Discover and read the best of Twitter Threads about #SeFi

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1/13. Introduction

To all you AMM users out there!

This is an educational thread to help you understand the value of privacy while using an AMM,
and how to protect yourself from #frontrunning & #MEV using @secretnetwork #SCRT #SEFI
2/13. The problem

When using AMM’s,
Your transactions are public on the blockchain,
They can be searched,
They can be analyzed,
And bots and miners take positions against your trades to profit off of you!

How does this work?
3/13. Bots and Frontrunning

When you trade, bots scan transactions in the transaction pool.
They see:
- What you trade
- How much you trade
- How much Gwei you paid

In a split second, they front-run your transaction!

What is frontrunning you ask?
Read 13 tweets
1/ Today, we are thrilled to announce that TokenSets is live after the last few weeks in beta. 🚀

For the first time, anyone in the world can acquire a single token to automate trading strategies for crypto.

Set it and Forget it. #SeFi with #DeFi 🛌…
2/ With launch, we are a major step closer in our mission to democratize wealth creation tools. Put your crypto to work on without the need to create a bank, brokerage or exchange account. No management fees, no minimums, and no counterparty risk
3/ Getting started is just a few clicks. In addition to @metamask_io, we support a novel SMS / PIN login via @fortmatic, and all mobile wallets including @CoinbaseWallet @imTokenOfficial @TrustWalletApp to make Sets accessible from anywhere.
Read 5 tweets

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