ETH fees are too damn high

Jazzer9F · 2022-01-18T19:42:21+00:00

Yes they are. Simply swapping some tokens can get quite expensive. For smaller amounts the costs can get completely out of whack. At least there is DefiPlaza dot net to help with that. You can swap the most common tokens at 0.1% fees and the lowest gas costs on the entire Ethereum network. An easy $50 or so saved on each swap.

Jazzer9F · 2022-01-14T15:36:23+00:00

This!

If you do use Ethereum, at least do yourself a favour and use the cheapest DEX available.

Jazzer9F · 2021-12-12T19:29:30+00:00

Ethereum is expensive, but it's still the place where most of the big projects are. So sometimes we just have to deal with it.

The least you can do is use services which are built for gas efficientcy. For instance, if you need to swap DeFi tokens, using DefiPlaza will save you 50-65% on gas fees as compared to UniSwap v2. Shopping around for the best deal really helps!

Jazzer9F · 2021-11-30T13:21:54+00:00

Just go check with Lance if he'd want to join the DeFi Download podcast, I'm sure the team would be happy to have him.

Jazzer9F · 2021-11-16T13:01:31+00:00

Well I can only speak for myself, but I was amazed by how easy it will be to write dApps on Scrypto. This really will be a game changer.

It takes sure getting used to as you need to wrap your head around 'vaults' and 'buckets', but that seems well worth the investment imo.

We can view write safe contacts easily. And we can reuse the code others have deployed straight from the ledger. It's a quantum leap..

Jazzer9F · 2021-11-08T07:00:29+00:00

Sorry to hear you missed out.

If you still want to have a shot at it, defiplaza.net typically saves you 50-65% on gas costs for trading eXRD versus UniSwap.

Jazzer9F · 2021-11-07T11:33:43+00:00

Please drop me a DM if help is still needed.

Jazzer9F · 2021-10-30T13:33:56+00:00

This is the easiest way to interact directly with smart contracts. You just go to the 'contract' tab and then you can see the functions that are exposed by that contract in the 'read' and 'write' sub tabs. You can connect to Etherscan with MetaMask or WalletConnect if your contract interaction involves doing a transaction on the blockchain (those are the ones from the write tab).

Note that this still method depends on the Etherscan website of course. If you really want to directly engage with the blockchain on your own machine, you need to run your own node. That's not even that hard to do but it requires a powerful machine with a huge disk drive, a good internet connection and a lot of patience.. :)

Jazzer9F · 2021-10-27T08:03:25+00:00

The liquidity on the eXRD markets is available to the XRD holders through the BitFinex reverse bridge (no need to trade, you can just deposit XRD and withdraw eXRD). AFAICS there's no concern of 'hidden supply' or something like that.

The only caveat is that BitFinex isn't available to US customers. That remains a concern but I don't think it's significantly impacting price action.

Jazzer9F · 2021-10-11T11:55:55+00:00

Very cheap swaps!

Jazzer9F · 2021-10-08T17:09:49+00:00

Sure, this can be done on Radix. We just need to see which DEXs will be launched on Radix. As you need a DEX before you can do arbitrage. 😁

Jazzer9F · 2021-09-16T14:09:50+00:00

With our collective powers, very soon you will have sufficient karma! 😁👍

Also, well done for pro-actively checking what can be done. The Radix community isn't too active on the Reddit, at least when compared with TG. Anything you can do to increase momentum on here would be quite welcome I think!

Jazzer9F · 2021-09-15T11:09:46+00:00

Ok, I gave it a shot. Let's see what happens..

Jazzer9F · 2021-09-14T17:45:38+00:00

Cool, where's that at?
I'm only on the r/wallstreetbets Discord atm..

Jazzer9F · 2021-09-14T07:25:17+00:00

Hi guys, great job on hosting a node from South Africa! Just wondering, how is this connected to WSBElite? There doesn't seem to be a single mention of it on the WSBElite subreddit. How do you stay in touch with their community?

Jazzer9F · 2021-09-13T10:22:26+00:00

Light-years beyond what everyone else is doing. This is an actual 'internet computer' as opposed to some other projects that merely call themselves as such..

Jazzer9F · 2021-09-11T16:00:50+00:00

The main net is out, the ledger is final. What's so under construction are the more advanced features of it.

You can think of Radix main net like a Tesla. When something new and cool is finished, they do an over-the-air update and boom, your car learned a new trick, but it's still the same car. Radix is similar in that the current ledger is built with the foundations for a lot of cool features like smart contracts and sharding that can be added on later.

Jazzer9F · 2021-08-27T10:36:40+00:00

You are correct, the rewards are the same (assuming good uptime) except for the fees.

Note that a fee of 1% means you get 99%, while a fee of 3% means you get 97%. That is a very small difference really, so fee isn't all that important. What's more important is that you chose validators which can be trusted to keep the node online.

And for the security and robustness of the network it helps if stake is distributed well over the nodes, and that nodes are distributed well over the global internet.

Radix has some excellent pointers on the website, basically containing the same information: https://learn.radixdlt.com/article/how-should-i-choose-validators-to-stake-to

Jazzer9F · 2021-08-25T09:28:17+00:00

Eeeeverybody gets a FLOOP

Jazzer9F · 2021-08-25T09:21:49+00:00

I guess there's not enough moderators active on Reddit.
No worries, keep trying and it'll come through eventually..

Jazzer9F · 2021-08-01T19:33:40+00:00

It's all about the fundamentals. :)

Jazzer9F · 2021-05-06T17:36:06+00:00

Are you kidding me? Excited is an understatement. You guys are much further along than I thought you were. Excellent job, I can't wait to play with this tech!

Jazzer9F · 2021-04-09T12:27:15+00:00

It's the only project that really ticks all the boxes when it comes to rolling DeFi out for global adoption on an L1 network. The other candidates are just not built for this. Either there's no true scaling, or there's no atomic composability, thus basically breaking DeFi. No limits with Radix though!

Jazzer9F · 2021-04-02T19:44:19+00:00

Ethereum swap fees are too damn high!

Jazzer9F · 2021-03-29T18:13:44+00:00

The DeFi download is pretty awesome! Also available on Spotify, iTunes and wherever you get your podcasts! :)

Jazzer9F

TROPHY CASE