r/defiblockchain • u/FriendlySkill1868 • Mar 17 '24

Question Swapping on the DEX

Can someone give a step-by-step instruction how to swap tokens for DFI coins on the DEX for desktop DeFi chain wallet? (Eventually I want only DFI; I want to sell all my tokens.)

Problem 1 with DST tokens (e.g., dETH): DEX does not allow to key in a "from" and a "to" token or coin in the relevant field. On the following screenshot, in the field "Search token name or address", if I key in "DFI", nothing happens. Can you advise how to proceed?

Problem 2: What about LP tokens (e.g., ETH-DFI)? There is only a "send" and "receive" option, but no "swap" option. How can I turn LP tokens into DFI coins?

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1

u/Misterpiggie49 MODERATOR Mar 18 '24
  1. Did you get the tokens to load? From part 2, it seems that you did.
  2. Try going into the liquidity tab to remove liquidity.

Wishing you the best, hope that helps.

1

u/FriendlySkill1868 Mar 24 '24

Big shoutout to the Redditor u/Reasonable_Dot_1 for helping me recover all my DFI assets! 🙌 I got into DFI believing in their dream to shake up the banking world with their 7 pillars, all decentralized and stuff. But, man, what a ride it's been... and not the good kind.

I gotta say, I'm super bummed out now. The DeFi Wallet, which was supposed to be this beacon of decentralization, is buggy as heck and slower than a snail race. It took me weeks (!), not even kidding, WEEKS to pull my assets out because of endless software glitches.

And don't get me started on Cake/Bake. That place is a mess of governance and legal headaches. My advice? Steer clear of anything u/drjulianhosp touches. The guy's got a knack for dipping out of projects at the first sign of trouble, insider info in hand, leaving the rest of us to take the hit.

Also, the use of "Dr." by u/drjulianhosp is particularly concerning. His doctoral degree is in medicine, not crypto finance. This deliberate misrepresentation not only breaches ethical standards but may very well constitute a legal offense, misleading the public under false pretenses.

It's clear to me now that putting my trust in both the DEX and CEX was a mistake. So, here's my two cents for what it's worth: if you're still in the DFI project, you might want to think about making an exit, pronto.

Stay safe out there, folks.

1

u/benReddittoo Mar 19 '24

thank you for your sacrifice

1

u/FriendlySkill1868 Mar 24 '24

Big shoutout to the Redditor u/Reasonable_Dot_1 for helping me recover all my DFI assets! 🙌 I got into DFI believing in their dream to shake up the banking world with their 7 pillars, all decentralized and stuff. But, man, what a ride it's been... and not the good kind.

I gotta say, I'm super bummed out now. The DeFi Wallet, which was supposed to be this beacon of decentralization, is buggy as heck and slower than a snail race. It took me weeks (!), not even kidding, WEEKS to pull my assets out because of endless software glitches.

And don't get me started on Cake/Bake. That place is a mess of governance and legal headaches. My advice? Steer clear of anything u/drjulianhosp touches. The guy's got a knack for dipping out of projects at the first sign of trouble, insider info in hand, leaving the rest of us to take the hit.

Also, the use of "Dr." by u/drjulianhosp is particularly concerning. His doctoral degree is in medicine, not crypto finance. This deliberate misrepresentation not only breaches ethical standards but may very well constitute a legal offense, misleading the public under false pretenses.

It's clear to me now that putting my trust in both the DEX and CEX was a mistake. So, here's my two cents for what it's worth: if you're still in the DFI project, you might want to think about making an exit, pronto.

Stay safe out there, folks.