I got access to $GRAY private beta ❗❗
Tested some swaps and saved a few hundred $
I genuinely can’t believe it took this long for someone to build an AMM that shaves whole % points off each swap AND eliminates frontrunning.
But it’s here, and this is how it works 🧵👇
Let’s start where it matters most.
@UseGradient solves price impact and slippage.
Just look at this transaction on Uniswap, I lose almost $100 👇
Now look at the exact same tx on Gradient.
I save $83 and get ~60 more $GRAY 💎
And yes it’s still in beta, but it works.
Swaps are legit, it’s all on etherscan 👀
Frankly the UI is as clean as it gets.
Let’s talk about the fulfillment section. It says 100% under Flash Layer, which means there is enough liquidity to fulfill my entire order.
You can see how much liquidity there is in the order book 👇
Remember, Gradient has 3 layers.
If there wasn’t enough liquidity in the Flash Layer, my swap would get routed through the Matching Layer (P2P).
If both layers were empty I’d just get routed to another DEX and pay what I’d pay anyway, but that shouldn’t happen often.
And this is really important.
There’s a setting called ‘Time to Live’ which I set to 1h for my swaps. This tells Gradient’s CORE how long to wait before capitulating to the Fallback Layer, so if it can’t fulfill my order within 1h, it will go to Fallback.
And let’s not forget the importance of MEV mitigation.
The Flash and Matching Layers are isolated off-market and transactions only go on-chain for finalization in a single (atomic) tx.
Frontrunning is impossible 🙏
Overall I’m super impressed.
The team seriously delivered 🔥
I only did a few swaps to test things out, but from what I’ve seen it works exactly as advertised. Can’t wait to see more pools get added.
What pools, you ask? Who will create them?
Well any new project that wants a healthier chart, for one. And market makers can create pairs and provide liquidity like any other DEX.
2 partners committed liquidity to their pools this month alone, and we’re not even out of beta.
Gz to @OfficialHashAI and @privixtoken for being early 🧠
Last month there were 6 others 👀
When this thing goes live it’s gonna be packed with traders and liquidity.
That’s it for now, but just know that when this thing goes live you’ll feel like a fool, a brute, uncivilized swine trying to swap anywhere else.
And you’ll be right to feel that way. $GRAY is the future 💎
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