One of the things that may have stopped me into all these is really the high gas fee of ETH. With small investment, the transaction fee may even be higher than our investment so it does not make sense for me to invest personally since I am not a big investor. I have seen quite a few swap systems that allow the providing of liquidity to earn but I have yet to try it. The need to balance with more than one tokens can be a bit confusing for beginners.
RE: I'm trying to buy some SUSHI but I'm vegan. Any suggestions?
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I'm trying to buy some SUSHI but I'm vegan. Any suggestions?
You might check Defibox on EOS where the gas fees are meaningless.
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Thanks for the suggestion.
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My pleasure.
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You're right. When I provided liquidity as low as 1 ETH, Gas fee was about 5% (one way) and I dunno how much it will be when I withdraw back. That's why I don't do short term transactions and invest only if I feel I may get much higher profit than what I incur on Gas fee.
I'd like to use other cheap transaction systems like JustSwap on Tron or DefiBOX on EOS but I don't have pools for my preferred tokens there right now.
Let's hope Steemit wallet is integrated to Tron or JustSwap system soon!
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