Gas Details
New CivTrade v2 benefits
Data collected from CivTrade shows significant gas savings relative to Uniswap:
- 1.Limit: Faster is 36.9% cheaper than adding V3 liquidity
- 2.Limit: Cheaper is 84.0% cheaper than V3 swaps
- 3.Market is 4.3% cheaper than V2 swaps
The new Limit: Faster type, an upgrade of CivTrade V2, cuts up to 70% of gas costs compared to CivTrade V1.
Our limit: cheaper order, an upgrade of CivTrade V2, relays your native token transactions and cuts away the majority of your gas costs: you only pay the gas to transfer native tokens, which is one of the cheapest blockchain operations.
Our market order, now supported by adopting the 1inch API, routes your transaction along the most efficient execution path, trading off gas savings against output token growth.
Typically a market trade will cost less gas compared to Uniswap V3, with the exception of when the new Auto Smart Routing system finds more profitable opportunities to split your trade across multiple pools, increasing the gas costs by less than your gain, thanks to the greater amount of tokens received in output.
For every type of trade we support and offer traders, gas is cheaper or equivalent on CivTrade compared to Uniswap V3. While smart and revolutionary, Uniswap is not as retail-user friendly. Let CivTrade be your go-to platform for all of your DeFi needs!
Gas units used by each type of trade, averaged across different token pairs
Note that the table above shows the gas used for each type of trade, averaged across different tokens (each token may have a different transfer function and gas cost).
A reduction in gas will result in lower gas fees in any market condition, regardless of gas price or the price of the native token.
The $ gas cost value shown by the wallet (dollar price times the number of units) when trading is =
Where $perNativeToken is the dollar cost of the native token used to pay for gas costs, gasUnits (in Wei) is the number of units of gas required to perform the transaction and gasPrice (in GigaWei) is the current price of gas. GasPrice is divided by 10^9 to change the units from GigaWei to Wei. So, for example, for ETH, the price of a CivTrade V2 limit cheaper order, with $3,000 per ETH and gasPrice = 80 GWei, is:
CivTrade V2 not only introduces new order types to the DeFi world, but also the Auto Smart Router. This is how we execute the optimal trade for every order type.
In addition to gas savings as mentioned earlier, we are able to pass on additional benefits to traders. Some include:
- No need for manual comparison checks
- No need for manual pool selection
- 100% optimal choice based on market conditions
For market orders, gas fees are incurred in all cases, as detailed above.
For limit orders, you can choose faster or cheaper using CivTrade V2.
The faster option was introduced in CivTrade V1. The cheaper option was introduced in CivTrade V2, whereby the user pays little to no gas.
The cheaper system adds a tick to the target price, so as to mint extra liquidity fees that cover the initial gas price. A tick is a measure of the minimum upward or downward movement in the price of a security. You are typically better off when the position is allowed to fill. However, in order to pre-close the order on CivTrade, you must pay the cost of gas.
Zero gas fees at exit due for auto-filled positions.
Last modified 1yr ago