- This topic has 2 replies, 1 voice, and was last updated 2 months, 1 week ago by
KoreanCryptoPuppy.
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- Tuesday, November 29th, 2022 at 22:26 #413899
KimJhonUn
ParticipantI’d like to slowly DCA different crypto tokens, but it seems the only option is using a CEX. Is there a platform that allows recurring buys on DEXs?
Tuesday, November 29th, 2022 at 22:26 #413900Autobotnate
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Tuesday, November 29th, 2022 at 22:26 #413901KoreanCryptoPuppy
I thought about it a bit after a user asked for a way to send repeated transactions to a wallet. Like repeated wire transfers to pay for some sort of subscription. A lot of people talked about smart contracts as well as a certain protocol that I forgot. Not that it really matters for the DCA question.
Rather that it would probably require you to allocate funds to a smart contract e.g. USDC and that these funds would then be used on your desired time-frame to swap for ETH. Maybe most people believe that those who desire such functionality would write such a smart contract themselves using whichever DEX they desire but that is beyond my scope of knowledge.
As things stand I have neither heard about an ETH Mainnet way to DCA on a DEX, nor about one on OPTIMISM. As I am using a CEX to do it myself, I’ve been looking into it every few months but ultimately made peace with me sending one day worth of DCA budget to my CEX via optimism and to then withdraw the DCA by the end of the day via optimism as well. Costs about $0.12 in fees. Arbitrum might be cheaper if that is an option for you.~
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