Quick discussion about the idea to add advanced features to Uniswap. Is it possible to create a way for the swap to be triggered once the selected coins reach a certain price, obtain a desired coin quantity, and/or specific gas price range? I know for me when I’m swapping on Uniswap, I find myself babysitting the token prices waiting for them to line up, so to speak, with my specific price targets and final swapped coin amounts. I also find myself waiting for certain gas fees to line up to make the swap happen. It would be really neat if you could set swap parameters for the coins and the gas fees you are willing to spend on said swap. Once the parameters/thresholds have been met, the application could send you an alert to approve the transaction or at least know to begin monitoring the situation for a better swap to occur.
While I’m quite sure Uniswap can see the frequency my wallet has has executed swaps, I wonder if the protocol can also see how many times I’ve setup a swap, superficially approved the swap (just to view the real-time gas fees), and then rejected the swap because things didn’t fall into my desired parameters. If there is then you would see the massive amount of times I’m doing this on a daily basis ! Maybe there’s a better way to go about doing all of this? If there is, I’d love to know about it. Although, if it does exist, it’s not apparent or user friendly, at least not on Uniswap yet.
I think it would look very close to a market order on an exchange. When the targets are close, the application could then send you an alert to approve the transfer. I do believe something like this would save a lot of users waiting into the wee hours of the night for a best possible transaction situation to develop. Especially since “Expert Mode” leaves a lot to the imagination when it comes to the capabilities it provides the user.
I have seen on 1Inch that they have a feature to view the amount of estimated gas while swapping which is helpful. They also have a limit order section to make a limit order but that still does not solve the problem of wanting a desired gas range to be used when the actual swap is made. With the 1inch limit order you may get the price you are looking for but it could also be made at a time when gas fees are undesirable. Some people may care about this more than others, but I think with the increasingly higher cost of gas, more users are starting to care.
As I’m sure a comment like, “Wait for V3 to come out to see what it does before making a wish list type of post like this” could be said right now, I know, but I thought I’d throw this out there just in case. I have not found another discussion similar to this so if there is one, I’d love to read about it and vote on the possibilities.
- More Discussion Needed
- Wait for V3