What does the Horde think about decentralized exchanges like Uniswap.

I’m curious to hear from everybody here what their thoughts are about decentralized exchanges (aka DeX) like Uniswap, SushiSwap, PancakeSwap, Quickswap, etc.

Have you used them before either for trading or staking? Was the experience good? What do you like about them? What do you dislike? What made you choose one versus the other? If you staked liquidity, how did you think about where and and what to stake?

But I’m also interested about hearing if you’ve never used one. Are you aware of DeXs in general? What is your understanding about the different brands out there, e.g. Uniswap vs SushiSwap? Has anyone done a good job explaining how they work? Are you planning on trying them at some point in the future? Is there any specific issue that turns you off from them? Do they feel they’re accessible and usable or too technically complex? If you have friends who’ve used them, how was their experience?

The reason I ask is because I’ve started a project with the goal of building the next generation DeX. I’d like to create a much better user experience that brings more people into the space. But to do so, I need to understand people’s pain points.

The Horde is, IMO, one of the best crypto communities anywhere on the Internets. If I could build the community around my project to look anything like the one here, I’d be ecstatic. You guys are the profile of my ideal users. So anything you can tell me about your opinion on the topic would be incredibly appreciated.

Thanks in advanced for all the helpful replies I know I’m going to get. I’ll do my best to use it and create something that the Horde can be proud of.

Posted Jul 7, 2021, 1:02 PM UTC

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JeremySoCaMod'Father OG :illuminati:•

First off, thanks for that amazing compliment. The horde makes the CryptoHorde and we all do our part. Uniswap is the most respected swap out there as far as I’m concerned. I do like 1 inch as well and hear they “give you” 1 inch for using it. Not confirmed personally.

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KuantumWinterCryptoHorde OG Mod•

I have used Uniswap liquidity pools which have provided some nice returns so far. Uniswap is quite solid and one of the best DEX out there right now.

Quickswap I have used for the Matic network to swap wMatic and USDC to Matic and I can't comply. Works as intended

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[deleted]•

I have purchased a few shitcoins from uniswap. Good experience i guess. Gas was a little tough in march though.

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I stay away from Sushiswap and Pancakeswap. Too many horror stories. DYOR.

Uniswap is the gold standard but held back by gas fees during high action periods.

Quickswap, IMHO is useful, but its future is questionable unless it pivots.

Its only claim to fame is cheaper fees over Eth based *swaps. You need to bridge over funds. Questionable utility.

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[deleted]•

Looks like i need to buy some UNI then..

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Do your own research, of course.

But the fact that many of these alternate dexes are straight up Uniswap forks is a strong indicator IMHO.

Not financial advice.

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[deleted]•

Yea, why deal with a fork when you can go straight to the original source?

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Yup. Eth fees is the thorn in the side. But so much innovation happens on Uniswap.

I was going to buy quickswap and honey but I just don’t see it.

I am often wrong, so trass with caution and DYOR.

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[deleted]•

I love them.
No KYC...

You just have to be careful. So its a trade off.

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SetoXlll•

I love love love Quickswap it’s the swap that I have used to the most, specially for “DE-FI”. I love the bridge function that it provides, so that you are able to bring your matic over to polygon 2.0 real easy. I also use QS to create LP tokens. I currently have my fingers dipped in the Moonwolf universe, farms and pools. I love how simple, fast and basic QS is.

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