03-21-2023, 05:37 AM
Buying moons price impact, mexc vs sushiswap
<!-- SC_OFF --><div class="md"><p>I just swapped 4.605 eth to moons and got 25,037.4 moons using sushiswap. It was at about 32 cents and my swap comes out to 32.7 cents/moon </p> <p>If I had market bought moons on the mexc order book, it would’ve jumped the price up to about 37 cents</p> <blockquote> <p>if someone bought 145,000 moons via market order on mexc right now, we would see $1 moons ?</p> </blockquote> <p>Whereas liquidity from SushiSwap is much more automated from the liquidity pool that just balances the moon to eth holdings to have equal dollar value</p> <blockquote> <p>If someone market bought 145,000 moons via swap on sushiswap, the price would only move ~17% = ~39 cent moons</p> </blockquote> <p>(Thanks to all of you liquidity providers, for your sacrifice.)</p> <p>(I don’t keep my moons in my vault, I keep them in cold storage since there’s no penalty for not holding paid-for moons)</p> <p>P.s. anyone who has bought on mexc before, have you noticed that bot that immediately outbids you if you barely bid over highest bid?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GMEthLoopring"> /u/GMEthLoopring </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wj4ht/buying_moons_price_impact_mexc_vs_sushiswap/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wj4ht/buying_moons_price_impact_mexc_vs_sushiswap/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>I just swapped 4.605 eth to moons and got 25,037.4 moons using sushiswap. It was at about 32 cents and my swap comes out to 32.7 cents/moon </p> <p>If I had market bought moons on the mexc order book, it would’ve jumped the price up to about 37 cents</p> <blockquote> <p>if someone bought 145,000 moons via market order on mexc right now, we would see $1 moons ?</p> </blockquote> <p>Whereas liquidity from SushiSwap is much more automated from the liquidity pool that just balances the moon to eth holdings to have equal dollar value</p> <blockquote> <p>If someone market bought 145,000 moons via swap on sushiswap, the price would only move ~17% = ~39 cent moons</p> </blockquote> <p>(Thanks to all of you liquidity providers, for your sacrifice.)</p> <p>(I don’t keep my moons in my vault, I keep them in cold storage since there’s no penalty for not holding paid-for moons)</p> <p>P.s. anyone who has bought on mexc before, have you noticed that bot that immediately outbids you if you barely bid over highest bid?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GMEthLoopring"> /u/GMEthLoopring </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wj4ht/buying_moons_price_impact_mexc_vs_sushiswap/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wj4ht/buying_moons_price_impact_mexc_vs_sushiswap/">[comments]</a></span>