02-21-2022, 12:23 AM
I tried Cardano DeFi for the first time and it was incredibly bad
<!-- SC_OFF --><div class="md"><p>Look I'm not someone who's just dipping their toes into DeFi for the first time, I've used other networks and various protocols and I want to know what went so wrong with my first Cardano experience. So please keep an open mind.</p> <p>Here's my story:</p> <p>Installed Nami wallet. </p> <p>Started a withdrawal of just 5 Ada from Kraken to this wallet, it took 30 minutes (??) for funds to arrive.</p> <p>Went to SundaeSwap, tried to swap 1 Ada for 1.4 Sundae but kept saying that I have insufficient funds, apparently Sundae has additional fees that I was not aware of (2.5 Ada + some refundable deposit of 2 Ada).</p> <p>Waited another 30 minutes to withdraw more Ada.</p> <p>Big red warning on the Sundae page that the network is heavily congested. Checked the explorer and blocks were indeed (85%+) full while running at 2 tps. How is that possible?</p> <p>First 4 swap attempts failed with 0 warnings, nothing to be found on-chain in the explorer, just pending attempts that disappeared after reconnecting my wallet.</p> <p>The 5th one I think was recorded on-chain and remained in pending.</p> <p>40 minutes later another on-chain swap attempt magically appeared, probably from the first 4 "failed" txs. Wtf?</p> <p>Tried to cancel this second order...cancellation pending with 0 feedback on what is happening, tried to cancel 3 more times... nothing.</p> <p>Exactly one hour and 7 minutes later the first swap completed.</p> <p>I'm used to getting near instant confirmations and swaps on other networks, 1 hour+ is definitelly the longest I've ever had to wait on any Dex by a factor of 1000x and combined with all the fails and weird behaviour that I got I can't call this a good UX. What exactly went so wrong and what's the solution? Please don't call me a fudder because none of this is made up and anyone can try it for themselves.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Simple_Yam"> /u/Simple_Yam </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sx3yhs/i_tried_cardano_defi_for_the_first_time_and_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sx3yhs/i_tried_cardano_defi_for_the_first_time_and_it/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Look I'm not someone who's just dipping their toes into DeFi for the first time, I've used other networks and various protocols and I want to know what went so wrong with my first Cardano experience. So please keep an open mind.</p> <p>Here's my story:</p> <p>Installed Nami wallet. </p> <p>Started a withdrawal of just 5 Ada from Kraken to this wallet, it took 30 minutes (??) for funds to arrive.</p> <p>Went to SundaeSwap, tried to swap 1 Ada for 1.4 Sundae but kept saying that I have insufficient funds, apparently Sundae has additional fees that I was not aware of (2.5 Ada + some refundable deposit of 2 Ada).</p> <p>Waited another 30 minutes to withdraw more Ada.</p> <p>Big red warning on the Sundae page that the network is heavily congested. Checked the explorer and blocks were indeed (85%+) full while running at 2 tps. How is that possible?</p> <p>First 4 swap attempts failed with 0 warnings, nothing to be found on-chain in the explorer, just pending attempts that disappeared after reconnecting my wallet.</p> <p>The 5th one I think was recorded on-chain and remained in pending.</p> <p>40 minutes later another on-chain swap attempt magically appeared, probably from the first 4 "failed" txs. Wtf?</p> <p>Tried to cancel this second order...cancellation pending with 0 feedback on what is happening, tried to cancel 3 more times... nothing.</p> <p>Exactly one hour and 7 minutes later the first swap completed.</p> <p>I'm used to getting near instant confirmations and swaps on other networks, 1 hour+ is definitelly the longest I've ever had to wait on any Dex by a factor of 1000x and combined with all the fails and weird behaviour that I got I can't call this a good UX. What exactly went so wrong and what's the solution? Please don't call me a fudder because none of this is made up and anyone can try it for themselves.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Simple_Yam"> /u/Simple_Yam </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sx3yhs/i_tried_cardano_defi_for_the_first_time_and_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sx3yhs/i_tried_cardano_defi_for_the_first_time_and_it/">[comments]</a></span>Kind Regards R