Uniswap
Uniswap

Uniswap

Uniswap is a decentralized exchange (DEX) where you can swap your crypto. (example from ETH to DAI)

Quality Check:

✅ Audited

✅ Active community

✅ Active team

✅ Billions $$ of liquidity

✅ Decentralized, DAO.

Community Links:

👉 Uniswap website

👉 Uniswap twitter

👉 UNI token

👉 Uniswap founder

👉 Uniswap docs

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Why Use Uniswap? 🤔

  • Swap between any crypto assets, with a fixed fee, no matter the amount $$.
  • Anyone can provide liquidity to pools, which makes Uniswap possible, and decentralized.
  • Liquidity providers make a % every time someone swaps crypto assets using their pool.

Why Decentralized Exchanges? 🤔

  • Coinbase is a company. Coinbase needs to make money. They charge % of sales / buys.
  • Uniswap is owned by the people.
  • Selling $30k worth of ETH on Coinbase will cost you $500.
  • Selling $30k of ETH for USDC on Uniswap costs $10-$50 (depending on gas)
  • Swap any amount for only the price of the gas fee.

How Does It Work?

  • Every pair (ex : ETH / USDC) has a community pool.
  • Anybody can provide ETH & USDC into the ETH/USDC pool.
  • This gives liquidity to the people and allows swaps between the pair.
  • Those that provide liquidity to any pool, get rewarded swap fees every swap.
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What Is The UNI Token Used For?

  • Voting power in the Uniswap DAO.
  • With the biggest treasury in DeFi, ($6 billion+), voting power that controls this huge sum can be valuable.
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What Are The Risks Of Using Uniswap?

  • Bugs, exploits are always possible.
  • As a swapper, not many risks at all. (except for slippage)
  • As a liquidity provider, impermanent loss is always at play.

WTF is "impermanent loss"? 👇

WTF is "slippage"? 👇

Stand-Out Features?

  • Low slippage, meaning less likely to not execute your trade at your desired price(s).