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>>61921599
>stablecoins
>exchanges
Deserved.

>>61921599
What is slippage and who would set it to 99%.... Probably above 100 iq bigbrain bros fr fr no cap!

>>61921599
why did you repost this shit from the last decade?

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That’s why I use Rubic unironically. It’s the only swapping service that has decent privacy features.

>>61921599
Proof of stake was a retarded concept in hindsight

>>61921599
should have used cow swap or curve or whatever
>>61922103
rubic's website, like chainlink, stopped working with brave browser integration.
rubic is a scam anyway

https://www.lightspark.com/glossary/stablecoin-sandwich
thanks for this op, one less way i can get rekt from now on

>>61921599
once 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.

>>61922425
What is slippage?

>>61921599
Guess he should have set a higher gas fee lmao

>>61922206
>PoS
it's in the name

>>61921797
it’s last week you retard

>>61922425
yep, obviously not when they can’t control it.

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Meanwhile.......

>>61922425
link solves this unironically

>>61921599
Why isn't SVR used everywhere?

>>61921599
>eth
There’s your problem.

>>61921599
Wtf does this even mean in plain English? I'm somewhat retarded, can someone explain

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>>61921599
Wait a second that's not a transaction that's random AI slop

>>61924989
You're telling me you don't use "Uniowap V3"?

>>61924939
https://www.coinbase.com/learn/crypto-glossary/what-are-sandwich-attacks-in-crypto
only 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.

>>61924989
We are currently witnessing the beginning of the end, not long before the internet will become unusable

>>61921606
does that include the nasdaq?

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https://m.youtube.com/watch?v=UnPIVmkfSbs
>is this guy talking about metalicus?

>>61925211
thanks chatgpt

>>61921599
I 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.

>>61925270
Curious...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 spacing

or something similarly gay

>>61925297
This 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
>>exchanges
It's not an exchange

>>61921599
>sandwich attack
https://youtu.be/4TEbuSw_QBM

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>>61925444
kek baggies.

>>61922103
my rubic stays cubic

>>61925316
ngmi

>>61922103
nigger just use the correct slippage wtf

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>>61921599
google the error
trust 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"

>>61933509
zero knowledge podcast does a few interviews with quants who run the firms. basically be smart and code hard.

Chainlink fixes this