>>61921599>stablecoins>exchangesDeserved.
>>61921599What is slippage and who would set it to 99%.... Probably above 100 iq bigbrain bros fr fr no cap!
>>61921599why did you repost this shit from the last decade?
That’s why I use Rubic unironically. It’s the only swapping service that has decent privacy features.
>>61921599Proof of stake was a retarded concept in hindsight
>>61921599should have used cow swap or curve or whatever>>61922103rubic's website, like chainlink, stopped working with brave browser integration.rubic is a scam anyway
https://www.lightspark.com/glossary/stablecoin-sandwichthanks for this op, one less way i can get rekt from now on
>>61921599once you add all the losses from smart contract exploits and MEV bot shenanigans it becomes quickly apparent that only a fucking moron would expect institutions to adopt eth as a transaction layer.
>>61922425What is slippage?
>>61921599Guess he should have set a higher gas fee lmao
>>61922206>PoS it's in the name
>>61921797it’s last week you retard
>>61922425yep, obviously not when they can’t control it.
Meanwhile.......
>>61922425link solves this unironically
>>61921599Why isn't SVR used everywhere?
>>61921599>ethThere’s your problem.
>>61921599Wtf does this even mean in plain English? I'm somewhat retarded, can someone explain
>>61921599Wait a second that's not a transaction that's random AI slop
>>61924989You're telling me you don't use "Uniowap V3"?
>>61924939https://www.coinbase.com/learn/crypto-glossary/what-are-sandwich-attacks-in-cryptoonly happens with PoS shitcoins like ETH
I'll try to explain it as simply as possible:Everything in a blockchain is public and these swaps (like uniswap) use pools of tokens to facilitate trades...so a USDT/USDC swap has an equal amount of each token.As people trade more USDT for USDC, the price of USDC goes up relative to USDT...so basically as the number of USDC goes to 0, the price of USDC (in terms of USDT) goes to infinity. The idea is you always want an even amount in each pool to keep prices stable.People run blockchain validators with software called "flashbots" which is very quick software. These validators get to decide the order of transactions in a blockchain, and they generally order transactions based on who is willing to pay the most in txn fees.So an analogy would be something like: you walk into a currency exchange and say "I'M GONNA SWAP $215K (i.e. USDC) for Swiss Francs (i.e. USDT)! Some guy hears you say this and cuts the line to get ahead of you (i.e. outbids your txn so he can do an exchange before you).He basically then runs up to the counter and buys a bunch of Swiss Francs before your turn comes up.Because he just bought a large amount, the exchange booth now has fewer Swiss Francs left and a lot more dollars. So the exchange rate changes...Swiss Francs just became more expensive.Now it’s your turn.You still go through with your $215K exchange, but the rate is no longer the fair 1:1 rate you expected. Since the booth’s supply of Swiss Francs is now low, the clerk gives you a terrible rate. You get way fewer francs than you should have.Right after your trade finishes, the guy who cut in line steps back up to the counter.Now the booth has tons of dollars (because of your big swap) and Swiss Francs are overpriced. So he sells the Swiss Francs he just bought back to the booth at this new, better rate.He walks away with more dollars than he started with.
>>61924989We are currently witnessing the beginning of the end, not long before the internet will become unusable
>>61921606does that include the nasdaq?
https://m.youtube.com/watch?v=UnPIVmkfSbs>is this guy talking about metalicus?
>>61925211thanks chatgpt
>>61921599I interviewed with a company that does this.Gravity Team.This is exactly what they do. They have bots operating on 60 exchanges jewing everyone.Owned by a Russian jew.
>>61925270Curious...why do you think that response was generated by AI? It is sad that any time you try to give an explanation on biz now, people just assume it is GPT. The rate at which people are offloading all thinking to AI is pretty demoralizing actually. The original response to that post would have been:>go back >reddit spacingor something similarly gay
>>61925297This isn't really "jewing" people...it is a feature of how these networks work and there are plenty of ways to avoid being sandwich attacked like this. So if you get sandwich attacked this badly, it's just ignorance. There are also networks that have fair ordering natively.
>>61921606>>exchangesIt's not an exchange
>>61921599>sandwich attackhttps://youtu.be/4TEbuSw_QBM
>>61925444kek baggies.
>>61922103my rubic stays cubic
>>61925316ngmi
>>61922103nigger just use the correct slippage wtf
>>61921599google the errortrust no one
>>61922350>Users accustomed to legacy banking systems rarely anticipate that their on-chain swap can be exploited before it settles.Lol at these niggas explaining why their shoddy products lost your life savings while calling banks "legacy systems"
>>61933509zero knowledge podcast does a few interviews with quants who run the firms. basically be smart and code hard.
Chainlink fixes this
