Quote from: peterlustig on October 16, 2020, 10:34:54 AM

Quote from: zasad@ on October 15, 2020, 07:57:14 AM

Quote from: peterlustig on October 15, 2020, 07:02:37 AM

I have heard a lot about 1inch.exchange but so far have never gotten around to use the exchange. Did you ever use their swap feature? If yes, then is it true that we can lower the transaction cost if we use their token CHI?

https://www.ethgasstation.info
Now, and so inexpensive commissions on the Ethereum network.
You can benefit from using CHI token if you purchase it when fees are cheap and use when fees are expensive.

1inch is a project that finds excellent solutions for a large exchange, it uses various decentralized services and allows you to profitably make an exchange in 1 transaction. If you change small volumes (several thousand dollars or less), then it is more profitable to change on Uniswap.

How much rebate do CHI tokens gives to users when we use them as transaction fees on 1inch? BTW does CHI only works on limit orders or it can be used for swapping at well? Would really love to find out more about how CHI works.

It is very difficult to answer your question because need to make calculations. A lot depends on the purchase price of CHI token, on the current commissions on the network and on the amount of your transactions. I said that it is not always profitable to use 1inch, because it is designed for large volumes. Uniswap is suitable for small transactions.

Introducing 1inch v2 — DeFi’s fastest and most advanced aggregation protocol
https://1inch-exchange.medium.com/introducing-1inch-v2-defis-fastest-and-most-advanced-aggregation-protocol-c42573dc3f85