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I own DAI and I can hardly sell $1000 of it into any other crypto currency without incurring 1%+ price slippage.
by flyGuyOnTheSly 7y ago
I own DAI and I can hardly sell $1000 of it into any other crypto currency without incurring 1%+ price slippage.
- nootropicat 7y agoThe spread with usdc is more like 0.2% (both coinbase and dydx), but if the alternative is smuggling suitcases full of cash, 1% is hardly a problem
- Acrobatic_Road 7y agoMay I ask what exchanges you are using? There is 1.5M in dai liquidity on uniswap and as you can see plenty of people are moving huge sums without incurring noticeable slippage. https://uniswap.info/token/0x6b175474e89094c44da98b954eedeac495271d0f https://uniswap.info/token/0x6b175474e89094c44da98b954eedeac...