban US users like most already do anyway. It's the ones that allow US users that the US govt will try to shut down. Most don't want to deal with that hassle so just ban US. I just find it amusing as a whole - Bitcoin was initially created as a middle finger to the US govt and fiat money in general. We're now coming full circle and it'll all eventually be regulated by governments.

NrvOfEmRight

If out of US just use any wallet and buy BASE tokens via DEX like UniSwap or SushiSwap. No KYC for DEX (yet!) and you don’t have to have a Coinbase wallet. You would YouTube how to transfer say USDC to either USDC Base or ETH tied to BASE. It’s easy. This is then in your wallet and there’s nothing stopping or illegal for you to use DEX. Most of my investments are done through DEX anyways even though I’m US Coinbase customer. The micro caps aren’t listed until way down the line. 6+ months…if at all. So basically you won’t have access to the smart wallet via CoinBase but you can still buy/sell just like me right now, just maybe a few more steps involved.

Jesushelpher

Dogecoin, now hear me out. It is the grandson of bitcoin itself, being it is a fork of litecoin, doge has very fast almost instant transactions (1 minute block time). A lot of people have probably heard of this crypto and it has a reputation of being a friendly, easy to use crypto without all the other noise in smart contracts and such. I’d go out on a limb and say dogecoin is accepted in most if not all CEX’s and a lot of DEX’s. Most CEX’s charge between 1-10 Dogecoin to withdraw so it isn’t that high on the fees either. Be safe potential future shibe, and always DYOR when it comes to coins and taxes!

CointestMod

#DEX Con-Arguments Below is a DEX con-argument written by Nostalg33k. > # DEX: A contradiction to mass adoption. > > DEXes are a big part of the crypto economy, yet they have a lot of problems. I will present the main problems with dexes: The complexity of the legal ramifications, the liquidity problems and finally the lack of on-ramp system. > > # Introduction: > > Decentralized exchanges are systems allowing people to directly swap a cryptocurrency for another cryptocurrency. > > Main examples include PancakeSwap, SushiSwap, UniSwap and RcpSwap. These platforms mostly work through Liquidity providers (LP) and Yield Farming through transactions fees. > > While they can be usefull depending on your use of cryptocurrencies, they can also have issues which aren't going to be fixed anytime soon. > > &#x200B; > > # 1) The obvious legal problems > > &#x200B; > > There are obvious legal problems inherent to P2P trading. You don't know who will be using your P2P system. Since Dexes don't comply with KYC they can work with unlawful parties such as but not limited with sanctionned countries, organized crime, terrorists, hackers and your shady government officials. > > As a liquidity provider, are your lending your money to offer trading services? Are you offering banking services to people if you allow them to lend money to others. There are far reaching implications raised by Dexes. One can only wonder how long until they are regulated out of existence because they seem like the dark alley of the crypto space. > > &#x200B; > > # 2) Liquidity providers, the true bag holding strategy. > > Liquidity providers are the key to the inner working of Dexes. In order to have enough tokens to allow trading, you need to have enough liquidity in both sides of the pair. Obviously you can use more complex paths (A token for B, B for C and C for D when the custommer wanted to do A to D) if there is no liquidity in a given pair. > > Liquidity providers can see a pool be drained of one side of the tokens and the other side can depreciate leaving people with massive losses. > > Lastly a pool can be drained because of an exploit. > > All these risks are faced solely by the liquidity providers. While CEXes are also vulnerable to exploits, they are more safely managed through assurance and reserves in multiple assets (non crypto assets) > > # 3) Dexes will never popularize enough. > > Dexes are a niche tool, yes they have a looooot of value locked in their liquidity pools BUT a lot of our tokens aren't really liquid (Spoiler: there is not a trillion dollars in crypto currencies, the market cap is far from reflecting the liquidity of our assets). I'd argue that their big numbers are a trap. They are actually incapable of becoming popular for the common man. > > Most people will not want to have to go through multiple plateforms to check prices and liquidity; they don't want to worry about slippage and they just want a smooth experience. > > While CEX are not protecting them from these problems, they allow for a smooth ride and for people without technical knowledge to buy and send cryptocurrencies. > > The lack of on-ramp to transform USD or EUR into crypto is the final nail in a sturdy coffin. > > &#x200B; > > # Conclusion: DEXes are only good for power users. > > I'd argue that in this small essay I haven't provided reason to turn your back to Dexes. But the lack of simplicity means that the average investor may not need to know much about Dexes and can stay using CEX and their own wallet to really own their crypto (not your seed not your coins) > > If you have to use a DEX ask yourself, could you do the same in a CEX? If the answer is yes, then most people in your situation would prefer the simplicity of a CEX. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find submissions for other topics.

CointestMod

#DEX Pro-Arguments Below is a DEX pro-argument written by excalilbug. > The biggest advantage of Decentralized Exchanges is already mentioned in the name – they are **decentralized**. What does it exactly mean? If an exchange is truly decentralized it: > > &#x200B; > > * Does not store your assets or personal data = it is **private** and people control their funds. You yourself are responsible for your finances > * There is no one individual or small group of individuals who have full control of the exchange and there is no one point of failure = just like in (healthy) democracy everyone has a say in every decision and the **exchange can't be shut down so easily** (because its "servers" are spread around the world) > * There is **free access** = you don't have to go through KYC, so not only it is more private than centralized exchanges but also no one can stop you from accessing the exchange from anywhere you live. No KYC also keeps you **save from personal data leaks**. If CEX is hacked, your personal data might be leaked. And since you upload your ID there together with a lot of personal data such leaks are very dangerous > * There are **no middlemen** = all transactions are made directly between buyers and sellers > > &#x200B; > > The last point gives decentralized crypto exchanges a big advantage because – let's be honest – what people care most about is not decentralization or privacy – it is money. By removing the middleman DEXes can take much **lower fees**. DEXes can also save money on customer support, lawyer teams, marketing and many other things. That is why using DEXes is usually cheaper. Of course it all depends on liquidity of assets. But with time – as DEXes become easier to use and more popular (hopefully) – the liquidity will stop being a problem for most assets > > And it is hard to overstate the other important aspect of decentralized exchanges – **TRANSPARENCY**. > > Centralized Exchanges - especially the big ones – can manipulate the market. For example today most trades take place on Binance. This is very, very bad. Because if Binance isn't transparent (and it isn't) it can easily manipulate the market when it generates as much as 70% of total volume (n the case of Bitcoin Binance exchange is responsible for 98% of all spot trading volume - [https://cryptoslate.com/binance-takes-over-98-of-all-bitcoin-spot-trading-volume/](https://cryptoslate.com/binance-takes-over-98-of-all-bitcoin-spot-trading-volume/) \- whenever I'm reminded of Binance dominance I just wish it was Binance that collapsed instead of FTX. The market would crash much harder but in long term it could be very positive – see: Mt Gox). > > In the case of DEXes everyone is equal. Everyone can see all the trades that were made. Everyone can see market orders. **Everyone has the same data available**. CEXes can give only part of that data or even hide much of it. Then they can use it to their advantage (market manipulation, inside trading). > > Another important thing we need to remember is that Decentralized Exchanges are still a new concept. This might of course mean that it will all go to trash. But I prefer to think positively – I believe that there are many incredible **innovations awaiting us** and the concept of DEX and Decentralized Finance (DeFi) will succeed. I believe there will be many talented developers and visionaries who will come up with wonderful ideas and more and more people will start using DEXes. Eventually all centralized exchanges (both crypto and traditional) will be finally challenged and there will be more balance in the world of finance… > Let's keep our fingers crossed > > **TL;DR** – no middleman, no KYC, no centralized power who can freeze your assets whenever it wants, privacy, transparency, lower fees, innovative, the more popular, the more secure, can bring more balance to the world of finance, harder to manipulate the market because everyone has access to the same amount of information > > &#x200B; > > Sources: > > [https://cointelegraph.com/defi-101/what-are-decentralized-exchanges-and-how-do-dexs-work](https://cointelegraph.com/defi-101/what-are-decentralized-exchanges-and-how-do-dexs-work) > > [https://www.coinbase.com/pl/learn/crypto-basics/what-is-a-dex](https://www.coinbase.com/pl/learn/crypto-basics/what-is-a-dex) > > And other Cointest arguments (both pro and con) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find submissions for other topics.

CointestMod

DEX {{pros}} & {{cons}} with related info are in the collapsed comments below.

CointestMod

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Osmosis](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_osmosis), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Related subreddits: r/DEX, r/DeFi, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoMarkets/comments/1ceceli/dexarans_interview_recap_decentralized_exchanges/?sort=controversial). Doesn't work on mobile.

Littleglassfingers

I am still new to crypto (I started in February). My main interest is in BTC, which is over 70% of my portfolio, next is SOL. I recently started investing in DEX's (JUP & AERO) since they seem like they'll be seeing a lot of action once things pick up. I am not proud of my two meme coins but wanted to dabble and see what the fuss was all about. My plan is to continue investing into JUP & AERO for short term growth but mostly just stacking sats for the long term. Any thoughts?

CointestMod

#Shiba Inu Pro-Arguments Below is a Shiba Inu pro-argument written by cbelaski. > Shiba Inu (SHIB) is an ERC-20 token modeled after the king of meme coins Dogecoin. This token has evolved beyond meme status, focusing on decentralization with their own DEX ShibaSwap. > > ShibaSwap utilizes the 3 tokens in the ecosystem (SHIB, LEASH, and BONE) to facilitate transactions and provide rewards. ShibaSwap has gone all in on the theme, renaming staple terms to more dog centric names: stake is now bury and provide liquidity is now dig. This helps to immerse users into the ecosystem and provides a unique aspect to those involved. > > Shiba Inu also has an incubator dedicated to "cultivating an enviromnet which encourages creativity and growth." This incubator helps those in the community with their NFT aspirations and is a large part of their decentralization movement. > > SHIB also has a psychological advantage not many coins can replicate. This comes from the fact that their are 1 QUADRILLION coins in circulation. Having that many coins helps SHIB maintain it's low price and allows users to buy massive amounts of coins for a relatively small investment. While this doesn't really mean much in the grand scheme of things since market cap is what really matters, people are easily swayed by large numbers. > > Looking past the technicals, SHIB is a force to be reckoned with on the community front. Following Dogecoins footsteps, SHIB may have figured out the secret to quick growth and utilization: hype. It doesn't matter how good your product is if no one has heard of you. SHIB has gained a rabid following through the ShibArmy and taking just one look at their subreddit will show you that they have all drank the kool-aid. If they can keep this hype going, SHIB is a meme coin that will stick around for quite some time. > > Others will argue that these meme coins are a negative on the crypto space and only further the idea that this is all fake money, but it is actually the opposite. Hype leads to growing interest which leads to more users in the crypto world. Dogecoin paved the way for meme coins as an entry point for the average person, and Shiba Inu is just the next evolution of that idea. As more users flow into this space and add their fiat into the exchanges, the crypto world as a whole will continue to grow and head towards our ultimate goal of replacing the current financial system. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Shiba_Inu) to find submissions for other topics.

tossaway-acct

i’ve heard really bad things about hyperliquid so i never bothered. but it’s new info to me that there are so many perps with high lev on DEX. what do you think about gains? that’s the other one being commented

OG_Blaze

Well , its a DEX on base chain that has been running for almost a year

Vegas_42

If it's about onramp, then buy something like ARB on Kraken and withdraw for [0.2 ARB](https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums). That's appr. $0.2 in fees. After that you can swap on a DEX to ETH. I'm confident it's much cheaper than the $9 you mentioned.

Outsider4Life9

Crypto is NOT easy. I'm afraid to use these DEX's

Valuable_Crow8054

$SEAT is truly a gem. Original dev who is fantastic, great community that crowdfunded together TWO donations to fight against human trafficking, and no community takeover or pump and dump bs. 100% organic growth and chart of $SEAT on its first 16 days is nearly identical if not better than $TOOKER. Fantastic marketing as they are running ads daily on DEX. Without a doubt this is on its way to $50m - $100m MC within the next 3 weeks.

Valuable_Crow8054

$SEAT is truly a gem. Original dev who is fantastic, great community that crowdfunded together TWO donations to fight against human trafficking, and no community takeover or pump and dump bs. 100% organic growth and chart of $SEAT on its first 16 days is nearly identical if not better than $TOOKER. Fantastic marketing as they are running ads daily on DEX. Without a doubt this is on its way to $50m - $100m MC within the next 3 weeks.

CointestMod

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1ccyiu8/metamask_has_received_a_wells_notice_from_the_sec/?sort=controversial). Doesn't work on mobile.

Dark_Raiden_

Wtf r u doing with BUSD then lol. Go on DEX on Ur wallet and swap it out for WBNB or something. Cmc says there's a few pairs on pancake swap with enough liquidity

0xJarod

Are you mainly on CEX or DEX?

therestruth

I still think they have room to go. But ATOM specifically isn't as useful to me as osmosis or some of the other tokens that run on cosmos. The interoperability, low fees and quick tx are appealing with the DEX's and food number of airdrops and APY %. I've held a good portion of my stack the last 4 years.

CointestMod

#Cosmos Con-Arguments Below is a Cosmos con-argument written by Shippior. > \[Cosmos\](https://www.coingecko.com/en/coins/cosmos-hub) (ATOM) is a Proof-of-Stake (PoS) blockchain. It is the center of the Cosmos networks, including Osmosis, Juno, Secret, Evmos and 50+ other independent L1 chains which are all connected, called Gaia. Something that is not known to many people is that the Binance Chain actually uses the same software as Cosmos and is thus in theory compatible with Gaia. However so far Binance has made the design choice not to enable it as to keep their authority over their BNB chain ATOM uses a Byzantine Fault Tolerance as main consensus in it's \[Tendermint consensus\](https://docs.tendermint.com/v0.34/introduction/what-is-tendermint.html). > > The main strongsuit of Cosmos is the use of \[IBC\](https://ibcprotocol.org/) (Inter-Blockchain Communication). It is a protocol that is integrated in the Tendermint Cosmos SDK that is used to trustlessly communicate between chains. This allows new chains using this SDK to quickly integrate into the entire network and make use of all the capabilities of the other chains. Bridges between different networks have shown to be a weak point in architecture with the \[Nomad hack\](https://halborn.com/the-nomad-bridge-hack-a-deeper-dive/) and the \[Wormhole bridge hack\](https://blog.chainalysis.com/reports/wormhole-hack-february-2022/) as recent examples. Therefore relying on IBC, which essentially are many bridges is a risk. So far it has been closely monitored. Many IBC connections to LUNC where disabled quickly after the crash to limit the number of funds siphoned from the other networks but serious TVL has been lost through the LUNC crash, NOMAD bridge exploit and Crypto.com crash from the Cosmos networks. The network effect does not only share the good things but unfortunately also the bad events. In October it was even reported that a critical issue in the IBC was found after a \[security audit\](https://cointelegraph.com/news/cosmos-co-founder-says-a-major-security-vulnerability-has-been-uncovered-on-ibc). It was quickly patched but one remains to wonder what happens is a critical exploit in IBC is not caught on time. > > Currently Cosmos has no native stablecoins in the network after the Luna crash took UST with it. The main dominance of stablecoins is from USDC through the Axelar bridge. Therefore the dependence on this Axelar bridge is very large. This has led to the call to have a native stablecoin in the Cosmos network. USDC is said to bring a native USDC version to Cosmos in the beginning of 2023. In the man time there have been popping up stablecoins left and right, most of them algorithmic backed. Examples are \[IST\](https://01node.com/ist-the-new-cosmos-stablecoin-built-on-agoric/), \[CMST\](https://blog.comdex.one/introducing-composite-a-collateralized-stablecoin-for-ibc-bc76e15fa2ec) and \[SILK\](https://scrt.network/blog/shade-protocol-silk-privacy-preserving-stablecoin). However the introduction of this many stablecoins have led to fighting over which one is best and has spread the liquidity of these stablecoins thin which make them vulnerable for depegging. > > Governance is an important part of Cosmos, it tries to enable self-governance and sovereignty. Though with the full Governance abilities that Cosmos brings it also brings a lot of infighting. In the Stargate Upgrade the Gravity Dex was envisioned. This was supposed to be the DEX for ATOM. However it was seen by the community as a sponsored DEX from the community pool that was to compete with the already existing DEXs in the Cosmos Hub like Osmosis and Sifchain. This led to the failure of Gravity Dex, which subsequently rebranded as \[Crescent Network\](https://app.crescent.network/). It currently sits at about $7mill Total volume locked (TVL) compared to $150mill TVL on \[Osmosis\](https://info.osmosis.zone/), the most popular DEX in the Cosmos ecosystem. > > Later on there was a lot of discussion around \[proposal #82\](https://www.mintscan.io/cosmos/proposals/82). As the previous roadmap had ended it was time to come to a new roadmap. ATOM 2.0 was the proposal that was pitched during the \[Cosmoverse\](https://cosmoverse.org/), the annual Cosmos conferential. The proposal included new tokenomics for ATOM that would increase the inflation on the short term to decrease it further more in the long term. Jae Kwon, one of the founders of Cosmos, called the proposal \[outright theft\](https://www.coindesk.com/tech/2022/11/11/cosmos-founder-jae-kwon-says-he-is-against-proposed-changes-to-atom-token/) from the community. > > However this leaves ATOM still without much value. Currently the main value ATOM provides is a store of value and it is often used as a criteria for receiving airdrops from newly launched chains but it has been passed left and right by chains that offer more utility than ATOM has. As long as there is no consensus about the new roadmap it is going to be difficult to add value to holding ATOM. Looking at it closely shows that it has little to offer that competitors like Ethereum, Polkadot and Avalanche do not also offer. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

R4ID

according to the projects website https://www.welikethefox.io/ Its on OKX, Bybit, Kucoin, Gate.io, Lynex.fi & OKXDEX. so if you have an account at one of those exchanges, just deposit it, sell for ETh/USDC (whatever you want) and withdraw to your own wallet. Or go to one of the DEX's and swap it (you may need to bridge)

gr8ful4

That's why we do Monero on DEX. Let them eat their worthless fiat shit tokens.

hastaluegobaby

Consider crypto a casino, it fun to gamble in an app (CEX) but it’s way more fun to actually play in the casino (DEX)

pimptee

Hey u/emmerScreen, We are glad that you like our new branding! Regarding your two questions: 1. ATM since CLAMM is based on top of UniswapV3 it incorporates the idea of SSOVs which were designed to be offer yield from premiums and staking on different protocols, we are currently working on adding longer timeframes for expirations on CLAMM. You should expect to see them very soon. 2. You got it right, its like deploying a new LP pair on a DEX, the only additional step required would be to provide an oracle for volatility to price the options (which in a new market can potentially be priced via Realized Volatility which is rather simple to setup). The basic requirements would be having a UniV3 or UniV3 fork pool, the oracle for volatility and pretty much the option market would be ready to be deployed. The future looks SYK indeed 🫡

witherblock_stryke

[](https://www.reddit.com/user/TzTokChad/) is having issues replying atm due to some account problems, replying on his behalf: From tz: Hey u/mbdtf95, Stryke is a purely onchain protocol that's natively cross-chain. We simplify the LPing experience for crypto natives - it's pretty much the same as any Uniswap V3 DEX. For traders, it's as simply as clicking on your preferred strike and purchasing options - without the myriad of complex features that usually intimidate potential option traders. Our long term plan is to release permission-less option pool deployments across every chain while having $SYK and $xSYK being used to vote incentives to bootstrap liquidity on pools.

witherblock_stryke

1. ATM since CLAMM is based on top of UniswapV3 it incorporates the idea of SSOVs which were designed to be offer yield from premiums and staking on different protocols, we are currently working on adding longer timeframes for expirations on CLAMM. You should expect to see them very soon. 2. You got it right, its like deploying a new LP pair on a DEX, the only additional step required would be to provide an oracle for volatility to price the options (which in a new market can potentially be priced via Realized Volatility which is rather simple to setup). The basic requirements would be having a UniV3 or UniV3 fork pool, the oracle for volatility and pretty much the option market would be ready to be deployed.

uncapchad

Push it through a mixer or trade it on a DEX and then later maybe it ends up on a CEX. But there are still ways to get cash without a CEX using payment processors

gr8ful4

Coming to a CEX near you. Learn to trade on P2P markets or DEX. It will save your ass from future crypto wealth taxes.

MaximumStudent1839

A lot of ETH KOLers and influencers shill this token. They see it as part of “Base season”. It feels very fake and forced. Nevertheless, I don’t think it can compete with Uniswap. Uniswap has a16z backing and a shit ton of liquidity from big ETH whales. A DEX’s product is its liquidity. The more liquidity you have, the better shop you have. In ETH land, it is a dead game to bet on small guys to take on blue chips. The blue chips just have enormous liquidity firepower from big whales. If you don’t have their grace, you aren’t going to take on them.

emmerScreen

First of all congratulations on the transition to Stryke, I think that was a really wise choice to move forward. I have 2 Questions: 1. Folowing the depreciation of the SSOVs Options are there plans to continue a similar product by maybe implementing longer timeframes into CLAMM? Would be great to get a vision as to what happens next to CLAMM. 2. In the Discord I have read a lot about Permissionless CLAMMs. What would that look like? If I got it right one could launch a CLAMM pair for any token similar to deploying a new LP Pair on a DEX? If you could elaborate on that that would be amazing. Have a great Day, the Future looks SYK!

DigitylRise

Coinbase's smart wallet is coming, designed to be super user friendly so people can use the Aerodrome DEX for their Base chain.

JustAnotherUser_1

Because you don’t want to be connecting your main wallet to the DEX. If it’s a CEX then sure, skip that step. For example I transfer straight from my wallet to Kraken and vice versa… No middle steps. Main -> Kraken If you’re connecting your main wallet, then you risk being compromised. So if you need to connect *a* wallet, make it a burner wallet you’re connecting. So if I’m interacting with Uniswap and the likes; I will do Main -> Burner -> Uniswap Hope that clarifies?

Tomatillo-Brave

If you are trading frequently then there is less use case for a cold wallet. Also seems to me you are comfortable with the risk of high gains/losses. If that change’s during your journey but a cold wallet. You can use an exchange. Then you can think of using an DEX or CEX :)

uncapchad

it might not have been a someone but a something. These chat bots are rife on TG, X and Discord and usually closely mimic the conversation you were in then close/disable it when they have what they want. They are also very good at covering their tracks and usually leave no trace behind. Except for the blockchain You can see all activities of any address on the blockchain. The problem is establishing the identity of an owner. If they send funds directly to a CEX you might be able to get law enforcement to ask the exchange to block it. Usually what happens though, is the funds get pushed through a mixer or traded on a DEX first to obscure origin. It's a hard lesson to learn and until there is a better way of establishing people's bona-fides, this all high-risk. You have no idea of the entity on the other side of the conversation. Anything and anyone can be impersonated these days and it all looks extremely real and genuine.