I think you would have slippage from low liquidity but I’m not too smart in that area
HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.
That would possibly cancel out the zero fees from fiat-gusd on gemini...
Yep, that’s right. But also, if you aren’t talking a large sum then it may not slip against you too much either way
Yeah neither am I. I don't really understand slippage
If you are swapping $1,000 or less there is basically no difference between GUSD and USDC
How about ~5000USD? and does it matter whether it's —->Fiat or —->Crypto?
Yeah I tried $100,000 too and the difference isn’t that big. I think a few hundred HEX difference. So I guess GUSD is as good right now as USDC
Fiat directly to HEX means you are probably paying much bigger fees so I would avoid that if you get GUSD for no fee on Gemini
aha, what I meant was does it matter if you are on-ramping to crypto vs. off-ramping to fiat?
Okay. Thank you. This is good to know.
Oh got it. I’ve only used Coinbase but there fees are the same in and out. $0 for USDC and I think like 3% for ETH and others
Is uniswap susceptible to those sandwich scams?
Let me further clarify: On uniswap does the "slippage" matter if you are going from HEX to stable vs. stable to Hex?
Yes, but that’s only if your slippage is too high. Just keep it low (under 0.5%) and you’ll be fine
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