1inch Exchange Review—Ease of Use, Fees, Wallets, and More

DexGuru Review—Ease of Use, Fees, Wallets, and More

DexGuru is a decentralized cryptocurrency trading and analysis platform designed for modern traders. At its core, DexGuru combines on-chain blockchain analytics and trading capacities under one roof. In other words, you can trade and monitor various digital assets on one platform. You can also analyze and compare the price movements of various digital currencies using multiple indicators. In essence, everything thought of a modern decentralized stock exchange can be found on DexGuru. A number of DexGuru users may agree that the developers behind this project did a fantastic job. The platform is exceedingly intuitive with a user-friendly interface. Read on to learn more ProsIntuitive and beginner-friendly interfacePlenty of on-chain trading informationIt supports many blockchains and walletsNo trading fees—users only pay for network gas feesConsOnly market orders are available It offers only spot trading Is DexGuru Easy to Use? Although DexGuru offers a plethora of essential trading information that appears jumbled on its front-end view, if you keenly compare it with most of its competitors, you will discover that DexGuru’s interface is as intuitive as its mission. Unfortunately, further intuitiveness enhancements are impossible because they throat the information down, and users encounter poorer experiences. However, even though it’s your first time trading digital assets, DexGuru has multiple documents to guide you through the website and its features. DexGuru Fees and Pricing Here are two easy steps on how you can trade crypto on DexGuru: You will need to link your Web3 wallet to DexGuru.You will have to ensure that you set your wallet to the appropriate blockchain. You will also be able to see the blockchain you are using on the upper right-hand side, near your wallet icon. With that said, you are now ready to trade! DexGuru has simplified the process of identifying coins from various blockchains by applying colored circles around a coin’s icon. For instance, they wrap the BNB token in orange circles. Furthermore, connected wallets are shown in similar colors as the circles of specific blockchains. Note You cannot trade tokens from two blockchains for each other. This simply means you can’t swap MANA (an ERC20 token built on Ethereum) for BUSD (a BEP20 token built on Binance Smart Chain). Nonetheless, most ERC20 tokens have pegged versions on Binance Smart Chain. To trade a particular asset, you need to choose it from DexGuru’s Market Selector section. You will only enter the amount of funds to be deducted from your Web3 wallet. Once you're done with this, the system will automatically calculate the amount of coins you will receive after a successful transaction. If this is your first time executing a transaction with a particular coin, you must complete a coin approval transaction first by clicking the "Approve/Sell" tab. After approving the token spending limit in your Web3 wallet, you will see a Swap Confirmation pop-up window. If the asset doesn’t require approval, you will see the Swap Confirmation just after clicking the "Buy/Sell" tab. You can modify the price slippage and validator tip and select the gas price within the Swap Confirmation window. After setting the above parameters accordingly, press the Confirm button to complete the transaction. Apart from network gas fees—which are mandatory in any exchange—DexGuru doesn’t charge any fee. The company depends entirely on donations and sponsorships to run its activities. Regardless, you won’t pay any fees as a DexGuru trader. What Wallets Are Supported by DexGuru? Most DEXs don’t support a broad basket of Web3 wallets because of security reasons. DexGuru supports most if, not all the popular DeFi wallets, including: MetaMaskTrust WalletWalletConnect Ledger (through MetaMask)Trezor (through MetaMask) Now that you are aware of the wallets supported by DexGuru, let’s discuss how you can connect your wallet to DexGuru. Before we do that, let’s first briefly discuss the benefits of linking your wallet to DexGuru. Benefits of Connecting Your Wallet to DexGuru Add assets to your preferred listSynchronize your preferred list across all your gadgetsTrade crypto directly on the DexGuru platformCreate price alerts via Push NotificationsAccess multiple chartsCreate trader and asset profiles How to Connect Your Wallet to DexGuru It’s important to note that DexGuru is a non-custodial crypto exchange. Therefore, the funds in your DeFi wallet are always under your full control. On Desktop Connecting MetaMask with DexGuru Search for the MetaMask wallet on your browserPress the wallet icon on the upper right-hand side Select MetaMaskDexGuru employs signature requests to authenticate users—you will need to confirm that you possess the private keys to the address by signing in Connecting with WalletConnect Press the wallet icon on the upper right-hand sideSelect WalletConnectScan the QR code from your WalletConnect wallet, and approve the Signature Request It’s worth noting that to connect WalletConnect to DexGuru, you must disable or delete the MetaMask browser extension as it conflicts with other wallets. Alternatively, you can switch to Incognito mode. That is it. On Mobile Connecting MetaMask or Trust Wallet to DexGuru Download and install a MetaMask wallet on your phoneProceed to your wallet app and search for Dex.guruPress the wallet icon on the upper right-hand sideSelect MetaMask or Trust Wallet Congratulations, you are done! However, for Trust Wallet, you need to change the network by: Pressing the wallet icon on the upper right-hand side of the browserSelecting Wallet ConnectScanning the code on display using the Trust Wallet appChoosing your wallet within the appChoosing your preferred network within the appConfirming the signature request within the appPressing “Save and Leave” within the app You're done. Information on DexGuru Tokens DexGuru uses Token Lists to offer its users more token information. Remember, verified status isn’t investment advice, final approval, or any recommendation. It’s a sign that a particular asset is trustworthy enough to be acknowledged by a listing creator like UniSwap. Besides, assets that aren’t fully verified and classified under the Full Degen Mode are not necessarily scams. Degen Mode basically contains assets that have not been inspected and certified by creators. As always, Do Your Own Research (DYOR) on any token before trading, especially those missing on Token Lists. Is DexGuru a Legit DEX Platform? DexGuru is a legit and modern trading platform for beginners and experienced traders alike. DexGuru stands out from other DEXs by allowing users to compare and monitor various digital currencies in real-time and use its rich historical data to make informed decisions. Above all, DexGuru imposes no transaction charges on trades.

Alpaca Finance—Ease of Use, Fees, and More

Starting as a stockbroker in 2015, Alpaca Finance has risen to be one of the biggest players in the decentralized finance (DeFi) space. As of June 2022, it offers one of the highest returns for yield farms and staking, so it is no surprise that millions of users in the DeFi space flock to it. When it was created, the platform started offering CFDs on US stocks and ETFs and offered one of the most extensive APIs for data research. Over the years, Alpaca Finance has evolved and has become one of the biggest DeFi projects, even creating its own token—ALPACA. It offers all of the features of modern DeFi, including yield farming, staking, lending, and borrowing on a blockchain. To learn more about the details of Alpaca Finance, continue reading. ProsProvides amazing DeFi features Offers access to incredibly detailed charting tools An overall safe and legit platformCommunity-owned and stands as one of the biggest players in DeFiConsCustomer support needs improvement Lacks the same variety of assets as its competitors How Alpaca Finance Works Since Alpaca Finance is a part of the DeFi space, it should be no surprise that its platform is placed on the blockchain. Specifically, Alpaca uses the BSC (Binance Smart Chain), widely regarded as one of Ethereum’s largest competitors. The platform’s token (ALPACA) works on a proof-of-stake algorithm, which is one of the main reasons sending and receiving money is so cheap. ALPACA is used for governance, DeFi features (like borrowing, lending, and leveraging), and an overall utility function on its blockchain. For every ALPACA coin you hold, you’ll get one vote in the network, meaning that you can participate in the big governance decisions. Like many DeFi projects, this blockchain is entirely governed and owned by the community. Obtaining Alpaca Finance Obtaining ALPACA coins is relatively easy. To start, you need to have a wallet on the BSC network. Then, all you need is to sign up at a centralized or decentralized exchange and buy the amount of ALPACA that you’d like. There are many places where you can buy ALPACA, though we would highly recommend researching for the most cost-effective one. We recommend sticking to the big platforms that have proven to be safe and cost-effective, like Binance, Gate IO, and KuCoin. Alpaca Finance Farming Options Alpaca Finance offers many features to those who want to participate in the network and earn money from DeFi, with farming and lending being the biggest ones. Let’s go over them briefly. Lending Lending is one of the safest ways to earn interest at Alpaca Finance. When lending at Alpaca Finance, you’ll deposit the crypto in question, give it to the platform, and the amount will then be given to a borrower. Then, the borrower will have to pay back the loan with interest. The loan will be repaid in full thanks to smart contracts, so you don’t have to worry about the borrower defaulting. Yield Farming Yield farming is a higher-risk approach than lending, though it offers significantly better returns. Due to the way Alpaca works as a DeFi platform, you can put two coins together in a farm and then farm them by providing liquidity. Let’s say that you stake ETH and USDT. You'll receive a reward whenever a user comes to swap ETH for USDT from the pool (or vice-versa). Alpaca Finance also allows you to leverage your yield farming position, which is a big plus. Liquidating A liquidator is someone who provides the financial liquidity of the staking pool in question. Since ALPACA’s network is a proof-of-stake blockchain, liquidating automatically translates to liquidity farming, which rewards you with ALPACA—the same coin that you can later use to vote and participate in the governing process. Why Is It a Good Idea to Invest in Alpaca Finance? As of June 2022, Alpaca Finance is a big participant in DeFi and is one of the most profitable DeFi platforms. For this reason, many experienced investors in the DeFi space believe that it has great potential. When buying ALPACA, you’ll have a chance to participate in the governing process of the coin and become a contributor to the DeFi space. So, yes, it’s a good idea to invest in ALPACA.

Alpha Homora—Ease of Use, Fees, Wallets, and More

Alpha Homora is the first product that Alpha Venture DAO (formerly Alpha Finance Lab) ever released. As a platform, it is a pioneer in DeFi, and it practically helped define what leveraged yield farming is and how it works. Yield farming is a process in which crypto farmers provide liquidity to decentralized exchanges. In return, they get rewarded with a part of the fees that the users pay at the platform providing the pools. What makes Alpha Homora special is that it allows users to leverage their yield farming position up to 2.5x. It also provides yield farmers with plenty of options that they can set according to their own preferences. In simple terms, Alpha Homora gives crypto farmers the opportunity to maximize their earnings from liquidity mining. However, do keep in mind that while the product allows you to increase your profit, it also increases the risks, as is the case when working with leverage. ProsAn innovative product that provides a new approach to yield farmingBeneficial to both yield farmers and the entire DeFi systemGives users the opportunity to earn more without relying on intermediariesAudited by PeckshieldIncludes users in the governance process by providing tokensConsIntroduces higher risks of liquidationIt is not free of vulnerabilities Alpha Homora Fees When comparing Alpha Homora with other DeFi platforms, its fees are on the low end of the spectrum. Alpha Homora charges a borrow interest rate of 10% for the vast majority of yield farms, 8% of which is given back to the lenders. The remaining 2% is the platform's fees, so you can say that Alpha Homora charges 2% for all transactions. However, there are many ways you can go about mitigating these fees. For example, you can earn additional interest through an interest-bearing position. A user can deposit their ETH and get rewarded with tradeable ibETH tokens, which will continually earn interest. What Makes Alpha Homora Unique? The way that Alpha Homora's platform is designed allows users to leverage their liquidity mining exposure. This has never been seen before in the DeFi space (especially in yield farming), as crypto farmers never had the chance to improve their positions. For this reason, Alpha Homora is the first product of its kind. However, this is not the only thing that Alpha Homora offers. The platform also supports ETH lending and has various unique features that are worth checking out. The fact that Alpha Homora allows its users to earn according to their preferences is what makes it so appealing. Liquidators and Bounty Hunters At Alpha Homora, there are special users called liquidators and bounty hunters with unique features over the regular user. When the position of a user falls below the liquidation ratio of the platform they are using, liquidators can liquidate their position and get 5% of it as commission. Bounty Hunters can sell all of the tokens they farmed at Alpha Homora for ETH and then reinvest the collected ETH in the pool, earning 3% of the total reward in the process. If these numbers and reward rates sound appealing, you might want to check Alpha Homora out. Yield Farming Options of Alpha Homora Crypto farmers can start yield farming at Alpha Homora immediately after linking their wallets with the platform. There are many pools at Alpha Homora, but the most popular ones include: WETH / WBTC (Uniswap) WETH / USDT (Uniswap) WETH / USDC (Uniswap) WETH / DAI (Uniswap) WETH / DPI (IndexCoop) One thing that is important to note about the yield farming on Alpha Homora is the way that the farmed ALPHA token is reinvested. The people behind the platform explain that reinvesting the token every day will passively yield a higher potential for profits. Also, keep in mind that the list of pools mentioned above might change, so a new pool might be added when you register on the platform. Why You Should Invest in Alpha Homora The introduction of Alpha Homora to the DeFi industry is a revolutionary and game-changing move. This does not only apply to yield farmers; the ability to leverage liquidity positions will impact the entire DeFi ecosystem. While leverage yield farming is the main reason Alpha Homora has risen in popularity, it offers a few other interesting options for advanced users to explore, like its interest-bearing Ethereum accounts. When you add its special users (i.e., bounty hunters and liquidators) and their unique features to the mix, there are plenty of reasons you should consider investing in Alpha Homora.