I’m not sure where the screenshot is from and what you’re trying to do.
I’ve never seen that warning on any platform I have used on Polygon or Ethereum Mainnet.
Is that a Metamask warning?
This is using the wallet site for polygon and matic swapping golem to matic. and its metamask
Could just be golem cause matic to anything doesnt give me the same error everytime.
I just swapped some tokens… did not get any errors…
- Transaction Time: a few seconds
- Total transaction fee $0.11
Which token did you test?
MATIC => STORJ
It worked just fine… and I got a little back in fees to my own pool.
Yeah I tested that as well worked fine. No idea why golem > matic gives me issues does that mean there pool is empty?
I don’t know… I haven’t looked.
Remember that the price of STORJ on Polygon is governed by the token pools… which are created by random people. So, carefully check prices on those pools before swapping. I set the price per coingecko listed MATIC and STORJ. The ratio may have already changed a bit.
Token pool prices work well when there are many transactions per day as well as a deep pool with plenty of liquidity. This keeps the pool from becoming out of date in relation to centralized exchanges and other DeFi platforms.
EDIT:
I’ll leave the pool in place for a little while longer… but I don’t feel comfortable letting it sit there exposed to possible price swings resulting in lost tokens and value.
Thanks for allowing me to test the swap with matic and storj though Now we just need a whale to do the same so we dont have to worry about it.
No problem…
In fact, if next month some low earning SNOs want to swap after getting paid on Polygon, I’ll set up a pool again based on the prices at the time. But I’m no whale… so carefully check the price to make sure it’s fairly set.
I think add liquidity shall the responsibility of Storj
Definitely disagree.
However, it may be a good idea for them to do so… in order to protect their token reputation. As I’ve demonstrated, swapping on Polygon works just fine. And having random people setting pool prices for a token contract that already exists on Polygon may not be in Storj’s best interests… whether or not they continue to support payouts to Polygon after the first test month.
EDIT:
I removed my pool. Since I was the only liquidity provider, the next individual will have an opportunity to set the price on Uniswap… which is one of the feeds into 0x API used by the Polygon Wallet swap feature.
But for AMM Storj Matic LP pair will not be profitable. Or Storj offer a Farm to Stake LP tokens
This already exists… it’s called pay for use of their network in STORJ and get a 10% bonus.
I’m not sure what this is…
What’s AMM? Is it this token
That’s the fundamental for a DEX AMM is a automatic market maker see here Welcome to OpenTezos | OpenTezos
Tezos… oh…
I tried it out. It’s neat… but it requires Storj to create a new contract for a wrapped token. That’s never going to happen … so, it’d be better to not worry about Tezos and wSTORJ.
1 Like
I only wanted to send you a link what AMM are.
By the way Of course the Tezos chain performing much better.
Now after Storj is going to hire someone for developer marketing, they need to do the same for token marketing. It is not about speculation, it is about turning the Storj token into a brand for additional actors outside the SNO / Storj DCS scope.
It could be marketed as payment option to developers on various platforms.
2 Likes
Oh, my! What did I miss? 
That’s a really good explanation of token pools and DeFi platforms.
Thank you!
STORJ Labs Inc. officially announcing a Polygon trial! Jan 14, 2022: Payouts for the month of December are now complete, and Polygon announcement
Linking to it as a solution to the original post as it is better than the current one. My topic seems to have generated some sparks.
2 Likes