UNI released and Ethereum even more broken

avatar

image.png

Uniswap released their token, after being beaten to it by literally any vegetable on the planet.

As a result, a lot of accounts got 400 free tokens (current worth 1036 USDT) - which is cool, but as a result it killed Ethereum.

image.png

Ethereum is not known for being scalable, and the extreme GAS costs were already killing most small users, but this craze essentially brought the chain to hold.

image.png
Source: https://etherscan.io/chart/pendingtx

Anyways, I hoped UNI would come up with a L2 solution and release their token via it. Guess they had to rush it because of the competitors...

If you've ever used Uniswap, make sure to check if you have tokens waiting for you :)

I would not claim at this point, you'll never get the tokens and pay a lot of GAS.

As usual, do your own research and enjoy the FOMO.

FTX is super HOT right now! Trade on this innovative platform and enjoy 5% fee discount on me!! Click Here

Posted Using LeoFinance Beta

uniswap ethereum uni fomo ripthereum archon neoxian leofinance
0
0
0.000
20 comments
avatar

How long you can claim tokens? Is there a deadline?

Posted Using LeoFinance

0
0
0.000
Reply
avatar

I don't think there is a deadline, it's a smartcontract. so should be available until you claim it, or Ethereum breaks :D

0
0
0.000
Reply
avatar

We’ll wait until the next bear market then 😅

I’m curious if the wLeo guys will have some trouble with the start of their liquidity pool because of this jump in gas fees.

0
0
0.000
Reply
avatar

of course they will. Ethereum is unusable

0
0
0.000
Reply
avatar

Well, it is for whales :(

0
0
0.000
Reply
avatar

They even get less competition and can use the fact that small investors can’t move their funds

0
0
0.000
Reply
avatar
(Edited)

There are better blockchains for DeFi, but being on Uniswap will open a lot of new doors for LEO!

0
0
0.000
Reply
avatar

If successful, then it surely will. The way that it ties in with the long term plan for leofinance is beautiful.

Really the right thing to do at this time.

0
0
0.000
Reply
avatar

Any idea what blockchain will have the highest possibility of attracting some of this DeFi interest, now that ETH is increasingly harder to use?

0
0
0.000
Reply
avatar

I use EOS DeFi right now and moved some liquidity over. some serious potential IMO

0
0
0.000
Reply
avatar

I’ve heard that EOS also has some scaling issues already. Don’t know the details of it though

0
0
0.000
Reply
avatar

nope, they do not have scaling issues

0
0
0.000
Reply
avatar

Ok, let’s see if they can lure some projects away from ETH

0
0
0.000
Reply
avatar

They will expand everywhere!

0
0
0.000
Reply
avatar

I did claim them but when I tried swapping a part of UNI coins to ETH, the transaction had an error so it didn't go through. Sadly I lost gas fees. Then when I tried sending a part of UNI to Binance, the transaction got stuck so I decided to increase the speed but it didn't go well and the transaction failed again. Now I've lost more than 50$ on ETH but I still hope to swap a part of them because it would mean a lot!

0
0
0.000
Reply
avatar

yeah, took me several hours and $20 in fees to claim one adr... I will hold those UNI, so no stress on my side. but I can understand people rushing for the quick buck

0
0
0.000
Reply