Hey guys - in recent weeks you've undoubtedly noticed both 1) High gas fees and 2) Airdrops raining down all over crypto Here is some alfa for taking care of both in one fell swoop, a Thread:
Using a DEX directly (e.g., SUSHI / UNI) is usually less gas efficient and higher slippage vs. using an aggregator like Cowswap or Paraswap. For example, lets say you wanted to swap $MIM for $OHM. Neither SUSHI or UNI has a direct $MIM / $OHM pool
A DEX will route the transaction (example) $MIM --> $DAI --> $OHM to get to the desired result. But what if the DEX doesn't have good liquidity on $MIM / $DAI or $DAI / $OHM? You pay more in gas and more slippage, getting less bang for your buck
An aggregator can route the transaction optimally for both gas and slippage. For example, swapping $MIM / $DAI on CurveFinanceand $DAI / $OHM on SushiSwap. You pay less gas and experience less slippage for an overall better financial outcome
Why mention Paraswap and Cowswap? I use both to find the best outcome and have found they perform the best. Both are likely to have an airdrop in the near future Neither currently has a token but there is quite a bit of buzz indicating this to be the case
Cowswap in particular has some cool innovations: -MEV protection tech which prevents bots in the mem pool from buying just before your transaction (raising your price) and then selling immediately after you buy -No ETH Gas fees! Cowswap takes fees from the token you swap to
How I do it? Have both open in two tabs and compare the gas fee on Paraswap and the transaction fee on Cowswap (set your slippage settings) Choose whichever has the best outcome and lowest slippage. Use both in coming weeks to maximize your chance at an airdrop Cowswap today announced an affiliate program and have implied that "rewards" (hint, hint) will be heavily influenced by both: 1) Your trading volume and, 2) New users you refer and their volume
In full transparency, my affiliate link is below and if using Cowswap for the first time would appreciate you using my link below: https://cowswap.exchange/#/?referral=0xA96b1b45e5C50585d90ea7E5817C93D2CF20E1da
Then, I'd highly recommend you use your own affiliate link (https://cowswap.exchange/#/profile) and share with your network
Have a great weekend and remember when making your swaps, consider using both of these tools and share your Cowswap affiliate link to maximize your chance at a juicy airdrop!
TL;DR - Register for Cowswap with an affiliate link and make all your trades on there. Then promote your own link.
More trading volume = bigger airdrop, similar to the recent DYDX airdrop!
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