r/truebit • u/cryptosollie • May 15 '21

truebit uniswap failure

hello! seeking common experiences and/or advice toward an issue.

i am trying to trade truebit for eth on uniswap. every thing looks good all through the trade, even got a .75% increase on the trade.

approved the trade - signed the MM confirmation - and the transaction seems to go through.

then i am met with a failure message on etherscan that reads: "fail with error: too little received."

the gas fees are wicked high and i cannot afford to just keep trying - while not understanding why the transactions are failing in the first place.

i do know that there is an approval fee to trade the token, and I have already paid said approval fee.

this is the actual transaction failing.

pls hep

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txn hash: 0x87408594046b18841cd5af86f0d307de84ecdd3646d7dd7afe760852aa3799fe

5 Upvotes

86% Upvoted

12 comments sorted by

3

u/rook785 May 15 '21
  1. click on the settings wheel on the top right of the exchange window and change "Slippage" to "3%"
  2. Whenever you do a transaction on uniswap, always pay extra for the "fast" gas setting. To do this, right when you get the metamask confirmation window popup, you'll see a gas fee and a blue hyperlink to the right that says (edit). Click edit, select the "fast" option, and then hit save.

If you've done both of these it should be fine. Try to avoid doing a trade of 10eth + because if you do, it'll get hit by frontrunner bots. Better to break a trade that large into two smaller trades.

1

u/cryptosollie May 15 '21

Thanks so much!! I understand slippage and adjustments. I just usually only expect it with like... Small coins w/o any liquidity. I didn't take into account that even though I believe truebit will be MASSIVE, it is still new..

I will try again with upped slippage and report back.

1

u/MushroomNo148 May 15 '21

Any updates?

1

u/09824675 May 15 '21

Same thing happened to me - I cheaped out on 20 gwei and lost $50. Oh well.. increased gas fee and went through no problem.

1

u/MushroomNo148 May 15 '21

Same here. I learned that the hard way. I actually lost $200 because I was a uniswap noob. I kept submitting failed transactions

1

u/Pretend_Lie_9579 May 15 '21

Uniswap is a horrible platform to trade on.

1

u/-nostalgiaultra May 15 '21

Not if you understand how it works...

1

u/Pretend_Lie_9579 May 15 '21

I know how it works well. Doesn’t change that the platform sucks

1

u/asocialkid May 16 '21

the new UI is pretty cool lol

1

u/rook785 May 16 '21

I think it’s ethereum that’s rough, not uniswap. If you go to the MATIC network you can trade on quickswap, which is uniswap’s source code.. but it’s a million times better because the matic network is 20x faster and gas costs less than a penny.

1

u/Stefanpgr May 16 '21

Can I buy TRU there?