laatste update: 06-2022
UPDATE: I mistakenly edited out one key step in saving on gas with the CHI token–buying it first! Sorry, but consider getting CHI on 1inch.exchange and just leave it in your wallet to be auto-spent on future trades on 1inch as long as you Enable CHI like I did in the tutorial.
While higher gas prices on Ethereum are driving up transaction fees, I’m noticing lots of DeFi newcomers are missing out on simple tricks to minimize their gas costs when trading on DEXs. This tutorial is how I regularly save more than 50% on gas costs, considering I do 100% of my trading on Ethereum DEXs and work with an average of 5-10 transactions per day on Ethereum. I know the stress of gas costs firsthand!
Here’s what I cover:
⚔️ Tip #1: High gas prices on Ethereum and how the ETHGasStation.info can help
⚔️ Tip #2: How the CHI token and 1inch.Exchange help me to save 50% on gas costs
⚔️ How to enable the CHI token and save trading on 1inch.Exchange
⚔️ Tip #3: How I use the “unlimited spend limit permission” to save on gas on future trades
⚔️ Finishing the 1inch trade and confirming I saved 50% on gas costs
⚔️ Warning about the “unlimited spend limit permission” and how to change it back to zero
Helpful Resources:
🛠️ To try 1inch.Exchange DEX aggregator, go to:
🛠️ To use handy EthGasStation.info tool, go to:
🛠️ To learn more about the CHI gastoken, go to:
🛠️ To edit unlimited allowances you’ve enabled with Ethereum apps in the past, go to the Token Allowance Checker:
📺 For more DeFi tutorials like this, please subscribe to DeFi Tutorials with DeFi Dad on Youtube and follow @DeFi_Dad on Twitter at
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Disclaimer & Risks: 1inch.Exchange and the other teams mentioned in this video did not pay me to produce this video. This is not financial advice and you should approach all DeFi applications, wallets, protocols, and tools with caution. Please be aware there is always risk in using DeFi, including technical risks (ie smart contracts hacks), financial risks (ie liquidity crises), and potentially admin risk (admin key compromise, governance vulnerabilities). There is risk whenever using leverage (if it’s ever used), and there’s risk of the dollar-peg failing in any stablecoin, such as sUSD. Also, be mindful of the risk of an “unlimited spend limit permission” I demonstrate in the video.
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fantastic
I didn't see the saving on that at all to finish up your transaction you payed 8 dollars and to just swap it would have been 2.75 so where do you think your saving at
Thanks for sharing this.
This was a complete fail for me. I paid about $30 gas for $120 in Chi. Went to do my next swap using Chi, and gas price was quoted at over $150 w Chi vs $12 on Uniswap. Ended up using Uniswap and stuck with these Chi.
I put 1 on Gwei and only charged me $.06 on fees.
God those Ivan on Tech ads are obnoxious, can't stand that guy yelling at me.
Rumour has it, Bruce Lee is the biggest liquidity provider on 1 Inch Exchange, "Be water my friends"
i dont believe in 1 inch exchange. i tried to buy CHI tokens on 1 inch. it charge me with 14usd gas fee, but when i swap into uniswap. it will charge me with 7 usd in fees. same amount of tokens. but HUGE difference in gas!
Shoulda held ;-p
Wow! We haven't seen these low gas prices since this video was made.
#MXC_Exchange recently launched $LON deposit and API trading competition and fee exemption with $40,000 to be given away here twitter.com/MXC_Exchange/status/1341614419634077696
why is it so choppy? 2 frames per second?
$CHI is now listed on #MXC_Exchange we can now buy and sell $CHI here with a $5000 airdrops for users who meet the deposit amount check it here https://twitter.com/MXC_Exchange/status/1344502596887724037
Since CHI is a developer token, do you have to have CHI in your Wallet to save? I’m thinking of keeping a small amount of CHI just in case but as Layer 2 solutions and ETH 2, etc. over the next year come out, I don’t want to invest in CHI long term. Probably a good buy for this year though.
I could not have done this without your help 🤗
Wish I watch this an hour ago…..
Lol it's funny how they say CHI is not an investment and it's gone up over 10x
now more relevant than ever
ARGGGHHH I can't even get my 1 inch aggregator screen to look like yours… I'm gonna go sit in the corner with a tin foil hat.
I'm getting $100 gas fee to buy chi gas, woah I'll stick with BTC and ETH
its above 200 now damn
When I go to Unlock the "confirm" on my transaction is white and I cannot click it. Im in limbo with my coins just sitting there not allowing me to unlock it
Is it now automated?
I don't see the same pages. Or,
i wish it was still that cheap
YFI price now lol
I just tried to use my Coinbase wallet to swap Dai for Shiba and the fee was $260!!!
Why is this? Im not paying $260 to swap a fuckin coin.
is it risky having unlimited unlock with chi gas token? Could it be susceptible to hacks?
Let’s see if this help cause it’s looking no different than uniswap
can i reduce gas fees in bsc also? using 1 inch?