You are bing nickeled and dimed for everything you do onchain.
These trading bots have NONE of the fees listed anywhere.
Bookmark this tweet in the back of your mind.
Defi Tip 32: Stop paying extra fees... they add up and your edge is NOT that great.
Do you know who the biggest winners in crypto are? Bigger than the memecoin millionaires?
The swaps and trading bots. By taking a % of total volume that goes through their swap, they make millions... and millions.
Maestro alone makes over $100K / day from you idiots 🤣🤣 (https://t.co/1gv7CSDcVG)
Metamask makes over $200K / day 🤣🤣🤣
Uniswap makes over $400K / day 🤣🤣🤣🤣 (https://t.co/iiWaVBRAEk)
THIS IS ABSURD. STOP BEING STUPID. YOU DON'T HAVE TO PAY THESE FEES. THE ONLY REASON THEY CAN EVEN CHARGE THEM IS BECAUSE OF YOUR COMPLACENCY.
Here are the %:
Metamask Swap - 0.875%
Phantom wallet - 0.85%
Rabby wallet - 0.25%
Maestro - 1%
Banana - 0.5%
UNISWAP FRONTEND - 0.25%
Odos / Cowswap / etc - 0% most of the time, but VERY LARGE (up to 1% for Cowswap, possibly >>1% for odos) if price moves in your (I.e., their favor) between when you enter the order and when it executes
Many other aggregators - Same as Odos
Many other aggregators - 0.1-1%
HOW TO AVOID THE FEES:
RULE 1: AVOID MAESTRO AT ALL COSTS
If you MUST use a telegram bot, buy 2500 @ProdigyTradeBot tokens (very cheap), and get free trades on multiple chains.
RULE 2: Avoid in-wallet (e.g. metamask, rabby, phantom, Coinbase, etc.) and third-party swaps (e.g., dextools, dexscreener)
RULE 3: AVOID ODOS and other naughty aggregators in presence of high volume/volatility.
Use a feeless aggregator. If it's a low volume token, Odos is fine, but even then a bit risky. For mid-high volume tokens, avoid Odos and even Cowswap. Their fee structures are DEADLY for you. Avoid even llamaswap (aggregator of aggregators), because it doesn't take into account the fee structures. I personally use 0x API on Unidex (haven't found out how to use it directly, but Unidex doesn't take a fee so it doesn't matter) with very 0.1% slippage. On low volume tokens that have active front-run bots that make 0.1% slippage orders fail, I use mevblocker with full privacy (can describe in future post).
The only time you should use Odos/Cowswap, because they WILL give you the best return, is when you are trading highly stable (so positive slippage will never be large) pairs (e.g. WETH/USD) that have many liquidity pools (so they will provide an advantage over, e.g., 0x Api).
THAT IS ALL.
TLDR
Using Maestro / Banana / Uniswap / Metamask / Phantom / Odos etc. to trade Crypto is dumb. Please stop doing it.
Copy trading is now live for Moonshot tokens.
Time to take advantage of the opportunities at the new Launchpad by @dexscreener
Our Solana telegram trading bot gives you the edge as the only bot able to copy moonshot trades made by your target wallets 🔥
@Vorioo@adamscochran@0x_brandon@Lithio31 This isn't true. I had to use L0 tech to bridge a lot of assets, and in return I now got a decent chunk of $ airdropped. It's basically a cashback for usage. If you expected to EARN money from using the tech, that's on you.
@0x_brandon@Lithio31 There are two options in crypto for airdrops:
1) Use real products, like a real human and get real rewards.
Or
2) Hunt for rewards like mercenary capital who just wants to dump.
Both are fine, but if you pick the second one, you don't get to complain about the terms.