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I tried Cardano DeFi for the first time and it was incredibly bad

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by COINS NEWS 153 Views

Look I'm not someone who's just dipping their toes into DeFi for the first time, I've used other networks and various protocols and I want to know what went so wrong with my first Cardano experience. So please keep an open mind.

Here's my story:

Installed Nami wallet.

Started a withdrawal of just 5 Ada from Kraken to this wallet, it took 30 minutes (??) for funds to arrive.

Went to SundaeSwap, tried to swap 1 Ada for 1.4 Sundae but kept saying that I have insufficient funds, apparently Sundae has additional fees that I was not aware of (2.5 Ada + some refundable deposit of 2 Ada).

Waited another 30 minutes to withdraw more Ada.

Big red warning on the Sundae page that the network is heavily congested. Checked the explorer and blocks were indeed (85%+) full while running at 2 tps. How is that possible?

First 4 swap attempts failed with 0 warnings, nothing to be found on-chain in the explorer, just pending attempts that disappeared after reconnecting my wallet.

The 5th one I think was recorded on-chain and remained in pending.

40 minutes later another on-chain swap attempt magically appeared, probably from the first 4 "failed" txs. Wtf?

Tried to cancel this second order...cancellation pending with 0 feedback on what is happening, tried to cancel 3 more times... nothing.

Exactly one hour and 7 minutes later the first swap completed.

I'm used to getting near instant confirmations and swaps on other networks, 1 hour+ is definitelly the longest I've ever had to wait on any Dex by a factor of 1000x and combined with all the fails and weird behaviour that I got I can't call this a good UX. What exactly went so wrong and what's the solution? Please don't call me a fudder because none of this is made up and anyone can try it for themselves.

submitted by /u/Simple_Yam
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