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@getsimpleid

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Tinkering with DeFi Capital Efficiency πŸ› πŸ“ˆ

Brooklyn
Joined March 2018
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@getsimpleid
SimpleID
4 years
1/ We've been heads down πŸ§‘β€πŸ’» developing a toolset that helps understand routing and liquidity performance for @Uniswap V2. Here's a thread that breaks down all the important concepts and features 🧡
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@getsimpleid
SimpleID
4 years
8/ We'd love to hear πŸ“£ from the community about the interest in using an advanced Uniswap trading product? h/t @jessewldn πŸ‘€ https://t.co/6A4C90eTtk
@jessewldn
Jesse Walden
4 years
While there's been progress on each of these RFPs for @uniswapgrants, all of these still stand:
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@getsimpleid
SimpleID
4 years
7/ Here's the dashboard with Top 10 best trades πŸ₯‡, amount of money saved, and other interesting statistics πŸ“Š. https://t.co/vEF4Y9Z3WE
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@getsimpleid
SimpleID
4 years
6/ When we simulated the trade with our multi-path router πŸš€, we were able to get an additional $5,198!!! πŸ₯³πŸ’Έ by routing the trade through multiple Uniswap pools! ⚠️ Note, it would've cost more gas to execute this transaction, but the excess in return more than makes up for it.
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@getsimpleid
SimpleID
4 years
5/ Usually, routing via hub tokens results in a higher return, but in this case, it cost the user ~$549!!😭 & more gas ⛽️ by taking a longer route. See the image below, Uniswap takes OCEAN > WETH > ALBT (in πŸ”΅), even though there's a better single-path route OCEAN > ALBT (in ⭐️)
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@getsimpleid
SimpleID
4 years
4/ When @uniswapgrants funded our project, we were tasked with finding inefficiencies in routing through 🏠hub tokens (i.e. WETH, DAI, USDC, USDT, COMP, and MKR). Here's a blog post outlining the issue further: https://t.co/o1FF7xfZvE
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@getsimpleid
SimpleID
4 years
3/ A few days ago, there was a large trade worth $94,368 in OCEAN for ALBT. And as you can see in the picture ☝️ above, we found a better single-path and multi-path route πŸ₯‡ that was significantly better! See tx here:
Tweet card summary image
etherscan.io
Swap 110,079.01 OCEAN for 23.96 ETH on Uniswap V2 | Success | Sep-03-2021 08:13:19 PM (UTC)
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@getsimpleid
SimpleID
4 years
2/ We built a dashboard with large (>$50k) trades populated from @graphprotocol Uniswap V2 subgraph πŸ•Έ. Then we analyzed how those trades would have performed with our single-path (not restricted to hub tokens), and multi-path routing 🏎
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@getsimpleid
SimpleID
4 years
1/ Last week, we released our product that helps the @Uniswap community understand inefficiencies with V2 routing πŸ›£. We decided to run some analysis πŸ”¬ against live trades to measure the performance and here's what we found 🧡 https://t.co/WWHsn8Z0yT
@getsimpleid
SimpleID
4 years
1/ We've been heads down πŸ§‘β€πŸ’» developing a toolset that helps understand routing and liquidity performance for @Uniswap V2. Here's a thread that breaks down all the important concepts and features 🧡
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@getsimpleid
SimpleID
4 years
We're building a dashboard πŸ“‹ that posts new trading and liquidity provisioning opportunities to help πŸ›£οΈ the @Uniswap community make better trading decisions. Let us know what features you'd like to see 🀟!
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@getsimpleid
SimpleID
4 years
Using the simulation πŸ‘Ύ tool we built with the support of @uniswapgrants, you can break down 🚧 the trades further and play with different parameters like the number of hops and slippage to destination πŸ—ΊοΈ
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@getsimpleid
SimpleID
4 years
Analyzing πŸ”¬ route inefficiencies for @Uniswap V2 helps you understand where #Liquidity is missing πŸ‘» in pairs. $GNO and $GRT benefit massively via multi-path routing as seen in our reporting πŸ“Š tool
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@getsimpleid
SimpleID
4 years
You can try out the tool πŸ§‘β€πŸ”¬and explore πŸ”­ the reports here:
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@getsimpleid
SimpleID
4 years
Some statistics πŸ“Š to highlight in the below video: - 8/1406: πŸ˜’ Single path trades with a higher token yield - 166/1406: 😳 Multi path trades with a higher token yield - πŸ”Ό18% (+$10k): 😱 Largest multi-path improvement found - $GNO $GRT: πŸ€‘ tokens with the most liquidity crunch
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@getsimpleid
SimpleID
4 years
It's time to take a deeper dive πŸͺ‚ into the @Uniswap V2 routing performance πŸ‡ tool we released yesterday. https://t.co/WWHsn8Z0yT
@getsimpleid
SimpleID
4 years
1/ We've been heads down πŸ§‘β€πŸ’» developing a toolset that helps understand routing and liquidity performance for @Uniswap V2. Here's a thread that breaks down all the important concepts and features 🧡
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@getsimpleid
SimpleID
4 years
22/ And of course thank you to the UGP v0.1 members that voted to fund our project: @jessewldn, @monetsupply, @ashleighschap, @rleshner, and @kaiynne
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@getsimpleid
SimpleID
4 years
21/ We used the data from the Uniswap V2 @graphprotocol subgraph to compile the data needed to build the routing information:
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@getsimpleid
SimpleID
4 years
20/ In order to quickly get the default Uniswap V2 routing information, we used a great library built by our UGP cohort member @devjoshstevens
@devjoshstevens
Josh
5 years
2.0.0 simple-uniswap-sdk now supports trading on uniswap v3 and uniswap v2 side by side. This means dApps can use 1 easy interface to get the best quotes comparing both versions of uniswap in a simple web2.0 style npm package. @Uniswap @uniswapgrants
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@getsimpleid
SimpleID
4 years
19/ We have a lot of people to thank 🀩 for supporting our project. First of all, thanks to @nkennethk and @uniswapgrants for being a great resource and enabling us to research and develop these concepts.
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@getsimpleid
SimpleID
4 years
18/ Advanced trading πŸ›Έ interface for Uniswap -- like what @kwenta_io has done for @synthetix_io traders. We can expose niche trading features, real-time data, and simulation tools so traders can execute the orders smarter πŸ€“
@SNX_Exchange
Synthetix Exchange βš”οΈ
4 years
Kwenta is currently King of the volume charts in the @synthetix_io ecosystem. πŸ‘‘ New trading tools frequently added. Governance token in the works. L2 on the way. Zero slippage, no matter the trade size. Running out of reasons to not use Kwenta... https://t.co/pM2el8pg68
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@getsimpleid
SimpleID
4 years
17/ Multi-path & multi-protocol (mixin V2 πŸš‚ and V3 πŸš… pools) trading via smart contracts so traders can execute the trades that we found and get better order fill all on Uniswap V2. Maybe even multi-block trades as mentioned by @_Dave__White_:
@_Dave__White_
Dave White
4 years
I've been working on a new type of automated market maker with @danrobinson and @haydenzadams. The Time-Weighted Average Market Maker, or TWAMM (pronounced "tee-wham"), helps traders on Ethereum efficiently execute large orders. https://t.co/nvCPDJIrlY
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