Topic: Swapping on MEW is way more expensive compared to actual swap sites? (Read 66 times)

goldkingcoiner

legendary

Activity: 2226

Merit: 1981

A Bitcoiner chooses. A slave obeys.

Ok so now I have tried out swapping with Trustwallet (BSC), which has 1inch protocol integrated. And swapping with Trustwallet's integrated swap function puts out EXACTLY the same prices as it would if you were to directly use 1inch. NO HIDDEN COSTS.

So Myetherwallet either is NOT integrated with 1inch, as it claims, or it is scamming its users by deliberately offering the worst prices while claiming them to be the lowest for a swap. I can find absolutely no reason as why swaps on myetherwallet have drastically different prices (BSC) even though they claim to be using 1inch. Angry

goldkingcoiner

legendary

Activity: 2226

Merit: 1981

A Bitcoiner chooses. A slave obeys.

Alright so I have been checking out 1inch and I must say, I am absolutely loving the interface. However, when I compare swaps with 1inch and myetherwallet (which uses 1inch as one of their swapping partners), I get two wildly different rates. Why exactly is this? Is someone trying to make a pretty penny by being a bit too greedy or is this something else?

Seeing as 1inch is one of the rates provided by myetherwallet swaps, shouldn't this be almost the same rate? Is MEW getting a worse deal because 1inch wants to funnel the defi crowd towards their own website?

If I were to go on pancakeswap, I would see a liquidity fee of about 7 busd. Still not that bad. Not as good as 1inch but still. I would love to know what everyone thinks of these practices, especially those who understand Defi much better than me. How can MEW possibly demand (secretly) over 80 BUSD on a swap on the bsc blockchain?

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