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RE: Daily Crypto Markets Live Blog: Leomarkettalk In pHBD (05/08/22)

in LeoFinance2 years ago

Alright, seems like I am the first person opening the floor here. Well, I noticed some thing while trying to swap my pHive to Matic, it showed a warning sign saying High Price Impact and when I tried doing $40 transaction the value of Matic a $40 pHive would give me was halved to $20 worth of Matic. Any reason for that?

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Sometimes it is best to move pHIVE to POLYCUB then to MATIC in separate transactions if it is too bad. I found that the multi-transaction swaps can get expensive.

Also POLYCUB was wonky today with the fees. I had some I had to cancel since they were asking too much.

Sometimes it is best to just go back and try it in an hour or so.

Posted Using LeoFinance Beta

You could always just hit the speed up and change the gas prices higher.

Posted Using LeoFinance Beta

Yes I did that a couple times. Once it worked, the other still was held up for about 10 minutes.

Oh well, just have to be patient.

Posted Using LeoFinance Beta

The prices change but the wait time will definitely speed up. A few days ago when the CUB airdrop ended, one of my transactions didn't go through for an entire hour. I speed it up and it went by 5 minutes later. So I do think it helps.

Posted Using LeoFinance Beta

I think I got something similar when I was trying to buy PolyCUB with pLEO. I was expected to lose like 1.5% but I didn't lose that much in the end. It was only like $20 worth of pLEO and I got a lot closer to the amount I was expecting. So I think the swap menus just get confusing when going through multiple pools. For pLEO to PolyCUB, it had to go through like 5 swaps.

Posted Using LeoFinance Beta

Yes it can add up. The multiple pools can be a bit confusing to the apps. I am amazed it works that well. LOL

It also shows why more liquidity pools are required. This will allow for even more direct swapping.

Of course, we know that with the different coins/tokens we have, it is going to take a while.

Either way, we are seeing expansion.

Posted Using LeoFinance Beta