[AIRDROP CONFIRMED ALERT!] - Be sure to make your trades on Cowswap Dex Aggregator ASAP. Future airdrop CONFIRMED!
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Hey ETH Chads - in recent weeks you've undoubtedly noticed both 1) High gas fees and 2) Airdrops raining down all over crypto (ENS, DYDX, Paraswap, 1inch, SOS, LOOKS etc). Here is some alpha for taking care of both in one fell swoop, a Thread: Next confirmed airdrop is Cowswap Dex. Confirmation tweet posted today: https://twitter.com/MEVprotection/status/1481736045347676164
Using a DEX directly (e.g., SUSHI / UNI) isn't the best because it doesn't give you the best price. Using a dex aggregator routes your trades to multiple dexes to get the best cost. Examples of dex aggregators are 1inch (airdrop already happened), Cowswap (future airdrop confirmed) or Paraswap (airdrop occurred). For example, lets say you wanted to swap $MIM for $OHM. Neither SUSHI or UNI has a direct $MIM / $OHM pool
A DEX will route the transaction (example) $MIM --> $DAI --> $OHM to get to the desired result. But what if the DEX doesn't have good liquidity on $MIM / $DAI or $DAI / $OHM? You pay more in gas and more slippage, getting less bang for your buck
An aggregator can route the transaction optimally for both gas and slippage. For example, swapping $MIM / $DAI on CurveFinanceand $DAI / $OHM on SushiSwap. You pay less gas and experience less slippage for an overall better financial outcome
Why mention Paraswap and Cowswap? I use both to find the best outcome and have found they perform the best. Both are likely to have an airdrop in the near future. Neither currently has a token (Paraswap just had an airdrop!) but there is quite a bit of buzz indicating this to be the case, and this has been confirmed in the case of Cowswap
Cowswap in particular has some cool innovations:
- MEV protection tech which prevents bots in the mem pool from buying just before your transaction (raising your price) and then selling immediately after you buy
- No ETH Gas fees! Cowswap takes fees from the token you swap to
Cowswap this month announced an affiliate program and have implied that "rewards" (hint, hint) will be heavily influenced by both: 1) Your trading volume and, 2) New users you refer and their volume
In full transparency, my affiliate link is below and if using Cowswap for the first time would appreciate you using my link below: https://cowswap.exchange/#/?referral=0xA96b1b45e5C50585d90ea7E5817C93D2CF20E1da
Then, I'd highly recommend you use your own affiliate link (https://cowswap.exchange/#/profile) and share with your network
Have a great weekend and remember when making your swaps, consider using both of these tools and share your Cowswap affiliate link to maximize your chance at a juicy airdrop!
TL;DR - Register for Cowswap with an affiliate link and make all your trades on there. Then promote your own link. More trading volume = bigger airdrop, similar to the recent 1inch/DYDX/Paraswap airdrop!
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