Pay zero gas fees while trading on Uniswap with this wallet

cryptoaddictchie

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Quote from: elda34b on September 08, 2020, 01:26:21 AM

So how much fees you gonna save from this? By the sounds of it, it looks like they will still in profit even if they pay your gas. Looks like you'll lose more money doing this (or at least the number of tokens that you get will be lower due to the slippage fee).

Actually quite obsess with the idea. I know argent before shouldering the fee of transaction using their wallet but this one improved a lot by consuming uniswap fee. But always tricky to say that it could right? Slippage is always a concern on uniswap and a lot have been hurting by gas fee. So if this wallet is for real then they could be good alternative.

Especially if they can prove its legality. They have a noncustodial but does uniswap recognized this and wallet can be connect? Nice dig OP, surely will take a look on it.

Yogee

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Quote from: ice18 on September 09, 2020, 02:36:22 AM

Sounds new to me pay zero gas fees fees trading in Uniswap? so they will shoulder the eth fees? From what I know about uniswap the fees is based on the recommended real time gas needed to complete transaction if they will reduced the gas fees the transaction might take long to confirm and the price might change according to your price target.

You can ask the team directly if you are still doubtful about my post or what's all over their website but I'm confident they will give you the same answer. I am also sure they know how Uniswap works and the gas required for fast transactions at a particular time.

Quote from: ralle14 on September 09, 2020, 02:51:13 AM

......
The wallet is only good for small transactions since the slippage fees are based on percentage.

The current fees is already down to $3-$4 so there's no need to use the wallet but it could come in handy in the future.

Also here's the article about the issue with the previous slippage fee.

I can't say the amount of transactions that is good so it's still better to monitor check slippage fees and compare with the current optimal gas fees.

Yea, it's like an emergency wallet that you rely on when gas goes crazy.

That is the same article I was referring to in my post.

ralle14

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Quote from: Yogee on September 08, 2020, 10:24:01 PM

Quote

By the sounds of it, it looks like they will still in profit even if they pay your gas. Looks like you'll lose more money doing this (or at least the number of tokens that you get will be lower due to the slippage fee).

If gas fees shoots up to $20 or more, maybe it's better to use Dharma wallet since slippage fee is likely to be less. If the gas drops to a reasonable amount, you can use other wallets.

The wallet is only good for small transactions since the slippage fees are based on percentage.

The current fees is already down to $3-$4 so there's no need to use the wallet but it could come in handy in the future.

Also here's the article about the issue with the previous slippage fee.

ice18

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Sounds new to me pay zero gas fees fees trading in Uniswap? so they will shoulder the eth fees? From what I know about uniswap the fees is based on the recommended real time gas needed to complete transaction if they will reduced the gas fees the transaction might take long to confirm and the price might change according to your price target.

leea-1334

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Quote from: elda34b on September 08, 2020, 01:26:21 AM

So how much fees you gonna save from this? By the sounds of it, it looks like they will still in profit even if they pay your gas. Looks like you'll lose more money doing this (or at least the number of tokens that you get will be lower due to the slippage fee).

Most probably this is what happens. Which service is so kind as to take on all your expenses, especially now in terms of fees? Every business is for profit, so there is no way it is cheaper for you to use a service, than it is to use a wallet on your own.

Just spend with slightly below regular fees. I use 70% of suggested fees and it still just takes me 15 minutes or so,,, max one hour. That is bearable.

Yogee

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Quote from: elda34b on September 08, 2020, 01:26:21 AM

So how much fees you gonna save from this?

Nobody can say an exact figure because it changes from time to time. Just like price, gas fees fluctuates too. So how much are you gonna save? It depends on a lot of factors. Miners and traders play a role in the network's congestion and Uniswap's liquidity.

Quote

By the sounds of it, it looks like they will still in profit even if they pay your gas. Looks like you'll lose more money doing this (or at least the number of tokens that you get will be lower due to the slippage fee).

If gas fees shoots up to $20 or more, maybe it's better to use Dharma wallet since slippage fee is likely to be less. If the gas drops to a reasonable amount, you can use other wallets.

elda34b

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So how much fees you gonna save from this? By the sounds of it, it looks like they will still in profit even if they pay your gas. Looks like you'll lose more money doing this (or at least the number of tokens that you get will be lower due to the slippage fee).

Yogee

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I'm talking about Dharma wallet actually.

Apparently, they take care of the gas and miner fees if you trade on Uniswap using their wallet. There's a catch of course and that's them charging users with 2%-3% slippage fees on average depending on Uniswap liquidity. I've read an article that users were complaining about higher slippage fees before but that seems to have been sorted out by the wallet developer/s.

Other Pros I got from their website:
- No need to use web extensions to connect to Uniswap
- Mobile wallet is open source and non-custodial
- Codes are independently audited
- Can deposit from and withdraw directly to your bank accounts and credit unions

Cons:
- It's a hot wallet

If you want to learn more, dig in:
- https://www.dharma.io/
- https://twitter.com/Dharma_HQ
- https://github.com/dharma-eng/dharma-smart-wallet

.........

P.S.

I'm not connected to the Dharma team in any capacity. I just found out about the wallet today when I was searching for ways to reduce ethereum fees. So yea, consider this as a free service to anyone who is actively trading on Uniswap or those who are planning to. Always compare first if your savings from gas fees is higher than the slippage fees they charge.

I also found some tutorials: https://www.youtube.com/watch?v=wJ_JwHQ-Stc
Thread on slippage fee: https://twitter.com/Dharma_HQ/status/1299433888926687232

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