Uniswap, A DeFi.
....AMM → Automated Market Makers.
DeFi means DEcentralized Fnance.
In this type, there's no central authority but a peer-to-contract mode of conducting financial activites.
In fact, if you want to check Uniswap out, then you must have prior knowledge of web3 and trading in Cexs.
As a decentralized exchange, all transactions done and trades taken is between you and the smart contract encoded already.
For this reason, there's no censorship in Uniswap and other dexs alike.
No need for KYC (know your customer)
Very low fees and no need for taxes
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Web3 Tutor⛓️ Demo Trader🩺 Web3 Hacker In-view♟️ Dr. In-view🥋 Web2Web3 Researcher☯️ CowryWise & Bitget Ambassador🫂 SMM (GIDA)🕺 News Writer (DiutoCoinNews)🛡️ Cover Enthusiast🦯
Most prominent DeFi dApp on Ethereum chain...
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Similar ideas to Uniswap, A DeFi.
How do liquidity pools work?
Automated market makers (AMM) have changed this game. As no direct counterparty is needed to execute trades, traders can get in and out of positions on token pairs that likely would be highly illiquid on order book exchanges.
When you’re executing a trade on an AMM, you don...
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